Larger cruise ships on local deployments expected to be first to return

Larger cruise ships with local deployments will be the first to come back on sale following Covid-19, the former boss of Azamara has predicted. Larry Pimentel, who stepped aside from his role as president and chief executive in April as the line made plans to survive the pandemic, said he expected older, smaller ships withContinue reading “Larger cruise ships on local deployments expected to be first to return”

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Royal Caribbean puts up 28 ships as collateral for $3.2bn bond

Royal Caribbean fleet fact sheet. Royal Caribbean Cruises has launched a $3.2 billion bond offering while pledging 28 of its ships and “material intellectual property” as collateral. The move followed the world’s second-largest cruise group forecasting heavy losses for the first quarter of the year as Covid-19 brought global sailings to a standstill. The companyContinue reading “Royal Caribbean puts up 28 ships as collateral for $3.2bn bond”

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Carnival Corp: On Track to Slowly Remove Older Ships

Adona (Fathom) is set to join Azamara Cruise. Carnival Corporation remains on pace to remove one to two older, less efficient ships from its fleet on an annual basis following two recent transactions. Carnival announced earlier in the week the P&O Adonia has been sold to Azamara for a March 2018 delivery. The Adonia joins the neoClassica, whichContinue reading “Carnival Corp: On Track to Slowly Remove Older Ships”

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