TUI Group delivers strong cruise performance

TUI Group’s three cruise brands – TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises – delivered an impressive third quarter fiscal year performance, according to a TUI Group presentation. “Cruises delivered a very strong performance in Q3, with additional capacity in TUI and Marella Cruises, and [Read more...]

2018-08-30T11:41:39+00:00 August 30th, 2018|Finance|

Norwegian Cruise Line’s earnings above estimates

Norwegian Cruise Line Holdings generated GAAP net income of $226.7 mill or EPS of $1.01, for the second quarter of this year, compared to $198.5 mill or $0.87 in 2Q17. Adjusted net income was $271.9 mill or Adjusted EPS of $1.21, compared to $232.7 mill or $1.02 in the same period of 2017. Adjusted EPS outperformed guidance by $0.19. Total revenue increased 13.2% [Read more...]

2018-08-30T11:26:06+00:00 August 30th, 2018|Finance|

Lindblad reports increased revenues

Lindblad Expeditions Holdings second quarter tour revenues of $69.5 mill was an increase of 25%, compared to the same period in 2017. This increase was driven by growth of $12.3 mill at the Lindblad segment and a $1.6 mill increase at Natural Habitat. Lindblad segment [Read more...]

2018-08-11T06:56:05+00:00 August 11th, 2018|Finance|

WFW advises on MSC’s latest financing

Watson Farley & Williams (WFW) has advised long-standing client, MSC Cruises, on the €1.5 bill ECA-backed financing for two new ‘Seaside’ EVO class cruise ships. The Seaside EVO is a larger evolution of MSC Cruises’ existing ‘Seaside’ class ships. The financing was provided by a [Read more...]

2018-08-11T06:27:21+00:00 August 11th, 2018|Finance|

Royal Caribbean reports record earnings

Royal Caribbean Cruises has reported record second quarter results and reaffirmed its full year adjusted EPS guidance of $8.7 to $8.9 per share. However, the company warned that this guidance included a $0.35 EPS negative impact from currency and fuel since the April guidance was [Read more...]

2018-08-11T06:11:04+00:00 August 11th, 2018|Finance|

RCL closes Silversea acquisition

Silversea Cruises has officially joined the Royal Caribbean Cruises (RCL) brand. Both companies announced on 31st July that they had finalised RCL’s acquisition of a two-thirds stake in Silversea after receiving final approval from the regulators. The investment means that RCL’s portfolio of cruise brands [Read more...]

2018-08-11T06:07:37+00:00 August 11th, 2018|Finance|

Irish Continental receives new ferry loan

Irish Continental Group (ICG) has concluded an additional financing facility with the European Investment Bank (EIB). The facility will be used to finance the construction of the second new vessel for ICG’s Irish Ferries operations, which is due for delivery during 2020. When delivered, this [Read more...]

2018-07-03T07:02:26+00:00 July 3rd, 2018|Finance|