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|

Port Canaveral gets security funding boost

The US Department of Homeland Security’s (DHS) Federal Emergency Management Agency (FEMA) Port Security Grant Programme (PSGP) has awarded $1,941,285 funding for several projects at Port Canaveral, Florida. The funds will be used to protect the cruise port’s critical infrastructure from terrorism and other security threats. [Read more...]

2022-09-12T22:16:43+00:00 September 12th, 2022|Finance|

DFDS benefits from ferry passenger increase

DFDS Group second quarter revenue increased 67% to DKK7 bill, driven by the ongoing recovery in the number of ferry passengers and yields, as well as freight ferry services price increases and logistics solutions. In addition, revenue was boosted by the acquisitions of HSF Logistics [Read more...]

2022-08-27T10:39:46+00:00 August 27th, 2022|Finance|