Finance

Richard Branson’s Virgin Voyages has received $550 mill in new capital to support its growth. The funding was led by BlackRock and includes new external financing and additional capital from existing investors, including Bain Capital Private Equity and Virgin Group. Virgin Voyages [Read more...]

Royal Caribbean Group ((RCL) has closed its private offering of $1,250,000,000 aggregate principal amount of 11.625% senior unsecured notes, due 2027 The Notes will mature on 15th August, 2027 unless earlier redeemed or repurchased. They will be issued under an Indenture, dated 18th August, [Read more...]

UK-based law firm Watson Farley & Williams (WFW) has advised at least two cruise ship operators on finance recently. First, the Royal Caribbean Group ((RCL) was advised on the acquisition and financing of the luxury expedition cruise ship [Read more...]

Norwegian Cruise Line Holdings (NCLH) has reported a GAAP net loss of $509.3 mill or EPS of minus $1.22 for the second quarter of this year, compared to net loss of $717.8 mill or EPS of minus $1.94 [Read more...]

Italian cruise ship and naval shipbuilder, Fincantieri, saw revenues grow by 16% to €3,510 mill in the first half of this year, compared to €3,026 mill for 1H21. However, the group suffered a net loss of €234 mill [Read more...]

Tallink Grupp has reported a strong recovery in passenger numbers after the end of COVID related travel restrictions leading to a profit in the last month of the second quarter of this year. However, the recovery and results [Read more...]

Royal Caribbean Group (RCL) has reported a second quarter 2022 net loss of $0.5 bill and loss per share of $2.05. However, RCL said that the results were meaningfully ahead of the company's expectations driven by accelerating and strong close-in demand, [Read more...]

Finnish ferry and logistics company, Finnlines has reported revenue of €356.9 mill for the first half of this year, compared with €270.8 mill in 1H21, an increase of 32%. EBITDA was €97.7 mill, compared with €71 mill in [Read more...]

Lindblad Expeditions Holdings second quarter 2022 tour revenues were $90.9 mill an increase of $75.6 mill, compared to the same period in 2021. The increase was driven by a $57.3 mill rise at the Lindblad segment and a $18.3 mill hike at the Land Experiences [Read more...]

Danish ferry and logistics company, DFDS has raised its EBITDA forecast for this year to DK4.4-4.8 bill from DKK3.9-4.4 bill. The revenue growth prediction was also increased to around 35% from about 30%. DFDS’ outlook for 2022 has [Read more...]