Cruise Stocks Fall Due to Tightened Restrictions on Cuba

By ,   April 18, 2019 ,   Cruise Industry

President Trump's administration tightens travel restrictions on Cuba via new sanctions and a crackdown on tourism disguised as family visits or official business.

President’s national security advisor John Bolton unveiled the move during a speech on Wednesday in Miami FL. Bolton said the United States would also tighten policies to Nicaragua and Venezuela, dubbing the 3 countries a “troika of tyranny.”

The new rules, that rescind President Obama’s efforts to open up relations and commerce with Cuba, may mean the end of United States' cruise ships visiting Cuban ports. Technically, Americans are not allowed to visit as tourists. However, in case they fill out an affidavit saying that they have certain kinds of business there (“support for the Cuban people”) they are allowed to go.

Port of Havana (Cuba)

Image: Port of Havana (Cuba)

A number of major cruise lines with regularly-scheduled visits to Cuban ports could be affected, including Royal Caribbean, Carnival and NCL-Norwegian. It is still unclear whether those vessels will still be able to visit Cuba under the new US rules.