Finance

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 [Read more...]

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 [Read more...]

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 [Read more...]

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 [Read more...]

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 [Read more...]

Finnish ferry company, Viking Line has reported strong sales amounting to €199.8 mill for the first half of this year, compared to €71.5 mill for 1H21. However, 1H22 income after taxes was a negative €9.8 mill, compared with [Read more...]

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% [Read more...]

Norwegian-based ferry company Color Line's operating income was NOK2.2 bill and the operating profit was NOK 238 mill for the first half of this year. This was described as being in line with a normal pre-pandemic year, despite [Read more...]

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 [Read more...]

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 [Read more...]