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

Finance

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Royal Caribbean reports stellar year

Royal Caribbean Cruises ended 2018 with record financial results, despite the unfavourable impact from fuel and currency costs. US GAAP net income for the year was $1.8 bill or $8.56 per share and adjusted net income was $1.9 bill or [Read more...]

February 17th, 2019|

ICG receives EIB loan for two ropaxes

The European Investment Bank (EIB) is providing €155 mill to finance two new ropaxes for Irish Continental Group’s (ICG) subsidiary Irish Ferries. The two new ferries will increase passenger and cargo capacity on routes to Ireland, replace older [Read more...]

January 28th, 2019|

NCLH refinances senior secured credit facility

Norwegian Cruise Line Holdings (NCLH), together with NCL Corp, has refinanced its senior secured credit facility. NCLH amended its existing senior secured credit facility by repricing its $875 mill revolving credit facility, repricing and increasing its Term A [Read more...]

January 13th, 2019|

Tallink joins Nasdaq Helsinki

Estonian ferry company Tallink Grupp started trading on Nasdaq Helsinki Main Market on 3rd December. Tallink’s shares are already listed on the main market of Nasdaq Tallinn since December, 2005. ”Nasdaq Helsinki is the perfect fit for our [Read more...]

December 17th, 2018|

‘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 [Read more...]

December 17th, 2018|