Finance 2018-03-01T10:04:38+00:00

Finance

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RCL gives business update

Royal Caribbean Cruises (RCL) has updated its financial position in light of the COVID-19 pandemic impact in the Group’s first quarter results presentation. "Responding to the dramatic change in business conditions caused by COVID-19 has required focus, dedication, [Read more...]

May 21st, 2020|

Royal Caribbean to raise $3.3 bill

To shore up its liquidity, Royal Caribbean Cruises has instigated a private offering of $1 bill aggregate principal amount of 10.875% Senior Secured Notes due 2023 and $2.32 bill aggregate principal amount of 11.500% Senior Secured Notes due [Read more...]

May 16th, 2020|

Meyer Turku announces layoffs

At the end of last month, cruise shipbuilder Meyer Turku shipyard started negotiations to permanent layoff of 450 people with another 900 affected by other measures. These include temporary layoffs of different lengths, work time adjustments and other [Read more...]

May 16th, 2020|

German ropax builder FSG files for insolvency

Ro-ro and ropax shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for ‘self-administered’ insolvency under German procedure. Similar to the US Chapter 11, this allows the existing management team to remain in control while the company restructures its finances. In [Read more...]

May 16th, 2020|

Royal Caribbean to raise $3.3 bill

To shore up its liquidity, Royal Caribbean Cruises has instigated a private offering of $1 bill aggregate principal amount of 10.875% Senior Secured Notes due 2023 and $2.32 bill aggregate principal amount of 11.500% Senior Secured Notes due [Read more...]

May 15th, 2020|