Port of Palm Beach Cruise Business Bought by former Norwegian Cruise CEO

By ,   December 31, 2016 ,   Cruise Industry

The cruise company operating MS Grand Celebration from Palm Beach to Bahamas is under new ownership. It includes Kevin Sheehan, former president and CEO of NCLH Norwegian, who resigned in January 2015 after serving as its chief for 7 years.

“The purchase of Paradise Cruise Line is a family investment with a strong executive management team. We have a great appreciation for the Port of Palm Beach and believe it is a fantastic port which will contribute to the future success of the Grand Celebration,” Sheehan said.

In August 2016 he joined Las Vegas-based Scientific Games Corp. as its new CEO and president. Scientific Games is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery, and interactive markets.

The Grand Celebration ship itself is leased, but the company that owned the  business, "Cruise Operator", doing business as "Bahamas Paradise Cruise Line", has sold the business for an undisclosed amount to a new operator, "Paradise Cruise Line Operator Ltd", incorporated in The Bahamas.  The deal closed Dec. 22.

The 1,800-passenger ship sails to The Bahamas three or four times a week, and it’s the only cruise ship at the port in Riviera Beach. It’s the largest cruise ship ever based there.

Jarra Kaczwara, the port’s senior director, business development, said the two-night cruises have been highly successful.

“It’s a tremendous value and a tremendous cruise for the money, USD 129,” Kaczwara said.

From October 2015 through September of this year, 482,211 passengers took the cruise. The peak month was July, with 54,036 passengers.

Port commissioners approved the operating agreement with the new company on December 15.

Oneil Khosa,  managing partner and co-owner with Sheehan in the venture, said then that he and Sheehan are both cruise professionals who have spent a “considerable amount of time in this business.” Khosa said the company plans  to enhance the cruise’s operations and add more capacity. Kaczwara said:

“There are many things they can do to expand capacity. I know they are looking at every option possible, and that could mean bringing a second vessel into their fleet.”

At 733 feet in length, MS Grand Celebration is the maximum size ship the port can handle. But with the berth available while the ship is in progress, another 2-night or a 4-night cruises are a possibility.

The port receives roughly USD 4 million a year in ship’s fees and passenger parking from the venture.

Grand Celebration was launched in January 2015, replacing Bahamas Celebration, which ran aground in Freeport on Halloween weekend in 2014. The 1,250-passenger Bahamas Celebration was sold for scrap. It had sailed from Palm Beach to Freeport since 2010.

Since Hurricane Matthew damaged Freeport, MS Grand Celebration has been diverted to Bimini Islands, but is expected to resume cruising to Freeport again after January 3.

The 750-cabin Grand Celebration features 10 public decks, 5 restaurants, casino, 7 music venues, multiple lounges, 850-seat theater, 5 pools and whirlpool spas, spa-beauty-fitness center, 3 stores, 3 kids areas.