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|

Silversea to join RCL stable

Royal Caribbean Cruises (RCL) is to acquire a majority stake in privately-owned Silversea Cruises, Under the agreement, RCL will acquire a 66.7% equity stake in Silversea Cruises based on an enterprise value of around $2 bill. The purchase price of the equity being acquired is around $1 [Read more...]

2018-06-15T10:16:20+00:00 June 15th, 2018|Finance|