Vessel Performance Key to Secondhand Ship Market for Carnival

Oriana

Carnival Corporation has sold 28 ships since 2006, averaging around two ships per year based on demand in the market.

That number was up in 2018, with the company announcing the exit of four ships overall.

The Pacific Eden was sold to Cruise & Maritime Voyages while the Pacific Jewel will head to Indian start-up Jalesh Cruises.

Holland America Line sold the Prinsendam, which will become the Amera next summer for Phoenix Reisen.

P&O Cruises UK also announced the Oriana will leave the fleet in 2019.

“The practical reality for us is if the ship is relevant to our guests and is delivering a double-digit return on invested capital … we have to invest more in that ship over time. We’ll continue with the ship in the fleet if it’s relevant to the guests and his earning is key if it’s not then the ship will be gone,” said Arnold Donald, president and CEO, on the company’s year-end and fourth quarter earnings call.

The secondhand cruise ship market has historically been highlighted by two to three nine- to eight-figure transactions on an annual basis, according to the Secondhand Market Report by Cruise Industry News.

“And so in terms of there being a robust secondary market, there’s no question, the secondary market has an opportunity not only because the IMO regulations but simply because the ageing of ships that are in the secondary market,” Donald added.

Donald said many operators in the secondhand market were sailing ships that are 40 to 45 years old, and those vessels will need to be replaced.

“So there should be a market for a number of the ships. But at the same time, to drive earnings and return on invested capital, if we had a need to scrap for ships, in a nutshell, we would do that. We don’t see that at this point in time. But if it came to that, we have no problems doing that,” Donald continued.

“But we’re not going to hold onto an underperforming asset, because we’re not able to sell it. I mean, if – we would scrap it if we had to. I don’t anticipate that, but if we had to do it, we would do it.”

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Royal Caribbean Ship Saves Men Trapped at Sea for 20 Days

Royal Caribbean's Empress of the SeasPHOTO: Royal Caribbean International’s Empress of the Seas. (photo courtesy of Royal Caribbean International)A Royal Caribbean ship forced to change its itinerary due to storms found and rescued two sailors Friday who had been stranded at sea for 20 days.

According to the Miami Herald, Royal Caribbean’s Empress of the Seas departed from Miami on December 17 and was sailing between Grand Cayman and Jamaica as part of the storm-impacted itinerary.

Crew members operating the radar system for the Empress of the Seas noticed an anomaly that turned out to be a small fishing boat floating in the water. Royal Caribbean called for emergency rescue and pulled the two men who had been stranded for 20 days out of the water.

Royal Caribbean Chief Meteorologist James Van Fleet shared images of the rescue and praised the quick thinking of the ship’s crew on Twitter:

View image on TwitterView image on TwitterView image on TwitterView image on Twitter

James Van Fleet@JamesVanFleet

More pics to share from @RoyalCaribbean rescuing 2 Mariners who had been at Sea for 20 DAYS in that small boat between and ! See last pic for story. UNREAL and so PROUD of Officers and Crew! Thank you @jleberle and @caryjames007 for pics.

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The Empress of the Seas is scheduled to return to Miami on December 23 after visits to George Town, Grand Cayman Island; Cienfuegos, Cuba; and Havana, Cuba.

Celebrating Christmas in Norway on Hurtigruten’s Finnmarken

Finnmarken

Finnmarken is one of Hurtigruten’s 11 ships that sail year-round along the Norwegian coast, round trip 12 days from Bergen to Kirkenes, making some 65 port calls ranging from 15 minutes to more than four hours.

Finnmarken

Finnmarken

The 2002-built, 15,690-ton Finnmarken can accommodate up to 740 passengers in staterooms and another 250-day passengers, as well as cargo and up to 47 cars.

Finnmarken

The current Christmas cruise includes large contingents of passengers from India and China in addition to passengers from South Africa, Australia, the UK, Germany and the United States.

Finnmarken

Winter attractions include Norway’s nature, including the Northern Lights, and shore excursions ranging from sightseeing to dog sledging, cross-country skiing and mountain hiking.

Finnmarken

The culinary experience is focused around Hurtigruten’s Coastal Kitchen concept, featuring ingredients and dishes native to Norway.

Northern Lights

(Photos by Angela Reale Mathisen and Oivind Mathisen)