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


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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|

Cruise brands help TUI reduce losses

In the first quarter of this fiscal year, the TUI Group reported revenue of €2.37 bill, around five times higher than in the previous year’s 1Q figure of €468 mill. The seasonal loss was significantly reduced - underlying [Read more...]

February 12th, 2022|

Genting fallout – Crystal closes

Reports are circulating that Crystal Cruises has finally closed its doors. Personnel were thought to have left the company by the end of last week in the wake of parent Genting’s insolvency. It was thought that V.Ships Leisure [Read more...]

February 12th, 2022|

DFDS turns the corner

Copenhagen-based logistics and transport group DFDS reported fourth quarter 2021 revenue increased 46% to DKK5.5 bill. This rise was driven by the acquisition of HSF Logistics Group, higher revenue from bunker surcharges and a doubling of passenger revenue [Read more...]

February 12th, 2022|