By Christopher Palmeri (Bloomberg) Carnival, Royal Caribbean, and Norwegian Cruise Line all tumbled in Tuesday trading as Hurricane Irma threatened to do to the hub of the cruise industry what Harvey did to the nation’s oil and gas capital last week. Hurricane Irma, a Category 5 storm, is on a path that could take it through the heart of the Caribbean, bringing winds of as … [Read more...]
Norwegian Cruise Line Hires Lifeguards After Multiple Child Deaths
Norwegian Cruise Line (NCL) today announced that the line will begin employing certified lifeguards at all of the family pools across their fleet. The need for Lifeguards aboard cruise ships was first highlighted in the a highly controversial expose gCaptain published in 2013. Disney Cruises was the first large ship operator to hire lifeguards several … [Read more...]
Norwegian Cruise Lines Places 3.2 Billion Euro Ship Order at Fincantieri
Norwegian Cruise Line Holdings has placed an order for four new next-generation cruise ships at Italian shipbuilder Fincantieri for the NCL brand. The order includes options for 2 additional ships. The value of each ship is approximately 800 million euros, making the contract worth a minimum of 3.2 billion euros. Delivery is scheduled for 2022, 2023, 2024, and 2025, and … [Read more...]
Norwegian Cruise Line to Keep Fuel Prices at Bay With Hedges
By Robert Tuttle (Bloomberg) -- When ship fuel prices sank to the lowest depths on record in January, Norwegian Cruise Line Holdings Ltd. was mindful not to miss the boat. The company used swaps on fuel oil and marine diesel to hedge, or lock in the price, for nearly all of its 2016 demands. The cruise ship operator had hedged 92 percent of its fuel purchases for this … [Read more...]
Norwegian Cruise Line Takes Delivery of New Flagship
Norwegian Cruise Line on Thursday took delivery of its largest ship to date, the 164,600 gross ton Norwegian Escape. The delivery from German-shipbuilder Meyer Werft took place during a ceremony in Bremerhaven, Germany following a building period of just 17 months. Norwegian Escape is the first ship in the company's new Breakaway Plus Class, the largest and most … [Read more...]