Cruises ships are seen docked at Miami port as the tourism industry is affected by the spread of the coronavirus disease (COVID-19), in Miami, Florida, U.S., March 18, 2020. REUTERS/Carlos Barria By Helen Coster and Joshua Franklin NEW YORK, May 7 (Reuters) - Norwegian Cruise Line Holdings Ltd's $3.5 billion in cash on hand will be enough to bankroll the company for "at … [Read more...]
Norwegian Cruise Line Secures $2.2 Billion in Survival Funds
Photo: MarineTraffic.com/Gerd Frick May 6 (Reuters) - Norwegian Cruise Line Holdings Ltd has raised over $2.2 billion through debt and equity offerings, giving the cash-strapped cruise operator much-needed funds to survive extended voyage suspensions due to the COVID-19 pandemic. The company warned on Tuesday that it might not have funds to keep its business running … [Read more...]
Norwegian Cruise Line Seeking $2 Billion to Survive Industry Shutdown
FILE PHOTO: Cruise ships are seen docked at Miami port as the tourism industry is affected by the spread of the coronavirus disease (COVID-19), in Miami, Florida, U.S., March 26, 2020. REUTERS/Carlos Barria/File Photo By Paula Seligson, Jonathan Levin and Crystal Tse (Bloomberg) -- Norwegian Cruise Line Holdings Ltd. is pledging ships and two islands as part of a plan to … [Read more...]
Norwegian Cruise Line Flags ‘Going Concern’ Over Ability to Stay Afloat
NCL's Norwegian Breakaway. File Photo: Norwegian Cruise Line By Nivedita Balu and Helen Coster May 5 (Reuters) - Norwegian Cruise Line Holdings Ltd , the world's third-largest cruise operator, raised doubts about its ability to keep running as a business on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis. The company's shares … [Read more...]
Norwegian Cruise Line to Furlough 20% of Workforce
Photo by John Konrad By Jonathan Levin (Bloomberg) -- Norwegian Cruise Line Holdings Ltd. is furloughing about 20% of its workforce through the end of July after the coronavirus pandemic prompted the cruise industry to stop sailing. The furloughs affect shoreside U.S. workers and some international offices, according to an emailed statement Wednesday. “The ongoing … [Read more...]