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RCCL's two major shareholders terminate mutual agreement

  • Written by Kari Reinikainen
  • Category: More News

Royal Caribbean Cruises Ltd (RCCL), the world’s second largest cruise shipping group, says two of its major shareholders, A Wilhelmsen AS and Cruise Associates, have agreed to terminate their Shareholders’ Agreement.

“Under the agreement, the two shareholders agreed to vote their shares for the election as directors of four nominees of each shareholder. With the termination of the Shareholders' Agreement, the shareholders are no longer obliged to vote their shares in this manner. In addition, our Articles of Incorporation require that, while the Shareholders' Agreement was in effect, the approval of at least one director affiliated with each of the two shareholders was required for certain corporate actions. With the termination of the Shareholders' Agreement, this is no longer a requirement. In addition, the Company noted that these changes are consistent with current trends in best practice for good corporate governance,” RCCL said in a statement.

“All existing directors (including those nominated by Cruise Associates and A Wilhelmsen AS) are expected to continue to serve as directors in accordance with the Company's Articles and By-Laws, and no change in our Board membership or management is contemplated. Our Directors, as with all public companies, will continue to be elected by a vote of our shareholders except that vacancies are filled by the Board for their unexpired terms. Our Directors are elected for staggered three year terms. The only change is that under the Shareholders' Agreement the two shareholders previously agreed to vote for each other's nominees. Now, they are free to vote as they wish,” the company said.

Cruise Associates is a partnership beneficially owned indirectly by various trusts. “It is our understanding that with the termination of the Shareholders' Agreement, Cruise Associates plans to distribute its RCCL shares to its partners which, in turn, may further transfer shares to their respective owners.” RCCL said it understands that this is simply a private matter between the parties and not indication that the shareholdres take a negative view on the outlook for cruise industry

“While a majority of the Board was previously nominated by the two shareholders, once elected, their duty as directors has always required them to represent the interests of all shareholders. That duty remains unchanged and the termination announced today is not expected to affect the Company's strategic direction,” RCCL pointed out.

AIDA and Lissi set sail together – apprentices on training ship

  • Written by Teijo Niemelä
  • Category: More News

The Rostock based cruise company AIDA Cruises has signed a cooperation treaty with the training ship society "Großherzogin Elisabeth e.V." With this cooperation, the apprenticeship at AIDA will offer even more on-the-job experience. Young academics and mechatronics will absolve a practical course lasting several weeks on board the tall ship Lissi, short for Großherzogin Elisabeth.

"We have made the experience, that our students and apprentices know very little about nautical basics", says Tino Hensel, Director Human Resources Management Fleet at AIDA Cruises. "The basic training on board Lissi will help to make a quick integration of new crew members on an AIDA ship easier."

The training and ship's command is in the hands of lecturers of the Jade Hochschule Elsfleth as well as the regular crew of the ship. Learning programs include navigation, maps, signals, sailing and meteorology as well work at the mooring station and the engine room. The turns on the North and Baltic Sea will last two to four weeks. 

Oceania Cruises to return to Canada and New England for autumn 2012

  • Written by Teijo Niemelä
  • Category: More News

Oceania Cruises will offer Canada and New England cruises for fall 2012 in place of previously scheduled Mediterranean voyages. In total, nine itineraries have been changed.

"Our 2011 Fall Foliage cruises have been so well received by our travel agent partners and their clients that we decided to redeploy Regatta from Europe to Canada and New England in fall 2012," stated Bruce J. Himelstein, Oceania Cruises' president. "These new voyages offer exceptional value with two-for-one fares and free roundtrip air."

Scenic highlights include cruising the Bay of Fundy, Saguenay Fjord and St. Lawrence River. Optional excursions enhance the destination experience and include a horse-drawn carriage tour of Quebec City; visit to the UNESCO World Heritage Site of Lunenburg fishing village; and a lobster lunch at Dalvay by the Sea, the 19th-century summer home built by then Standard Oil chief Alexander MacDonald. Outdoor pursuits include cycling Acadia National Park and Prince Edward Island and kayaking coves in Maine and Nova Scotia.

Louis Cruises introduces Greek fusion a la carte dining option on two ships

  • Written by Kari Reinikainen
  • Category: More News

Louis Cruises, the Cyprus based cruise shipping company, has announced a new a la carte dining option aboard two of its ships, the Louis Majesty and Louis Cristal that features Greek fusion cuisine. The new “Thalassa” restaurants are owned and operated by Christoforos Peskias, a renowned Greek Celebrity TV Chef & Restaurateur, and feature traditional Greek and Cypriot dishes that have been masterfully prepared with a modern twist.

Open for dinner only, cruise passengers onboard the Louis Majesty and Louis Cristal can experience this new alternative dining option for the price of $29.00 per person, per mea, the company said in a statement.

In collaboration with Greek Celebrity Chef Christoforos Peskias, the sophisticated recipes on this new dinner menu showcase the very best of contemporary Mediterranean gourmet cuisine. By combining authentic Greek dishes with modern culinary techniques, Peskias has created a fusion menu that features fresh, local and exotic Greek and Cypriot ingredients.

A sampling of the dishes offered at Thalassa includes the following: “Fava Santorinis” which is a yellow split pea puree from the island of Santorini that has been enhanced with caramelized onions, truffle oil and grilled octopus; braised lamb shank with an Olive Oil emulsion; marinated chicken souvlaki which is marinated with Limnos muscat wine, lemon, Greek yoghurt and mint sauce and much more, Louis Cruises said.  

NCL teams up with renewable energy project company

  • Written by Kari Reinikainen
  • Category: More News

Norwegian Cruise Line (NCL) has announced a partnership with NextEra  Energy Resources,  North America's largest producer of wind and solar power, which provides the opportunity for Norwegian guests' to help build new renewable energy projects and offset their carbon footprint.  This innovative program, a first within the cruise industry, is just one initiative amongst the many environmentally conscious efforts Norwegian is committed to through its award-winning Eco-Smart Cruising practices, NCL said in a statement.

"Guests sailing on Norwegian Cruise Line are able to voluntarily contribute $10 per person, per cruise through NextEra Energy Resources' EarthEra(r) Renewable Energy Trust via Norwegian's website at  The EarthEra Renewable Energy Trust will direct 100 percent of the funds received from Norwegian's North American guests to build new renewable energy facilities across the United States. "         

"Across our fleet, we have implemented many of the most innovative environmental policies and technologies in the cruise industry.  Our partnership with NextEra Energy Resources represents a first for the industry and furthers our commitment to the environment,"
said Kevin Sheehan, Norwegian's chief executive officer.  "We are pleased to offer the opportunity for our guests to offset their carbon
footprint and help build renewable energy."



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