Fred. Olsen Cruise Lines, the UK based destinational cruise shipping company, has experienced deeper losses in both the second quarter and first half of 2013 compared to the respective periods a year earlier.
In the second quarter, the Ipswich based operator of four ships booked a net loss of NOK42 million, which was NOK6 million more than in the corresponding period a year earlier. Revenues fell to NOK340 million from NOK391million.
In January-June, the loss amounted to NOK 88 million, an increase from NOK77 million in the same period last year. Revenues declined to NOK726 million from NOK839 million, parent company Bonheur ASA said in a statement.
“The UK cruise market continued to experience difficult economic conditions resulting in lower sale and occupancy. Number of passenger days totaled 284 964 (314 991) for the quarter. Net ticket income per diem was at the same level as same quarter last year. The average spot price of fuel oil in the quarter was 5% lower compared to second quarter 2012,’ Bonheur stated.
Bonheur is listed on the Oslo Stock Exchange and it is controlled by the Fred. Olsen family. Its net profit rose to NOK545million in the second quarter of 2013 from NOK498million a year earlier.
