Finance 2018-03-01T10:04:38+00:00


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Finnlines sees increased revenues

Finnlines has reported a revenue increase and a result improvement for 2021. Emanuele Grimaldi, President and CEO, said in the review: “The Finnlines Group recorded revenue totalling €579.9 mill (€484 mill in 2020) in the reporting period, an increase [Read more...]

March 13th, 2022|

Invictus invests in DeCurtis

DeCurtis Corp, a provider of location and proximity-based software to the travel, including cruise and hospitality, industries, has received a substantial investment from Invictus Global Management. The company provides software solutions across the cruise line, theme park, hospitality, [Read more...]

March 13th, 2022|

Crystal collapse – advice for US passengers

Crystal Cruises filed a petition for Assignment for the Benefit of Creditors in Florida state court/Miami-Dade County on 11th February, 2022, according to the US Federal Maritime Commission (FMC). Crystal maintained an escrow account in compliance with FMC [Read more...]

February 26th, 2022|

NCLH’s losses increase

Norwegian Cruise Line Holdings (NCLH) reported a GAAP net loss of $4.5 bill or EPS of minus $12.33 for 2021, compared to a net loss of $4 bill or EPS of minus $15.75 for the previous year. The [Read more...]

February 26th, 2022|

Viking Line reports revenue increase

Leading Finnish-based ferry operator Viking Line has posted an increase of sales for 2021 to €258.2 mill from €188.8 mill in the previous year. Income after taxes amounted to €24.4 mill, compared with a negative €42.3 mill in [Read more...]

February 25th, 2022|

Tallink Grupp halves loss

Tallink Grupp has reported an unaudited net loss of €56.6 mill for 2021, compared with a net loss of €108.3 mill for 2020. The Group enjoyed a strong second half of the year, resulting in a marginal net [Read more...]

February 25th, 2022|

RCL remains positive despite heavy losses

Royal Caribbean Group (RCL) reported US GAAP net loss of $5.3 bill or $20.89 per share for 2021, compared to $5.8 bill or $27.05 per share in the previous year. RCL also reported an adjusted net loss of $4.8 bill or $19.19 per share for the full year, compared [Read more...]

February 12th, 2022|

NCLH takes steps to improve liquidity

Last week, Norwegian Cruise Line Holdings (NCLH) provided a business update on the impacts of COVID-19 and on its continued resumption of cruise operations. In the third quarter of 2021, NCLH began a phased relaunch of cruise operations [Read more...]

February 12th, 2022|