Norwegian Cruise Line Launches Summer 2023 Itineraries

Norwegian Bliss in the Azores.

Norwegian Cruise Line today announced its 2023 summer itinerary lineup.

The new itineraries include the brand’s first visit to beautiful Nessebar, Bulgaria on Norwegian Jade’s Extraordinary Journeys sailing through the Mediterranean and the Black Sea; the debut of Norwegian Bliss at the Royal Naval Dockyard during her seven-day roundtrip voyage to Bermuda from New York; Norwegian Jade’s first visit to Bodrum, Turkey and Paros, Greece during her seven-day roundtrip voyage from Athens (Piraeus), Greece; and more.

The company said this is the furthest in advance that it has ever launched its itineraries.

“Now is the time to break free from the hold 2020 has had on us, dream big and plan for the cruise vacation we’ve all been waiting for,” said Harry Sommer, Norwegian Cruise Line president and chief executive officer. “Our newest itineraries along with our incredible, limited-time Black Friday deal provides guests with the perfect opportunity to book, save and indulge in a cruise vacation of a lifetime. We can’t wait to return to the sea, but until we can do so, we are proud to be able to provide our guests with a bit of inspiration, entertainment and behind-the-scenes action with the launch of ‘EMBARK – The Series’.”

Summer 2023 notable itineraries include:

MEDITERRANEAN

  • The Norwegian Breakaway, Norwegian Epic, Norwegian Gem and Norwegian Jade will sail a selection of five to 11-day cruises through the Mediterranean from May through October.
  • For the first time, Norwegian Cruise Line will visit the ancient city of Nessebar, Bulgaria during Norwegian Jade’s March 30 Extraordinary Journeys sailing. This nine-day roundtrip voyage from Athens (Piraeus), Greece through the Mediterranean and the Black Sea include a port rich itinerary with no sea days.
  • On her May 21 sailing, the Norwegian Jade will make her debut in Bodrum, Turkey and Paros, Greece as she embarks on a selection of seven-day Greek Isles roundtrip voyages from Athens (Piraeus), Greece, available through Oct. 15.
  • From May 6 through Oct. 13, the Norwegian Breakaway will offer port-intensive itineraries during her 10-day Greek Isles roundtrip cruises from Rome (Civitavecchia), Italy, visiting Santorini, Greece; Dubrovnik, Croatia; Florence/Pisa (Livorno), Italy; Cannes, France and more.

NORTHERN EUROPE
Sailing a series of Northern Europe cruises from May 8 through Oct. 17, Norwegian Getaway’s nine-day Baltic roundtrip voyages from Copenhagen, Denmark feature an overnight stay, a total of 36 hours in port, in St. Petersburg, Russia. The itinerary also includes calls to Warnemünde, Germany; Tallinn, Estonia; Stockholm, Sweden; and Helsinki.

BERMUDA
For the first time on her May 21 sailing, the Norwegian Bliss, will call to Norfolk, Virginia. The vessel will also make her debut at the Royal Naval Dockyard in Bermuda as she begins a series of five and seven-day roundtrip cruises sailing out of New York. The itineraries include two overnight stays at the Royal Naval Dockyard

ALASKA
Between April 22 and Oct. 15, Alaska will welcome four Norwegian Cruise Line ships: Norwegian Jewel, Norwegian Sun, Norwegian Encore and Norwegian Joy. The ships will sail a variety of five to nine-day voyages from Seattle; Vancouver, Canada; and Seward, Alaska, and every seven and nine-day itinerary.

BAHAMAS
Starting June 2 through Dec. 29, the Norwegian Sky will sail three and four-day roundtrip cruises from Miami, calling to Freeport, Nassau and Great Stirrup Cay.

THE CARIBBEAN
Cruising roundtrip from Miami, the Norwegian Escape and Norwegian Sky will offer a mix of five to nine-day sailings between Eastern and Western Caribbean. The various itineraries include calls to Puerto Plata, Dominican Republic; St. Thomas, U.S. Virgin Islands; Road Town (Tortola), British Virgin Islands; Great Stirrup Cay, Bahamas; George Town, Cayman Islands; Roatan Island, Honduras; Cozumel, Mexico; Harvest Caye.

Norwegian Sky leaving the port of Miami

CANADA AND NEW ENGLAND
Beginning Aug. 27 through Oct. 29, the Norwegian Escape will homeport in New York City offering seven-day roundtrip cruises to Canada and New England making calls to Newport, Rhode Island; Portland and Bar Harbor, Maine; Saint John and Halifax, Canada. The Norwegian Pearl will sail a series of seven-day open-jaw cruises to and from Boston, and Quebec City, Canada from Aug. 25 through Oct. 13 with visits to Bar Harbor, Maine; Halifax, Sydney, Charlottetown and Saguenay, Canada.

Norwegian Cruise Line Withdraws Forecast

Norwegian Bliss in Ponta Delgada photo credit Dave Jones

 Norwegian Cruise Line Holdings Ltd on Monday warned of a quarterly loss and withdrew its 2020 forecast, as the cruise operator struggles with the suspension of all voyages through the end of June due to the coronavirus crisis.

The pandemic has halted international travel and effectively shut down the cruise ship and airline industries, with companies, now bleeding cash and scrambling for new funds to ride out the slowdown that could last longer than expected.

Shares of Norwegian Cruise and rivals Carnival Corp and Royal Caribbean Cruises have taken a hit in the past few months as ships remain docked at ports and people wary of taking trips in the future.

The cruise liners are also not eligible to receive funding under the coronavirus stimulus bill since they were not incorporated in the United States, adding to further woes for the companies.

Norwegian Jade Photo was taken from a tender credit Dave Jones

Norwegian Cruise withdrew its forecast for the first quarter and the rest of the year but said it expects to report a loss for those periods. Royal Caribbean has also withdrawn its forecast, while Carnival, which operated two of the virus-stricken cruises, has predicted an annual loss.

Shares of the Miami-based Norwegian Cruise rose about 9%, while those of Royal Caribbean and Carnival were up about 8%. The stocks have lost about three-quarters of their value so far this year.

Norwegian Cruise said it would cut $515 million in spending to boost its cash reserves and estimated cash burn of about $110 million to $150 million per month as suspension of its three brands continue.

The company, which had about $1.4 billion in cash and cash equivalents at the end of March, said on Monday it had $1.8 billion of ticket sales as of March 31, that includes cancellations of about $850 million through June 30.

Despite growing cancellations, Chief Executive Officer Frank Del Rio, was optimistic about future demand, echoing Carnival’s CEO Arnold Donald who has predicted strong 2021 bookings.

“We believe the disruption to the travel industry, while swift and severe, will eventually subside,” Del Rio said.

Norwegian Cruise said booking trends indicate demand for cruise vacations for 2021 is essentially flat, although at lower prices.

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

Norwegian Joy

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.

The debt holiday was initiated to provide interim debt service and financial covenant relief for borrowers during the current global COVID-19 pandemic with respect to their Hermes guaranteed financings. Across the facilities, these amendments provide approximately $386 million of incremental liquidity to the company through April 2021.