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Landtman to retire, Antorcha, Clement and Jackson promoted at Carnival Cruise Line

  • Written by Teijo Niemelä
  • Category: Top Headlines

Martin Landtman, senior vice president of marine operations for Carnival Cruise Line, will retire in 2018. Having spent seven years leading Carnival’s marine and new shipbuilding operations, Landtman will remain in his current role until a successor is named, and will stay on to support the transition. A search for his replacement currently is underway. Carnival has also announced some restructuring of Landtman's organization, along with several key promotions and a new appointment.

Gus Antorcha, previously executive vice president, guest operations, has been given an expanded role and promoted to chief operating officer for Carnival Cruise Line, reporting to Carnival President Christine Duffy. Antorcha oversees hotel operations, port operations, guest care, shipboard recruiting, travel operations, new builds and refurbishments, along with a new shared services function for both the marine and hotel operations groups.

Ben Clement has been promoted to senior vice president, new builds, refurbishments and product innovation, reporting to Antorcha. Clement joined Carnival Cruise Line in 1997 in the technical services area and progressed through several management positions with increasing responsibility in hotel operations and shipbuilding prior to his current role.

Mark Jackson has been promoted to senior vice president, technical operations. His responsibilities include marine technical operations, cross-brand technical innovation and environmental operations. Jackson currently reports to Landtman.
Norbert Dean will join Carnival Cruise Line as vice president, strategic sourcing and supply chain, reporting to Jim Heaney, chief financial officer and senior vice president. Dean brings a wealth of executive leadership experience in sourcing, supply chain and shared services from top travel and consumer brand companies including the Walt Disney Company, SeaWorld Parks & Entertainment and the Sony Corporation. Dean is slated to begin Nov. 27.

“On behalf of everyone at Carnival Cruise Line, I wish to extend our thanks and congratulations to Martin on his well-deserved retirement,” said Duffy. “He has guided Carnival’s marine operations function through tremendous growth and transition, and we are greatly indebted to him. “I also congratulate Gus on his expanded role and Ben and Mark on the new responsibilities they are taking on with their promotions,” Duffy added. “Each of them has proven to be an exceptional leader and asset to our company, and we look forward to their continued contributions in their new positions.”

“Additionally, we are extremely pleased to have Norbert Dean joining the organization. His proven track record and strong depth of experience in the sourcing and procurement arena will be of tremendous value in this very important area of our operations,” Duffy added.

Norwegian says hurricanes shaved $0.15 from 2017 EPS, 2018 outlook strong 

  • Written by Kari Reinikainen
  • Category: Top Headlines

Norwegian Cruise Line Holdings Limited (NCLH), the world’s third largest cruise shipping group, has reduced its earnings per share (EPS) guidance for 2017 by $0.15, mostly due to the hurricanes in the autumn.

The company said 2017 full year Adjusted EPS is now expected to be approximately $3.90. “Excluding the impact from weather disruptions along with a current technical issue on Norwegian Gem, Adjusted EPS guidance would have increased to approximately $4.05, exceeding the high-end of our prior guidance range,” the company said in a statement

However, the 2017 full year Adjusted Net Yield growth guidance on a Constant Currency basis increased 50 basis points from prior guidance to approximately 4.75%.

“Our booked position for full year 2018 remains well ahead in both load and price compared to prior year across all three of our brands, despite booking headwinds caused by weather-related disruptions in the Caribbean,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd.

“We continue to focus on further strengthening our balance sheet as evidenced by the success of our recent refinancing transaction. We are now within our targeted leverage range of three to four times with further meaningful deleveraging expected in 2018 and beyond.”

Norwegian third quarter profit rises to $400 million on strong core markets 

  • Written by Kari Reinikainen
  • Category: Top Headlines

Norwegian Cruise Line Holdings Limited (NCLH), the world’s third largest cruise shipping group, has reported a rise in third quarter and nine month net profit on strong core markets.

Net profit in the third quarter rose to $400.1 million from $342.3 million year on, while operating profit reached $336.7 million compared to $284.4 million. Revenues rose to $1.65 billion from $1.49 billion.

In the first nine months of the year, net profit rose to 661.0 million from $560.6 million and operating profit increased to $964.7 million from $822.1 million. Revenues increased to $4.41 billion from $3.75 billion,

“Strong operational performance across our core markets, bolstered by strength in European itineraries, where pricing has now exceeded the previous high watermark of 2015, drove third quarter revenue and yield growth well ahead of expectations, despite the disruptions caused by weather-related events during the quarter,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.

“Over the last several weeks we have seen consumer demand continue to accelerate for Caribbean sailings and booking volumes have now reached pre-hurricane levels. Our ships, crew and shoreside personnel have been actively engaged in assisting impacted destinations by evacuating stranded families and delivering much-needed supplies. In addition, our company has committed to providing long-term financial aid to rebuild critical infrastructure through our Hope Starts Here hurricane relief programme," he said