Issue #

246

|

Volume

16

March 26, 2021

In this Issue

Here are some of the news articles we are following:

  • Cruise Lines Under Pressure to Significantly Raise Ticket Prices
  • Norwegian Cruise Line Status Update
  • UK domestic cruises ‘given May 17 green light’
  • The Last Five Cruise Ship Secondhand Transactions
  • Carnival Cruise Line: Latest Restart Dates by Ship
  • Alaska’s Cruise Season May Not Be Dead After All
  • Lindblad Confident of June Start in Alaska, Iceland and the Galapagos
  • Royal Caribbean Extends Suspension of Cruising Apart from 4 Ships
  • Suite Life: Storylines Promises More Affordable Way to Live on A Cruise Ship
  • In a bid to restart sailings, this cruise line just announced trips exclusively around the Bahamas

Cover Image by:

Photo by Uta Scholl on Unsplash

Cruise Lines Under Pressure to Significantly Raise Ticket Prices

Cruise companies may be eyeing a significant increase to ticket prices in the near future as demand surges and sailings sell out in record time. “Wall Street is not happy,” said one source familiar with the situation. “If cruises are flying off the shelves, the message from big investors has been to raise prices if inventory is selling too quickly … the companies are leaving too much money on the table.” Cruise lines have widely reported strong pent-up demand and record sales volumes in media announcements, leading to a backlash from the investment community. Carnival said sales were solid due to pent up demand in late February, and a few weeks earlier, Oceania saw its world cruise sell out in a single day. Victory Cruise Lines and American Queen Steamboat said that January and February 2021 bookings are over 35 percent higher than November and December 2020 bookings, according to a press release. The story is also good at Royal Caribbean Group, with bookings up 30 percent.

Read more

 

Norwegian Cruise Line Status Update

Here are the main moves that have taken place for Norwegian Cruise Line since March 2020:

Unaffected Orderbook:  In May, Norwegian said that delays in newbuild deliveries are to be expected due to the effects of COVID-19 on shipyards. So far, however, none of the company’s new ships has been officially pushed back.  After receiving the Norwegian Encore in 2019, the company’s displaced capacity growth strategy saw its next newbuild scheduled for delivery in 2022, with the first Leonardo Project vessel, which is one of six. Not Selling Ships: Norwegian has not sold any ships off its fleet during the pandemic. Commenting on the subject, Norwegian Cruise Line Holdings' CEO said that his company already has a young fleet, and no sales are in the plans. Healthy Sail Panel with Royal Caribbean: In July, Norwegian Cruise Line Holdings partnered with the Royal Caribbean Group to create enhanced cruise health and safety standards. According to the company, the new protocols were planned as a response to the global COVID-19 pandemic and would achieve the readiness for the safe resumption of operations. Together, the companies created a group of experts, called the “Healthy Sail Panel.” In September, they revealed a 65-plus-page report detailing 74 best practices to protect the public health and safety of guests, crew and the communities where cruise ships call. 

Read more….

 

UK domestic cruises ‘given May 17 green light’

UK cruise lines will be able to restart domestic sailings on May 17, maritime minister Robert Courts has told a group of MPs.

Read more…


Disclaimer: The views expressed in the articles above are those of the authors' and do not necessarily represent or reflect the views of this e-Newsletter

Having trouble reading?

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Issue #

246

|

Volume

16

March 26, 2021

In this Issue

Here are some of the news articles we are following:

  • Cruise Lines Under Pressure to Significantly Raise Ticket Prices
  • Norwegian Cruise Line Status Update
  • UK domestic cruises ‘given May 17 green light’
  • The Last Five Cruise Ship Secondhand Transactions
  • Carnival Cruise Line: Latest Restart Dates by Ship
  • Alaska’s Cruise Season May Not Be Dead After All
  • Lindblad Confident of June Start in Alaska, Iceland and the Galapagos
  • Royal Caribbean Extends Suspension of Cruising Apart from 4 Ships
  • Suite Life: Storylines Promises More Affordable Way to Live on A Cruise Ship
  • In a bid to restart sailings, this cruise line just announced trips exclusively around the Bahamas

Cover Image by:

Photo by Uta Scholl on Unsplash

Cruise Lines Under Pressure to Significantly Raise Ticket Prices

Cruise companies may be eyeing a significant increase to ticket prices in the near future as demand surges and sailings sell out in record time. “Wall Street is not happy,” said one source familiar with the situation. “If cruises are flying off the shelves, the message from big investors has been to raise prices if inventory is selling too quickly … the companies are leaving too much money on the table.” Cruise lines have widely reported strong pent-up demand and record sales volumes in media announcements, leading to a backlash from the investment community. Carnival said sales were solid due to pent up demand in late February, and a few weeks earlier, Oceania saw its world cruise sell out in a single day. Victory Cruise Lines and American Queen Steamboat said that January and February 2021 bookings are over 35 percent higher than November and December 2020 bookings, according to a press release. The story is also good at Royal Caribbean Group, with bookings up 30 percent.

Read more

 

Norwegian Cruise Line Status Update

Here are the main moves that have taken place for Norwegian Cruise Line since March 2020:

Unaffected Orderbook:  In May, Norwegian said that delays in newbuild deliveries are to be expected due to the effects of COVID-19 on shipyards. So far, however, none of the company’s new ships has been officially pushed back.  After receiving the Norwegian Encore in 2019, the company’s displaced capacity growth strategy saw its next newbuild scheduled for delivery in 2022, with the first Leonardo Project vessel, which is one of six. Not Selling Ships: Norwegian has not sold any ships off its fleet during the pandemic. Commenting on the subject, Norwegian Cruise Line Holdings' CEO said that his company already has a young fleet, and no sales are in the plans. Healthy Sail Panel with Royal Caribbean: In July, Norwegian Cruise Line Holdings partnered with the Royal Caribbean Group to create enhanced cruise health and safety standards. According to the company, the new protocols were planned as a response to the global COVID-19 pandemic and would achieve the readiness for the safe resumption of operations. Together, the companies created a group of experts, called the “Healthy Sail Panel.” In September, they revealed a 65-plus-page report detailing 74 best practices to protect the public health and safety of guests, crew and the communities where cruise ships call. 

Read more….

 

UK domestic cruises ‘given May 17 green light’

UK cruise lines will be able to restart domestic sailings on May 17, maritime minister Robert Courts has told a group of MPs.

Read more…


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March 26, 2021

Cruise Lines Under Pressure to Significantly Raise Ticket Prices

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