Tallink enjoys near 50% revenue increase

In the third quarter of this year, Tallink Grupp and its subsidiaries carried 1, 893, 603 pax, a rise of 65.5% on the third quarter of last year’s figures. The number of cargo units transported increased by 13.1%. Tallink’s unaudited consolidated revenue increased by 49.9% or [Read more...]

2022-10-28T14:08:35+00:00 October 28th, 2022|Finance|

Carnival Corp increases senior priority notes issue

Carnival Corp’s subsidiary, Carnival Holdings (Bermuda) Limited has priced the private offering of $2.03 bill aggregate principal amount of 10.375% Senior Priority Notes, due 2028. The total amount of senior priority notes to be issued was increased to $2.03 bill from $1.25 bill recently, due to strong investor demand. Carnival said that it [Read more...]

2022-10-28T13:36:35+00:00 October 28th, 2022|Finance|

Carnival’s EBITDA turns positive

Carnival Corp reported a US GAAP net loss of $770 mill and an adjusted net loss of $688 mill for the third quarter of 2022. However, adjusted EBITDA turned positive for the first time since the resumption of cruising at over $300 mill, marking a significant milestone, Carnival claimed. Revenue increased [Read more...]

2022-10-13T17:45:24+00:00 October 13th, 2022|Finance|

ANEK hit by high fuel costs

ANEK lines, the subject of a takeover by Attica, reported an increase in group turnover to €74.2 mill for the first half of this year, compare with €58.2 mill for 1H21. However, costs increased to €81.8 mill, versus €55.6 mill, mainly due to the fuel [Read more...]

2022-10-13T17:40:23+00:00 October 13th, 2022|Finance|

Attica to takeover ANEK

Greek ferry company Attica Holdings is to takeover rival ferry company ANEK. Attica’s largest creditors and ANEK shareholders representing 57.7% of the total share capital have agreed to the deal. The exchange will consist of one common or preferred ANEK share for 0.1217 new common [Read more...]

2022-09-28T19:28:23+00:00 September 28th, 2022|Finance|

Royal Caribbean to raise $1 bill

Royal Caribbean has commenced a private offering of senior guaranteed notes, due 2029. The aggregate principal amount will be $1 bill and a concurrent private offering of senior secured notes, due 2029 and, collectively with the senior guaranteed notes, for an aggregate principal amount of $1 bill. RCI [Read more...]

2022-09-28T19:26:44+00:00 September 28th, 2022|Finance|

Havila refinances fleet

Havila Kystruten has signed term sheets with lenders to refinance its fleet. In addition, the company revealed dates for the deliveries of the the latest ships, ‘Havila Polaris’ and ‘Havila Pollux’. The new finance totals €370 mill and covers payment to the Tersan shipyard upon [Read more...]

2022-09-28T19:21:34+00:00 September 28th, 2022|Finance|

ICG sees major revenue improvement

Irish Ferries’ owner, Irish Continental Group (ICG) reported a major improvement in revenue for the first half of this year. Revenue was €263.1 mill, a rise of 85.8% over the previous year’s revenue. EBITDA was up by 272.4% to €47.3 mill. Operating profit was €17.4 [Read more...]

2022-09-12T22:20:37+00:00 September 12th, 2022|Finance|