Industry News
CIMC enters cruise ship LNG tank market
Nantong CIMC Sinopacific Offshore and Engineering Co, Ltd (CIMCSOE), a subsidiary of CIMC ENRIC, has received two orders for LNG tanks, thought to be for luxury cruise ships. The total orders exceededYuan160 mill and has further stabilised CIMC [Read more...]
Yangtze cruise vessel to be fitted with Schottel propulsion system
German propulsion manufacturer, Schottel, has been awarded a contract to provide azimuth thrusters for a large Chinese river cruise vessel. Owned by Changjiang Cruise Overseas Travel and built by China Merchants Heavy Industry (Jiangsu), the new ship [Read more...]
Greer becomes IAATO Executive Director
The International Association of Antarctica Tour Operators (IAATO) has appointed Gina Greer as Executive Director. Greer will lead the Secretariat and work with IAATO’s Executive Committee to further the association’s mission of advocating and promoting safe, environmentally responsible [Read more...]
On site grounding repair
While a Hydrex diver/technician teams were undertaking underwater bow thruster repairs in Phuket, a cruise ship suffered grounding damage while on her way to Thailand. Upon hearing of the incident, the Hydrex technical department contacted the undisclosed [Read more...]
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...]
COVID-19 hits Carnival’s bottom line
Carnival Corp suffered a USGAAP net loss of $781 mill, or $(1.14) diluted EPS, for the first quarter of 2020, compared tonet income of $336 mill, or $0.48 diluted EPS for 1Q19. The net loss included $932 [Read more...]
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...]
Fraunhofer to support Carnival Maritime
Carnival Maritime, the Hamburg-based marine service unit of the Costa Group has partnered with Fraunhofer CML. This move is meant to implement the maritime research institute´s decision support system, the patented SCEDAS, on the 27 vessels of Costa [Read more...]
YSA brings dining experience out in the open
In upholding the luxury and sophistication for which the Regent Seven Seas Cruises brand has become renowned, new fleet addition ‘Seven Seas Splendor’ also includes a makeover with a twist for its dining area, thanks to Oslo-based YSA [Read more...]
MV Werften stops production for four weeks
German shipbuilder MV Werften has stopped production at its yardsin Wismar, Rostock and Stralsund, as the coronavirus pandemic spreads in Europe. On 22nd March, the three shipyards halted their current ship construction projects for four weeks, which mainly [Read more...]