Finance

Supplier of survival and safety solutions to the cruise industry, Survitec has completed a £15 mill Bank Guarantee Facility with Barclays Corporate Banking. This bank guarantee complements the company’s recently announced £270 mill refinancing package, as well as [Read more...]

Havila Kystruten has issued a private placement consisting of a primary offer of 17,650,000 to 19,650,000 new shares issued by the company to raise gross proceeds of around NOK450 to 500 mill. The Norwegian coastal cruise ship company [Read more...]

Corp has reported a US GAAP net loss of $2.1 bill and an adjusted net loss of $2 bill for the second quarter of 2021. At the end of 2Q21, the group had $9.3 bill of cash and short-term [Read more...]

The German Economic Stabilisation Fund (ESF) has acted positively to cruise ship builder MV WERFTEN’s request for interim aid. During the past few months, Genting subsidiary MV WERFTEN, together with representatives of the German federal and regional governments, [Read more...]

Carnival Corp had syndicated the repricing of its first-priority senior secured term loan facility. This consists of a tranche in an original aggregate principal amount of $1,860 mill and a tranche in an original aggregate principal amount of [Read more...]

In the first quarter 2021, Cruise shipbuilder Fincantieri reported revenues and income, of €1,426 mill, excluding pass-through activities of €222 mill, an increase of 9.1%, compared to the same quarter of 2020. 1Q21 production volumes exceeded those reported in [Read more...]

Independent cruise port operator, Global Ports Holding (GPH) and affiliates of Sixth Street, a global investment firm, have entered into a $261 mill financing arrangement. This new investment from Sixth Street will strengthen GPH’s balance sheet and provide [Read more...]

Norwegian Cruise Line Holdings Ltd (NCLH) has reported a GAAP net loss of $1.4 bill or EPS of minus $4.16 for the first quarter of this year, compared to net loss of $1.9 bill or EPS of minus [Read more...]

Royal Caribbean (RCI) reported a US GAAP net loss for the first quarter of 2021 of $1.1 bill or a negative $4.66 per share, compared to a net loss of $1.4 bill or a negative $6.91 per share [Read more...]

Lindblad Expedition Holdings has reported a decrease in first quarter tour revenues of $79.5 mill, or 98%, compared to the same period in 2020. The decline was driven by a $69.1 mill drop at the Lindblad segment and [Read more...]