‘Color Magic’ re-financed

Color Group has signed a new five-year financing agreement for the cruise/ferry ‘Color Magic’. The new revolving credit facility is valued at NOK1,200 mill, with the same covenant structure as existing vessels mortgaged loans. The re-payment profile is 10 years. The first drawn tranche, which [Read more...]

2018-12-17T08:48:51+00:00 December 17th, 2018|Finance|

Lindblad bullish going forward

Lindblad Expedition Holdings has reported third quarter tour revenues of $87.2 mill, an increase of $2.7 mill, or 3%, compared to the same period in 2017. This increase was driven by growth of $5.6 mill at Natural Habitat, partially offset by a $2.9 mill drop [Read more...]

2018-11-18T15:23:42+00:00 November 18th, 2018|Finance|

RCL sees record earnings

Royal Caribbean Cruises (RCL) reported record earnings for the third quarter of this year and narrowed its full year adjusted EPS guidance. For 3Q18, US GAAP net income was $810.4 mill or $3.86 per share and adjusted net income was $836.3 mill or $3.98 per [Read more...]

2018-10-28T21:46:39+00:00 October 28th, 2018|Finance|

Third Hapag-Lloyd expedition ship financed

KfW IPEX-Bank and Commerzbank are to finance the third Hapag-Lloyd Cruises expedition ship. The Hamburg-based subsidiary of TUI Group had already contracted VARD shipyard in 2016 to build the sister vessels ‘HANSEATIC nature’ and ‘HANSEATIC inspiration’, which are scheduled to be delivered in 2019. Delivery [Read more...]

2018-10-28T21:43:35+00:00 October 28th, 2018|Finance|

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|