WFW advises two cruise operators on finance

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...]

2022-08-12T17:21:23+00:00 August 12th, 2022|Finance|

Strong passenger numbers boosts Tallink

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...]

2022-08-12T17:12:59+00:00 August 12th, 2022|Finance|

Finnlines enjoys revenue increase

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...]

2022-08-12T16:58:26+00:00 August 12th, 2022|Finance|

Lindblad reports increased revenues

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...]

2022-08-12T16:52:24+00:00 August 12th, 2022|Finance|

DFDS raises 2022 outlook

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...]

2022-07-23T21:13:52+00:00 July 23rd, 2022|Finance|

Fincantieri signs cruise ship revolving credit facility

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...]

2022-07-23T21:12:35+00:00 July 23rd, 2022|Finance|

Carnival to raise $1 bill

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...]

2022-07-23T20:55:19+00:00 July 23rd, 2022|Finance|