Cruise news (money-tagged)

Cruise industry's pause results in $23-billion loss to Florida's economy
All major cruise shipping companies are facing financial struggles amid the ongoing pandemic. All river and ocean voyages have been paused since mid...
August 14, 2020
Cruise Industry
The Bahamas want cruise ships back to Nassau
The Bahamas Tourist Minister announced he wanted cruise ships to not only visit private islands but the major Bahamian cities as well. According...
August 13, 2020
Cruise Industry
Crystal Endeavor megayacht's delivery delayed 'by about a year'
The Asia-based Crystal Cruises' owner GHK is delaying the launch of new ships while issuing a profit warning because of the pandemic forcing the...
August 11, 2020
Cruise Industry
CMV-Cruise And Maritime Voyages goes into administration/bankruptcy
CMV-Cruise And Maritime Voyages has gone into administration (similar to the USA's filing for bankruptcy). The company has appointed Paul Williams...
July 20, 2020
Cruise Industry
German shipyard Meyer Werft suspends operations for 6 weeks
German shipyard Meyer Werft halts production and suspends operations from Monday, July 20, for 6 weeks (through August 30) due to a slump in orders...
July 19, 2020
Cruise Industry
CMV-Cruise and Maritime Voyages in talks with investors to stay afloat
The UK-based company CMV-Cruise and Maritime Voyages which was at the centre of a repatriation row involving hundreds of crew is in talks with...
July 15, 2020
Cruise Industry
Port Galveston awarded USD 3,75M grant for cruise corridor roadway
Port Galveston got a USD 3,75 million Texas state grant for a new internal roadway planned to improve shipping traffic and cruise port access between...
July 13, 2020
Cruise Industry
Malta's Valletta Cruise Port invests EUR 2M in revamping the Waterfront
Port Valletta further invests in developing projects to enhance Malta's appearance as a cruise travel destination. Of note is the inauguration of a...
July 12, 2020
Cruise Industry
Royal Caribbean Group buys Silversea's remaining shares
The world's second-largest cruise shipowner RCCL-Royal Caribbean Group purchased the remaining shares of the top-luxury cruise brand Silversea. The...
July 12, 2020
Cruise Industry
Saga Cruises' newest ship Spirit of Adventure sets sail in November
Saga Group's new ship Spirit of Adventure will be inaugurated in November 2020, the cruise company announced. The vessel, which is the second...
June 30, 2020
Cruise Industry
Iceland reopens to cruise ships following the Coronavirus lockdown
As of June 15, 2020, Iceland opened its borders to tourists. The country's largest cruise ports are Reykjavik, Akureyri and Isafjordur. Before...
June 20, 2020
Carnival Corporation reports USD 4,4 billion in 2020-Q2 losses
The world's largest cruise shipowner Carnival Corporation posted a USD 4,4 billion loss for 2020-Q2 (second quarter) or USD 3,30 per share. Financial...
June 18, 2020
Copenhagen Malmo Port postpones establishment of new cruise terminal at Oceankaj
Due to the cruise market changes following the peak of the pandemic, CMP (Copenhagen Malmo Port) postpones the construction of its new cruise ship...
May 31, 2020
Cruise Industry
Greece restarts island ferry services
On Monday, May 25, Greece restarted regular passenger ferry services to Greek islands. Bars and restaurants were also reopen as Greece accelerated...
May 25, 2020
Cruise Industry
$130M raised by Nassau Cruise Port via bond offering
Nassau Cruise Port announced it had successfully raised USD 130+ million via its private bond offering launched on May 4 and closed on May 15, 2020...
May 22, 2020
Cruise Industry