Fjord Line returns to normal

Norwegian ropax operator Fjord Line enjoyed a record high season turnover last year.   Following two years of travel restrictions, Fjord Line resumed its scheduled operations between Norway, Denmark and Sweden in March, 2022, having operated a freight only service in 1Q22.   For 2022, [Read more...]

2023-07-30T17:09:49+00:00 July 30th, 2023|Finance|

Lindblad reports increases in each segment

Lindblad Expeditions Holdings has reported second quarter 2023 tour revenues of $124.8 mill an increase of $33.9 mill, or 37%,  compared to the same period in 2022. The increase was driven by a $23.4 mill increase at the Lindblad segment and a $10.5 mill increase at the Land Experiences sector. Lindblad segment [Read more...]

2023-07-29T10:45:49+00:00 July 29th, 2023|Finance|

RCL turns the corner

Royal Caribbean Group (RCL) has reported second quarter earnings per share (EPS) of $1.70 and adjusted EPS of $1.82. These results were significantly better than the company's guidance, due to stronger pricing on closer-in demand and further strength in on board revenue, RCL said. As a result of [Read more...]

2023-07-29T10:44:22+00:00 July 29th, 2023|Finance|

WFW advises CSSC on two large ropaxes

Watson Farley & Williams (WFW) has advised CSSC (Hong Kong) Shipping Co regarding two luxury ropaxes, ‘Moby Fantasy’ and ‘Moby Legacy’, operated by Italian ferry company, Moby. Both vessels were built by China’s Guangzhou Shipyard International and are currently the world's largest luxury ropaxes. ‘Moby [Read more...]

2023-07-19T19:19:43+00:00 July 19th, 2023|Finance|

Carnival Corp reaches inflection point

Carnival Corp has reported a US GAAP net loss of $407 mill, or $(0.32) diluted EPS, and adjusted net loss of $395 mill, or $(0.31) adjusted EPS, for the second quarter of this year. This was above the better end of the March guidance range of $425 to $525 mill net loss, the Group said. Adjusted [Read more...]

2023-06-30T16:40:41+00:00 June 30th, 2023|Finance|

Scandlines enjoys a rebound in traffic

Baltic ferry operator, Scandlines generated higher annual revenue and results after car and shopping traffic rebounded in 2022. Scandlines said that it continued to make headway in 2022, as the impact of COVID-19 eased and travel restrictions were lifted earlier in the year. Volumes grew [Read more...]

2023-06-30T16:29:31+00:00 June 30th, 2023|Finance|

PONANT breaks booking record

NT breaks booking record In the first three months of 2023, PONANT posted its best quarterly bookings results since the company was launched 35 years ago. The previous record was surpassed by 30%. The number of bookings in 1Q23 was 80% higher than in 1Q19, [Read more...]

2023-05-26T19:11:43+00:00 May 26th, 2023|Finance|