Viking Line reports an exceptional year

Similar to 2020, last year was an exceptional year for Viking Line, the company revealed. The operating environment was highly unfavourable, due to the pandemic, as were the economic consequences. At the same time, the company experienced a number of positive events in 2021. For [Read more...]

2022-01-14T19:46:32+00:00 January 14th, 2022|Finance|

Genting hit by shipyard insolvencies

Beleaguered cruise operator Genting Hong Kong’s shares plunged by more than 50% on Thursday after trading in its shares had resumed on the Hong Kong Stock Exchange following a three week halt. This followed warnings in a stock exchange filing, of more defaults, due to [Read more...]

2022-01-14T19:29:13+00:00 January 14th, 2022|Finance|

Viking Line shores up finances

Viking Line has received a temporary exemption from the covenants included in its financing agreement for its new vessel, ‘Viking Glory’ (pictured). The Board, based on an authorisation granted by an Extraordinary General Meeting (EGM) held on 22nd November, 2021, agreed to issue a rights [Read more...]

2021-12-13T21:35:16+00:00 December 13th, 2021|Finance|

DFDS – passenger traffic starts to increase

Danish-based logistics and ferry company DFDS reported a revenue increase of 22% to DKK4.4 bill during the third quarter of this year. This increase was driven by higher freight activity in most business units. However, the quarter’s passenger activity was overall below 2020 but picked [Read more...]

2021-11-27T10:28:53+00:00 November 26th, 2021|Finance|

Viking Line in share issue

At Viking Line’s extraordinary general meeting held on 22nd November, 2021, at Mariehamn, Åland, it was decided to authorise a share issue. Up to 6,480,000 new shares will be issued with pre-emption rights for shareholders at a subscription price of €8 per share. Viking’s shareholders [Read more...]

2021-11-27T10:36:39+00:00 November 26th, 2021|Finance|

NCLH addresses its balance sheet and cash flow

Norwegian Cruise Line Holdings (NCLH) has closed on a series of related balance sheet and cash flow optimisation transactions initiated last week. NCLH claimed that the net result of the transactions is significantly favourable for the company and its shareholders, as it reduces annual interest [Read more...]

2021-11-26T15:20:45+00:00 November 26th, 2021|Finance|