More layoffs and furloughs announced

As part of cost saving measures, on 15th May, Lindblad Expeditions, furloughed about 130 employees, while 55 others  received a reduction in workload of at least 50%. Furloughed employees will continue to be provided with health care benefits through at least 30th September, 2020, with [Read more...]

2020-05-29T08:17:24+00:00 May 29th, 2020|Marketing|

Silversea provides an operational update

In media briefings last week, Silversea's President and CEO, Roberto Martinoli (pictured) and Barbara Muckermann, Silversea Cruises Chief Marketing Officer, gave a rundown of the company’s response to COVID-19. Talking about newbuildings, they said that the 596 pax ‘Silver Moon’, a sistership to flagship ‘Silver [Read more...]

2020-05-29T08:09:47+00:00 May 29th, 2020|Marketing|

Carnival to slash workforce

To further strengthen its liquidity, Carnival Corp and its brands are to introduce layoffs, furloughs, reduced work weeks and salary reductions across the company, including for senior management. These moves will contribute hundreds of millions of dollars in cash conservation on an annualised basis, the [Read more...]

2020-05-16T10:49:53+00:00 May 16th, 2020|Marketing|

Damen Ferries marks 20 years

Damen Shipyards Group’s ferries division has celebrated its 20th anniversary. At the start of the new millennium, Damen incorporated its activities in the waterborne public transport sector into a dedicated department. The story of the product group started just before the year 2000, when Damen’s [Read more...]

2020-05-16T10:10:03+00:00 May 16th, 2020|Marketing|

Viking Line issues update

As a result of the Finnish government’s 4th May decision to gradually ease some of the restrictions related to the virus, starting 14th May Viking Line will reopen a passenger service for essential traffic. This includes travel for work and other travel as defined by [Read more...]

2020-05-16T09:59:29+00:00 May 16th, 2020|Marketing|

New website for MedCruise

MedCruise has launched a new website for its members and partners, highlighting the importance of adapting its systems to the new times. The Association has designed a tailored user-friendly online tool, which fits all devices (responsive). Among other technical updates, the new online platform offers [Read more...]

2020-05-16T09:44:17+00:00 May 16th, 2020|Marketing|

Speedcast opts for Chapter 11

Cruise ship satcoms provider, Speedcast International Limited has initiated a voluntary financial restructuring under Chapter 11 of the US Bankruptcy Code. This came after the company evaluated a variety of options to strengthen its balance sheet in ways that support its long-term growth and success. [Read more...]

2020-05-16T09:26:48+00:00 May 16th, 2020|Marketing|

New suspension extensions

Due to the continued global pandemic outbreak, various government advisories still in force and the lockdown of many countries and ports worldwide, several cruise operators have announced extensions to their operational suspension policies. For example, Cruise & Maritime Voyages (CMV) has extended the suspension of [Read more...]

2020-05-15T14:54:50+00:00 May 15th, 2020|Marketing|

Royal Caribbean to raise $3.3 bill

To shore up its liquidity, Royal Caribbean Cruises has instigated a private offering of $1 bill aggregate principal amount of 10.875% Senior Secured Notes due 2023 and $2.32 bill aggregate principal amount of 11.500% Senior Secured Notes due 2025. The $1 bill notes will mature [Read more...]

2020-05-15T14:06:16+00:00 May 15th, 2020|Finance, Marketing|