Royal Caribbean confirms order for seventh Oasis Class ship

Coming hard on the heels of Carnival Corporation’s first order of of a newbuild cruise ship in five years, Royal Caribbean Group (NYSE: RCL) announced today that it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique to order a seventh Oasis Class ship for delivery to its Royal Caribbean International fleet in 2028.

Today’s announcement follows Royal Caribbean Group’s recent introduction of three new ships including Silver Nova, Celebrity Ascent and Icon of the Seas....

https://www.marinelog.com/passenger/cruiseships/royal-caribbean-confirms-order-for-seventh-oasis-class-ship/

Carnival quarterly update gives cruise share prices a boost

Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, today released its second quarter business update and though there was plenty of red ink splashing around, investors liked the rest of what Carnival had to say enough to give the company’s stock a boost that saw the company’s share up by over 11% as of 2.30 p.m. today.

Other cruise shares also went up in Carnival’s slipstream, with both Norwegian Cruise Lines Holdings (NYSE: NCLH) and Royal Caribbean...

https://www.marinelog.com/legal-safety/shipping/carnival-quarterly-update-gives-cruise-share-prices-a-boost/

Royal Caribbean puts focus on safety, cost cuts and liquidity

Royal Caribbean Cruises Ltd. (NYSE: RCL) estimates it is burning through cash in the range of approximately $250 million to $275 million per month during the present suspension of cruise operations, it said in a business update released today.

“These are unprecedented times for all of us,” said Chairman and CEO Richard D. Fain.“Travel restrictions and stay-at-home orders are important to slowing the spread of the virus, but they have severely impacted our operations.”

“We are taking decisive...

https://www.marinelog.com/news/royal-caribbean-puts-focus-on-safety-cost-cuts-and-liquidity/

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