UK-based law firm Watson Farley & Williams (WFW) has advised at least two cruise ship operators on finance recently. First, the Royal Caribbean Group ((RCL) was advised on the acquisition and financing of the luxury expedition cruise ship ‘Crystal Endeavor’ (since renamed ‘Silver Endeavour’), as [Read more...]
Norwegian Cruise Line Holdings (NCLH) has reported a GAAP net loss of $509.3 mill or EPS of minus $1.22 for the second quarter of this year, compared to net loss of $717.8 mill or EPS of minus $1.94 for the same period of 2021. Adjusted [Read more...]
Italian cruise ship and naval shipbuilder, Fincantieri, saw revenues grow by 16% to €3,510 mill in the first half of this year, compared to €3,026 mill for 1H21. However, the group suffered a net loss of €234 mill but saw the first signs of a [Read more...]
Tallink Grupp has reported a strong recovery in passenger numbers after the end of COVID related travel restrictions leading to a profit in the last month of the second quarter of this year. However, the recovery and results were impacted by continuing geopolitical and economic [Read more...]
Royal Caribbean Group (RCL) has reported a second quarter 2022 net loss of $0.5 bill and loss per share of $2.05. However, RCL said that the results were meaningfully ahead of the company's expectations driven by accelerating and strong close-in demand, further improvement in on board revenue and [Read more...]
Finnish ferry and logistics company, Finnlines has reported revenue of €356.9 mill for the first half of this year, compared with €270.8 mill in 1H21, an increase of 32%. EBITDA was €97.7 mill, compared with €71 mill in 1H21, a rise of 38%. For the [Read more...]
Lindblad Expeditions Holdings second quarter 2022 tour revenues were $90.9 mill an increase of $75.6 mill, compared to the same period in 2021. The increase was driven by a $57.3 mill rise at the Lindblad segment and a $18.3 mill hike at the Land Experiences segment, primarily due to the ramp up [Read more...]
Danish ferry and logistics company, DFDS has raised its EBITDA forecast for this year to DK4.4-4.8 bill from DKK3.9-4.4 bill. The revenue growth prediction was also increased to around 35% from about 30%. DFDS’ outlook for 2022 has improved following a strong recovery in passenger [Read more...]
Major cruise shipbuilder Fincantieri has signed a ‘sustainability linked’ revolving credit facility with Italian bank Intesa Sanpaolo (IMI Corporate & Investment Banking Division) for up to €500 mill. The three-year loan is aimed at covering the financial requirements of cruise ship construction. It is defined ‘sustainability-linked’ [Read more...]
Carnival Corp has commenced an underwritten public offering of $1 bill of shares of the company’s common stock. The company also intends to grant the underwriter a 30-day option to purchase up to $150 mill of additional shares of the common stock. Carnival said that it expected to use [Read more...]