Royal Caribbean Group to raise $1.5 billion through equity offering
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- Written by Kari Reinikainen Kari Reinikainen
- Category: More News More News
- Published: 01 March 2021 01 March 2021

Royal Caribbean Group, the world’s second largest cruise shipping group, said announced that it has commenced an underwritten public offering of $1.5 billion of shares of common stock. The company expects to use the net proceeds from the offering for general corporate purposes.
The previous time the company tapped the markets was in mid-October 2020, when it raised $500 million by offering 2.875% convertible notes.
These can be converted to shares in the company at a price of $60 per share. The notes will mature in 15 November 2023.
Photo: Celebrity Apex of Celebrity Cruises
MSC Cruises to bring MSC Seaside in Mediterranean
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- Written by Kari Reinikainen Kari Reinikainen
- Category: More News More News
- Published: 01 March 2021 01 March 2021

MSC Cruises, the Geneva based cruise line, said MSC Seaside will be deployed for the first time to Europe since her launch in 2017, joining the company’s flagship MSC Grandiosa in the Mediterranean from 1 May.
“MSC Seaside will be performing a brand-new itinerary featuring 7-night cruises calling Genoa, Valetta in Malta and Civitavecchia with two first time ports of call – Siracusa in Sicily and Taranto in Puglia,” the company said in a statement.
MSC Grandiosa’s current successful itinerary will be extended through to the end of May with the ship calling at the Italian ports of Genoa, Civitavecchia, Naples, Palermo as well as Valetta in Malta. MSC Grandiosa has been welcoming guests for a holiday at sea from August of last year and has since safely and responsibly carried more than 40,000 guests.
MSC Seaside and MSC Grandiosa itineraries are currently available to residents from Schengen countries and Bulgaria, Croatia, and Romania.
Fincantieri expects to deliver seven cruise ships 2021
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- Written by Kari Reinikainen Kari Reinikainen
- Category: More News More News
- Published: 01 March 2021 01 March 2021

Fincantieri, the Italian shipbuilder that is the largest builder of cruise ships, said it expects to return to the pre-COVID-19 growth levels by 2021 and to deliver a total of seven cruise ships this year.
This year’s revenues are expected to increase by 25% to 30% compared to €5.88 billion recorded in 2020, excluding pass-through activities, with a consequent improvement in margins, which should come close to 7% and so confirming the growth guidelines outlined by the group before the pandemic.
“Such results may led to a return of a sustainable dividends distribution starting as soon as 2022,” the company said in a statement.
In the cruise ships business area, during 2021, five ships are scheduled to be delivered from the Italian shipyards - Silver Dawn (for Silversea Cruises), Viking Venus (Viking Ocean Cruises) , Rotterdam (Holland America Line) , MSC Seashore (MSC Cruises) and Valiant Lady (Virgin Voyages). In addition to two expedition cruise vessels would be delivered by Vard in Norway - one for Ponant in France and one for Hapag-Lloyd in Germany.
“Actions to support the increase in volumes have already been planned: on the one hand, completion of capex for the upgrading of the Marghera and Monfalcone shipyards, and, on the other hand, an increasingly greater integration of all the shipyards dedicated to cruise shipbuilding (Italy and Romania),” the company said.
"Cruise ship deliveries stayed on schedule as per the pre-pandemic program, even with the postponement of production programs: four out of the seven cruise ships delivered in 2020 were handed over in the second half of the year, amid the pandemic, including the 100th cruise ship built by Fincantieri, for Princess Cruises, a Carnival Group brand," the company said.
Royal Caribbean to debut the new Odyssey of the Seas in Israel
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- Written by Teijo Niemelä Teijo Niemelä
- Category: More News More News
- Published: 01 March 2021 01 March 2021

Israeli holidaymakers will set a new course for adventure this summer when Royal Caribbean International begins sailing from Israel for the first time in May. The global cruise line will offer Israelis a combination of 3- to 7-night escapes visiting the Greek Isles and Cyprus on board its highly anticipated, brand-new ship, Odyssey of the Seas. The new sailings will go on sale on Tuesday, March 9.
The itineraries, roundtrip from Haifa, Israel, will include visits to idyllic isles and destinations in the Mediterranean, including Rhodes, Santorini, Mykonos and Athens, Greece and Limassol, Cyprus.
“We are thrilled to debut Royal Caribbean cruises from Israel with our newest and most innovative ship, Odyssey of the Seas. Israeli travelers will be looking to get away, relax with total peace of mind, and enjoy the travel experiences they are missing dearly; and that is what we do best,” said Michael Bayley, president and CEO, Royal Caribbean International. “Sailing from Israel is an opportunity we have had our sights on for quite some time. We greatly appreciate the government of Israel for their collaboration and confidence in us to deliver memorable cruise experiences to their residents, and look forward to delivering on that promise aboard our newest ship – the first ‘Green Island’ at sea.”
Residents of Israel will be the first guests to cruise on Odyssey during its inaugural season. The innovative ship is designed to make for a memorable holiday for every kind of traveler, with a variety of new and signature experiences from bow to stern. Set against the picturesque backdrop of the Mediterranean Sea, highlights on board include a two-level pool deck designed for downtime under the sun and stars, SeaPlex – the two-level indoor and outdoor activity complex that is a high-adrenaline playground for all ages, and a lineup of complimentary and specialty restaurants primed to please every palate with cuisine from around the world. And entertainment throughout the ship will be punctuated by high-tech signature productions in the Royal Theater and Two70, where art and multimedia merge for jaw-dropping performances found only on Odyssey.
“Thanks to the millions of vaccines we have brought, I am proud that Israel will be the first country in the world to launch Royal Caribbean’s new flagship. Royal Caribbean's decision to come to Israel is a significant expression of confidence in our policy. This is an important economic, touristic moment for the State of Israel,” said Israeli Prime Minister Benjamin Netanyahu. “Israel is a global model of success. We will continue our program – the ‘green passport’ – so that we can get out of the COVID-19 virus in peace. Just as we made Israel the world champion in vaccines, we will make it the world champion in economics and tourism in the post-Corona era.”
In conjunction with Israel’s health and tourism authorities, Royal Caribbean will be the first to offer fully vaccinated sailings, where both crew and guests above the age of 16 will be vaccinated against COVID-19. Details on the additional health and safety measures to be implemented by Israel and Royal Caribbean will be announced at a later date.
The Greek Minister of Tourism, Mr. Haris Theoharis, supports all the efforts for the resumption of cruising in Greece and the surrounding area. He said, “We are very happy with today’s announcement as our recent travel agreement with Israel is already bringing results, and more people will have the opportunity to have unique experiences in our beautiful destinations and islands.”
Savvas Perdios, the Deputy Minister of Tourism for Cyprus commented, “It is an honor to be featured in Royal Caribbean’s itinerary this summer, and we are delighted to welcome their newest ship to our island. Cyprus supports the cruise industry and is pleased to help the industry on its road to recovery. We are certain that guests will have a great time, both on board the ship and when visiting Cyprus, one of the most beautiful islands in the Mediterranean.”
Royal Caribbean Group release study on cruise ship HVAC system
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- Written by Teijo Niemelä Teijo Niemelä
- Category: More News More News
- Published: 26 February 2021 26 February 2021

Royal Caribbean Group in collaboration with the University of Nebraska Medical Center (UNMC), announced today the results of an independent study on the transmission of aerosol particles through a cruise ship’s heating, ventilation and air conditioning (HVAC) system.
Royal Caribbean Group engaged UNMC and the National Strategic Research Institute (NSRI) at the University of Nebraska with the support of the Healthy Sail Panel, a group of globally recognized experts assembled by Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd., to guide the cruise industry’s way forward in response to COVID-19. The study by UNMC and NSRI scientists, conducted in July 2020 on Oasis of the Seas, helped inform the Healthy Sail Panel’s 74 detailed best practices to safeguard the health of guests, crew and communities cruise ships visit. The Healthy Sail Panel’s science-based recommendations were outlined in a 65-plus-page report submitted in September and is open sourced for others to incorporate in their protocols as well.
A team of five medical scientists specializing in bioaerosols, led by Josh Santarpia, PhD. – associate professor, pathology and microbiology, UNMC; and research director, chemical and biological programs, NSRI – were called on to understand in detail the role of HVAC systems in spreading airborne particles on cruise ships. The study specifically explored the effectiveness and efficiency of ship air management strategies – ventilation, filtration and supply – and examined air flow across different areas of the ship, including guest staterooms, crew staterooms, lounges and other public spaces.
Researchers found the transmission of aerosol particles between spaces, through the ventilation system, to be undetectable on surfaces and in the air. A leader in modern cruise ship design, Royal Caribbean Group has long been at the forefront of the industry’s latest innovations and advancements; and so, the existing HVAC systems were created to be robust and efficient in providing maximum ventilation, continual fresh air intake and layers of filtration for both incoming and outgoing air.
Based on the findings of the UNMC study and at the recommendation of the Health Sail Panel, Royal Caribbean Group is adopting new practices, incorporating additional layers of protection that further minimize the possibility of spread by adjusting shipboard settings to allow for the maximum air changes per hour and upgrading to MERV (Minimum Efficiency Reporting Value) 13 filters throughout the system. In addition, Royal Caribbean Group already equipped its medical facilities with an independent ventilation system and has added HEPA filters for additional precaution.
An overview of the study, as well as full details on how the onboard HVAC system works, can be found at www.royalcaribbeangroup.com/news/a-breath-of-fresh-air-science-leads-the-way-for-royal-caribbean-groups-hvac-system/. The findings of the UNMC study can be found at www.royalcaribbeangroup.com/wp-content/uploads/2021/02/UNMC-Aerosol-study-findings.pdf. For more information on Royal Caribbean Group’s healthy return to sailing, visit https://www.royalcaribbeangroup.com/healthy-sailing/.
Royal Caribbean Group is applying the recommendations of its Healthy Sail Panel of public health and scientific experts to provide a safer and healthier cruise vacation on all of its sailings. Health and safety protocols, regional travel restrictions and clearance to visit ports of call, are subject to change based on ongoing evaluation, public health standards, and government requirements. U.S. cruises and guests: For more information on the latest health and travel alerts, U.S. government travel advisories, please visit www.royalcaribbeangroup.com/cdcnotice or consult travel advisories, warnings or recommendations relating to cruise travel on applicable government websites.
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