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


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Carnival Corp to raise cash

Carnival Corp has instigated private offerings of $3 bill aggregate principal amount of first-priority senior secured notes, due 2023  and $1.75 bill total principal amount of senior convertible notes, due the same year. Carnival said that intends to grant the initial [Read more...]

April 1st, 2020|

MSC to halt expenditure for 18 months

In line with all the other cruise companies, MSC Cruises has temporarily stopped all its US-based embarkations until 30thApril, and halted ship operations across all areas considered high risk for the virus - the Mediterranean, the Arabian Gulf [Read more...]

March 26th, 2020|

Royal Caribbean boosts liquidity

Royal Caribbean Cruises has agreed a $2.2 bill, 364-day secured term loan facility, to further enhancing the company's liquidity position. The facility can be extended at the company's option for an additional 364 days. RCC has borrowed the [Read more...]

March 26th, 2020|

Saga experiences cancellations

Cruise ship, insurance and tour operator, Saga said that it is closely monitoring COVID-19’s evolving situation. The Group confirmed that is cruise and tour businesses had experienced an increase in near-term cancellations, due to the virus outbreak. “Our [Read more...]

March 13th, 2020|

RCCL tackles liquidity

Royal Caribbean Cruises has increased its revolving credit capacity by $550 mill bolstering the company's liquidity in the light of the spreading virus. In addition, the company is taking action to improve its liquidity by reducing capital expenditures, [Read more...]

March 13th, 2020|

Vessel delivery buoys Lindblad

Lindblad Expeditions Holdings has reported full year tour revenues of $343.1 mill an increase of $33.4 mill, or 11%, compared to 2018. This increase was driven by growth of $26.1 mill on the Lindblad segment and a $7.3 [Read more...]

February 28th, 2020|

Covid-19 to hit NCLH’s bottom line

Norwegian Cruise Line Holdings (NCLH) has reported a 2019 GAAP net income of $930.2 mill, or EPS of $4.3, compared to $954.8 mill, or $4.25 EPS, in the previous year. The company generated adjusted net income of $1.1 [Read more...]

February 28th, 2020|