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Frank Del Rio knows what the standard worry among cruise industry investors is these days: that a recession might loom as the global fleet is growing, potentially leading to costly new ships with a public too cash-strapped to sail on them. (skift.com)
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Norwegian Cruise Line Holdings Ltd. (NCLH), the world’s third largest cruise shipping group, said that its three brands – Norwegian Cruise Line in the contemporary market, Oceania Cruises in the premium sector and Regent Seven Seas in the luxury segment – continue to enjoy strong demand. (cruisebusiness.com)
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Norwegian Cruise Line Holdings today (April 26, 2018) celebrated the groundbreaking of the new and dedicated Norwegian Cruise Line terminal at PortMiami. The Miami-Dade County Board of Commissioners approved the project on April 10, 2018, with construction beginning May 1. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings has published its 2017 Stewardship Report. The report highlights the company’s progress in minimizing waste to landfill, investing in emerging technologies and reducing CO2 emissions as well as the impactful environmental partnerships established with the Guy Harvey Ocean Foundation and the Alaska Raptor Center and its work with Nova Southeastern University’s Oceanographic Center in coral reef restoration. (cruiseindustrynews.com)
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Star NCLC, a wholly-owned subsidiary of Genting Hong Kong, plans to sell the 3.148 million shares in Norwegian Cruise Line Holding, Ltd (NCLH). (cruisebusiness.com)
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A sleek new terminal proposed by Norwegian Cruise Line Holdings at PortMiami has officially gotten the green light to begin construction. (miamiherald.com)
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Norwegian Cruise Line Holdings Ltd., a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today unveiled the design of the new and dedicated Norwegian Cruise Line terminal at PortMiami. (more…)
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Speaking on Norwegian Cruise Line Holdings’ year-end and fourth quarter conference call, President and CEO Frank del Rio remained bullish on his company’s year-round China operation with the 2017-built Norwegian Joy. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings Ltd., a leading global cruise company that operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today announced it has met the company’s goal of raising $2.5 million for the Hope Starts Here hurricane relief program. (more…)
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Wendy Beck, executive vice president and CFO of Norwegian Cruise Line Holdings (NCLH), is leaving the company to pursue other career opportunities, according to a prepared statement from NCLH. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings today announced what it called “enhancements to the organizational structure of its Asia Pacific operations that will enable it to further leverage the extensive corporate resources and expertise already in place in the region and continue to strengthen its presence in the Chinese cruise market.” (cruiseindustrynews.com)
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Nisomar, the data-driven maritime services company, with port agency at its core, has confirmed a new launch services partnership agreement with Norwegian Cruise Line Holdings, parent company of Norwegian Cruise Line, Regent Seven Seas Cruises and Oceania Cruises for the 2017/18 cruise season in Chile. (more…)
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For the past week, it has been a battle of the former Norwegian Cruise Line Holdings CEOs. In a weeklong jury trial, former cruise chief Colin Veitch argued that his successor, Kevin Sheehan, withheld payments from Veitch and made allegedly defamatory statements about him in the media. (Sheehan also has departed the line.) Veitch sought $95 million in damages. (miamiherald.com)
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Norwegian Cruise Line Holdings (NCLH) has no plans to make adjustments in China, and NCLH China President David J. Herrera made it clear where the company stands in a speech at this week’s China Cruise Shipping event in Sanya. (cruiseindustrynews.com)
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The November 11 departure of Norwegian Gem has been canceled as a result of engine trouble that is slowing down the ship’s speed. (cruisecritic.com)
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Norwegian Cruise Line, the contemporary market unit in the Norwegian Cruise Line Holding, Ltd group, said it is splitting its Europe Middle East Africa (EMEA) business into two markets. (cruisebusiness.com)
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Apollo Global Management, LLC, the Genting Hong Kong owned Star NCLC Holdings Ltd. and certain funds affiliated with TPG Global, LLC intend to sell 15 million shares in Norwegian Cruise Line Holdings lts, the world’s third largest cruise shipping company. (cruisebusiness.com)
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Norwegian’s results are more evidence that the cruise industry is booming despite the downturn in the up-and-coming China market. By using language like “the stars aligned,” however, executives sound like they’re trying to lower expectations that the good luck will stick around. (skift.com)
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Cruise Industry News takes a look at the financial performance of the “big three” following the second quarter of 2017.
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The Port of Seattle and Norwegian Cruise Line Holdings Ltd. (NCLH) showcased the new Bell Street Cruise Terminal at the Port’s Pier 66 building in a grand celebration today, May 23. (more…)
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Cruise Industry News takes a look at the financial performance of the “big three” following the first quarter of 2017.
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“The two companies will leverage Norwegian’s expertise in providing exceptional vacation experiences and its innovative and award-winning cruise offerings along with Alibaba’s unparalleled insights into the wants and needs of the Chinese consumer to deliver the cruise industry’s most-customized product for the local China market,” said a press release. (cruiseindustrynews.com)
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PortMiami is moving forward to construct a brand new $100 million cruise terminal (Terminal B) for Norwegian Cruise Line Holdings, which will get preferential use of the terminal. The new Terminal B will be able to handle two megaships, according to a resolution approved by Miami-Dade county. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings Ltd. (NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today (24 Apr.) released its 2016 Environmental Report and unveiled its global environmental program, ‘Sail & Sustain’, in observance of Earth Day. (finance.yahoo.com)
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The China Cruise and Yacht Industry Association (CCYIA), which oversees the cruise business in China, has signed a Memorandum of Understanding with Norwegian Cruise Line Holdings. (cruiseindustrynews.com)
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Global Eagle Entertainment Inc. has signed a multi-year strategic partnership agreement with Norwegian Cruise Line Holdings (NCLH) to enhance internet and entertainment services across its Norwegian Cruise Line (NCL) brand’s fleet of 14 ships. (globenewswire.com)
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Norwegian Cruise Line Holdings (NCLH) just became the latest cruise company to report a strong start to 2017, describing its 2017 booked position as a “historic high.” That’s from its new earnings report for the fourth quarter and full year 2016, which the line just released. (travelagentcentral.com)
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Norwegian Cruise Line Holdings will design its 2019 newbuild for the Chinese market, according to President and CEO Frank del Rio, speaking on the company’s fourth quarter and full-year earnings call on Wednesday, Feb 22. (cruiseindustrynews.com)
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Genting Hong Kong, the rapidly expanding Hong Kong based cruise shipping group, has warned that it will report a deep loss for 2016 due to depreciation of assets for sale and start up costs of its dream Cruise premium market brand plus MV-Werften shipyards in Germany. (cruisebusiness.com)
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Norwegian Cruise Line Holdings announced that Stella David will be appointed to its Board of Directors as a new independent member, as of January 1, 2017. (cruiseindustrynews.com)
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NCL Corporation, a subsidiary of Norwegian Cruise Line Holdings, announced that it is proposing to sell $700.0 million aggregate principal amount of senior unsecured notes due 2021 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. (cruiseindustrynews.com)
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Custom Business Solutions (CBS) announced it had installed its NorthStar point-of-sale system on Harvest Caye, Norwegian Cruise Line Holding’s newest private destination. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings reported financial results for the third quarter ended September 30, 2016, and provided guidance for the fourth quarter and full year 2016. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings (NCLH), parent company of Regent Seven Seas Cruises, Oceania Cruises and Norwegian Cruise Line, has been named the winner of Landry & Kling’s first “MICE Cruise Line Partner of the Year” award. (travelagentcentral.com)
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Italian media reports claim that Fincantieri is poised to land a major ship order from Norwegian Cruise Line Holdings. Affaritaliani.it, an online Italian newspaper based in Milan, reports that the order will be for six megaships with deliveries of the 130,000-ton vessels starting in 2022. (cruiseindustrynews.com)
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“One of the advantages of running a small cruise line, like we do, with just 25 ships, is that we can still share ideas and implement the best practices in a very simplistic, non-bureaucratic manner,” said Frank del Rio, president and CEO of Norwegian Cruise Line Holdings (NCLH), in a press conference at China Cruise Shipping. (cruiseindustrynews.com)
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Not wanting to be overshadowed by its bigger competitors, at the China Cruise Shipping Conference and Expo (CCS 11) Norwegian Cruise Line Holdings, Ltd (NCLH) is pushing its boat out, relentlessly promoting its brands and showcasing its new ship, the Norwegian Joy, to the Chinese market. (cruisebusiness.com)
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With Norwegian Cruise Line Holdings (NCLH) stock prices just off a 52-week low, President and CEO Frank Del Rio acquired more NCLH common stock, according to an August 31, 2016 filing with the U.S. Securities and Exchange Commission (SEC). (cruiseindustrynews.com)
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Second quarter earnings calls from Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Line Holdings painted a differing picture of Caribbean capacity concerns. (cruiseindustrynews.com)
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Norwegian Cruise Line Holdings, Ltd, (NCLH) the world’s third largest cruise shipping group, has reported a fall in second quarter net profit on higher operating expenses, but the profit rose in the first half of the year. (cruisebusiness.com)
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