- Holland America Line makes three director appointments in fleet operations department
- Windstar Cruises introduces new yacht and voyage collection
- Mein Schiff 3 to improve energy efficiency by about 30%
- Regent Seven Seas makes itinerary changes for fall 2014
- Mein Schiff 1 godmother to celebrate fourth anniversary of ship with gala concert
- Richard J. O'Hanlon appointed Vice President, Nautical and Safety Operations for Carnival Cruise Lines
- Viking launches its ocean project, company rebrands
- Royal Caribbean's Vice Chairman and CFO Rice to retire
- TUI AG to restructure Hapag-Lloyd Kreuzfahrten unit after its deep interim losses
- RCCL to revitalise Voyager of the Seas before 2014-15 Australasia deployment
- High airfares force Carnival Cruise Lines out of Europe 2014
- Australian source market grew 11% to 694,000 passengers in 2012
Ports & Destinations
- Athens prepares to host Posidonia Sea Tourism Conference
- Norwegian Breakaway makes maiden call to Bermuda
- Study demonstrates that BC cruise ports continue to be an economic hub in Canada
- Ports America awarded operating contract for Port of Los Angeles Cruise Terminal
- Cruise tourism's contribution to Dubai's tourism growth due to grow in 2014
Products & services
- Wallem opens offices in South Africa
- Trimline and Carnival UK agree an on board interior maintenance service for five ships
- Wärtsilä Aquarius ballast water system received final approval
- Wallem opens first hub of expertise in Singapore as it looks to establish strategic maritime locations around the world
- AIDA calls at Lloyd Werft for the first time
- Category: Top Headlines
- Published on Tuesday, 26 June 2012 19:10
- Written by Kari Reinikainen
Regent Seven Seas Cruises, the top end of the market operator, may offload its oldest unit in case it decides to proceed with a newbuilding, a senior company official told Cruise Business Online.
The company, which is part of the Prestige Cruise Holdings group, is studying a 750 passenger newbuilding project, said Graham Sadler, Managing Director UK of the Florida headquartered Regent.
In case it decides to place an order, it may be worthwhile for regent to limit capacity growth and to offload the 1999 built Seven Seas Navigator, the oldest ship in the three vessel fleet of the company. The 28,550 gross ton ship has 490 lower berths and it is the smallest unit in the company’ s fleet: the Seven Seas Mariner and Seven Seas Voyager both have 708 berths.
Regent has been able to increase prices in the recent past and it has invested in upgrades of its fleet, including Seven Seas Navigator. Replacing this ship with a larger newbuilding would help the company to obtain a coherent fleet in terms of size, Sadler said.
A sale or chartering out of Seven Seas Navigator could help to mitigate capacity increase once the new vessel would be delivered, thereby helping the company to maintain positive development in pricing.
Sadler said that no decision has been made as yet with regards of either placing a newbuilding order or to offload Seven Seas Navigator. He dismissed rumours that an order at Fincantieri would be imminent or that the company would use an option for a third 68,000 gross ton newbuilding of sister company Oceania Cruises that would be redesigned to meet Regent’s needs. Sadler noted that Oceania hull would be too large for Regent.
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