RCL

Royal Caribbean cruises to a $1 billion quarter

Shares in Royal Caribbean Group (NYSE: RCL) were trading up today, as the company reported third quarter results that topped analysts’ expectations. The cruise giant reported net income for the third quarter of $1.0 billion or $3.65 per share compared to net Income of $33.0 million or $0.13 per share for the same period in the prior year. The company also reported adjusted net Income of $1.1 billion or $3.85 per share for the third quarter compared to adjusted net income of $65.8 million or...

https://www.marinelog.com/passenger/cruiseships/royal-caribbean-cruises-to-a-1-billion-quarter/

RCL Strengthens Southeast Asia To West Asia And Middle East Route!

Credit: Terntank

RCL announced the upgrading of a Far East to West Asia and Middle East (RGA) service.

Expanded Voyage

New RGA commencing on the 5th Sep 2023 from Ho Chi Minh will extend her coverage to add Nhava Sheva in her westbound voyage and Dammam.

Service will extend from current 35 days to 42 days routing.

New rotation: Cai Mep (Tue) – Laem Chabang (Fri) – Port Klang (Tue) – Nhava Sheva (Wed) – Jebel Ali (Mon) – Dammam (Wed) – Sohar (Sat) – Nhava Sheva (Thu) – Port Klang (Fri) – Cai Mep (Tue)

https://mfame.guru/rcl-strengthens-southeast-asia-to-west-asia-and-middle-east-route/

Asian lines launch new China-India service

China United Lines continues to build on its service portfolio, launching a joint China-India service with Pacific International Lines, Regional Container Lines and Interasia Lines.

Five ships, each ranging from 2,500 to 2,800TEU, will be assigned to the service. PIL will deploy two ships, while CULines, RCL and Interasia Lines will each assign one vessel.

The Chinese state-owned CULines is marketing the service as the China-India Express, while Interasia Lines, RCL and PIL are respectively...

https://container-news.com/asian-lines-launch-new-china-india-service/

RCL expands China-Indian subcontinent links

Thai feeder operator Regional Container Lines is enhancing its connections between China and the Indian subcontinent, through slot purchases on CMA CGM’s North China-India service and COSCO Shipping Line’s South China-India service.

RCL will buy slots on the CMA CGM’s AS1 service, which co-loads containers from the French carrier’s Ocean Alliance partner COSCO.

The Thai operator will market this service as the North China-Straits-India service. Calling at Qingdao, Shanghai, Ningbo, Singapore,...

https://container-news.com/rcl-expands-china-indian-subcontinent-links/

Cruise Giant To Lay Off More Than 100 Crew Members

  • Carnival Corp.’s (CCL) Carnival Cruise Line said that it’s cutting more than 100 ship officers as it retires 18 ships across its brands.
  • The decision comes after the COVID-19 pandemic, because of which travelers have stayed home for 6 months, thereby shutting down the industry.
  • Nevertheless, other cruise lines have come up with a ‘strategic plan’ which could help in resuming the US Cruises.
  • The plan, submitted to the U.S. Centers for Disease Control and Prevention, includes coronavirus tests...

https://mfame.guru/cruise-giant-to-lay-off-more-than-100-crew-members/

Effective Cost Controls Helped Asian Liners Q2 Profits

According to a Container News report, Liner operators Evergreen Marine Corporation, Wan Hai Lines, and Regional Container Lines (RCL) all reported profits for Q2 as blanked sailings and lower bunker costs mitigated the impact of reduced cargo volumes.

Evergreen recorded a net profit of TW$3.19 billion (US$108.28 million) and Wan Hai made a net profit of TW$1.68 billion (US$56.82 million).

How did they do it?

The Covid-19 pandemic tested the liner industry’s ability to practise capacity discipline...

https://mfame.guru/effective-cost-controls-helped-asian-liners-q2-profits/

Asian lines record Q2 profits as cost-control pays dividends

Liner operators Evergreen Marine Corporation, Wan Hai Lines and Regional Container Lines (RCL) all reported profits for Q2 as blanked sailings and lower bunker costs mitigated the impact of reduced cargo volumes.

Evergreen recorded a net profit of TW$3.19 billion (US$108.28 million) and Wan Hai made a net profit of TW$1.68 billion (US$56.82 million).

The Covid-19 pandemic tested the liner industry’s ability to practise capacity discipline and route configurations.

Evergreen stated that its net...

https://container-news.com/asian-lines-record-q2-profits-as-cost-control-pays-dividends/

Intra-Asia Trades Witness Wavering Freight Rates and Faltering Profits

Increased competition and vessel cascading on intra-Asia trades has led to rock-bottom freight rates and plunging profits for regional carriers, reports the Loadstar.

Annual drop in freight rates

Charlie Chu, executive vice president of Thai-based intra-Asia specialist Regional Container Line (RCL), said freight rates were declining every year.

“Ship upsizing in intra-Asia trade is quite popular, same as other trades globally,” he told The Loadstar.

“The consolidation between large carriers through...

http://mfame.guru/intra-asia-trades-witness-wavering-freight-rates-and-faltering-profits/

DNV GL: Navigator Of The Seas To Feature Industry First Fire Prevention Notation

RCL, Wärtsilä, and DNV GL announce Navigator of the Seas to feature industry first fire prevention notation

Even though great strides have been taken in detecting, containing and extinguishing fires, the best time to fight a fire is before it starts. The desire to work towards a zero-fire engine room led cruise operator RCL, technology group Wärtsilä, and classification society DNV GL to initiate a joint industry project to improve engine room fire prevention.

Since 2016, the partners have worked with stakeholders across the whole industry to collect data, analyse the key risks, and develop safety...

https://www.marineinsight.com/shipping-news/dnv-gl-navigator-of-the-seas-to-feature-industry-first-fire-prevention-notation/

RCL revamps Thailand Indonesia Express with ONE

RCL, with its partner ONE announces the revamp of both its existing Thailand to Indonesia services i.e. RIT1 and RTI2 via Port Klang and Singapore.

The current and new changes are:

RCL will continue branding the service as “RTI 1” and “RTI 2” on both strings. RCL will deploy the 2,800 TEU nominal capacity – Racha Bhum on RTI 1, with a second vessel from ONE. For the RTI 2, RCL and its partner intend to deploy 2 x 4,200 TEU nominal capacity vessels on the corridor.

The maiden voyage will commence...

https://container-news.com/rcl-revamps-thailand-indonesia-express-one/

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