Marketing 2018-03-01T10:06:50+00:00

Marketing

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Speedcast opts for Chapter 11

Cruise ship satcoms provider, Speedcast International Limited has initiated a voluntary financial restructuring under Chapter 11 of the US Bankruptcy Code. This came after the company evaluated a variety of options to strengthen its balance sheet in ways [Read more...]

May 16th, 2020|

New suspension extensions

Due to the continued global pandemic outbreak, various government advisories still in force and the lockdown of many countries and ports worldwide, several cruise operators have announced extensions to their operational suspension policies. For example, Cruise & Maritime [Read more...]

May 15th, 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|

US fact finding mission to report on cruise ships

The US Federal Maritime Commission (FMC) has appointed Commissioner Louis E. Sola to oversee a fact finding investigation aimed at identifying commercial measures passenger cruise lines can adopt to mitigate COVID-19 related impacts. Commissioner Sola’s task, within the [Read more...]

May 1st, 2020|

Viking Line – cargo volumes strong

The ongoing COVID-19 coronavirus pandemic has caused a serious deterioration in Viking Line’s operating conditions, the company said in an update. Passenger volumes were negatively affected in February this year and fell sharply in March. As a result [Read more...]

April 27th, 2020|

Major cruise ships suspensions extended

Most of the major cruise ship operators have extended their shutdowns in the past couple of weeks, due to COVID-19. For example, P&O Cruises has said that it’s extending its operational shutdown through 31st July, 2020. P&O Cruises [Read more...]

April 27th, 2020|

Newbuilding delays

Crystal Expedition Cruises has postponed the launch of its luxury expedition ship ‘Crystal Endeavor’. The delay is due to the temporary closure of the MV WERFTEN shipyards, which stopped ship production to protect its employees during the COVID-19 [Read more...]

April 27th, 2020|