Norwegian Cruise Line Flags ‘Going Concern’ Over Ability to Stay Afloat

Norwegian Jade photo credit Dave Jones 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 slumped about 20% as it also launched a $1.6Continue reading “Norwegian Cruise Line Flags ‘Going Concern’ Over Ability to Stay Afloat”

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Norwegian Makes Moves on Ship Finance Deals; Gains $386 Million

Norwegian Cruise Line Holdings has amended the export-credit backed facilities that finance Norwegian Bliss, Norwegian Breakaway, Norwegian Encore, Norwegian Escape, Norwegian Getaway and Norwegian Joy to incorporate the terms of a 12-month debt holiday initiative offered to the cruise industry by Euler Hermes Aktiengesellschaft, the official export credit agency of Germany, according to a statement.Continue reading “Norwegian Makes Moves on Ship Finance Deals; Gains $386 Million”

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Cruise Industry

As the cruise industry sails into the third decade of the 21st century, the signs of its vitality are everywhere. New entrants are flocking to the business. Established players have record booking curves. Big networks of cruise vacation advisors are growing. Competition is healthy but not cutthroat. And cruise lines are spending more than everContinue reading “Cruise Industry”

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