The American Steamboat Company to expand west
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 21 May 2013 21 May 2013
The American Queen Steamboat Company, owner and operator of the U.S-flagged American Queen, announces the purchase of the Empress of the North from the U.S. Maritime Administration (MARAD) for an undisclosed amount. To be renamed the American Empress, the vessel is scheduled to resume sailings on the great rivers of the Pacific Northwest April 2014 calling her homeport Portland, Ore. The American Empress will deliver riverboat opulence on a grand scale, following in the pedigree of the line's namesake American Queen, and proudly serve as the largest overnight riverboat west of the Mississippi River.
"The American Queen has ushered in a rebirth of U.S. river cruising, welcoming thousands to discover the heartland of the United States and its iconic port cities," shares Ted Sykes, president and COO of the American Queen Steamboat Company. "Now the American Empress will continue that tradition as an ambassador to the Pacific Northwest, a region equally rich in American and natural history."
A U.S.-flagged riverboat, the American Empress measures 360 ft. with five towering decks and accommodates 223 guests in seven stateroom categories. The American Empress will sail the Columbia River and Snake River, offering seven-day voyages between Portland, Ore. and Clarkston, Wash. Ports of call include Astoria, Wash.; Stevenson, Wash.; The Dalles, Ore.; Umatilla, Ore.; and Richland, Wash.
The American Empress was built in 2002 and operated by Majestic America Line from 2002 to 2008, sailing Alaska's Inside Passage and the Pacific Northwest. Just as the American Queen brought luxury and grandeur to river cruising America's heartland, the American Empress will do the same for the Pacific Northwest.
Carnival shares open sharply lower in New York, partly recover in London after morning rout
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 21 May 2013 21 May 2013
Shares in Carnival Corporation, the US based holding company in the Carnival Corp & plc group, opened sharply lower on Tuesday after the group had issued a profit warning, while shares in Carnival plc, the British holding company, stageda partial recovery after a morning rout.
Carnival Corporation traded about 5.4% down at $33.40 in New York at about 10 am this morning local time. About 6.2 million shares had changed hands.
In London, Carnival plc had staged a recovery to trade about 4.2% lower at £23.01 at 3pm local time. It had hit a session’s low of £20.17 in the morning. Volume was in the region of 3.7 million shares.
However, the share price of both holding companies showed high volatility
Carnival issues profit warning, says yields to fall, shares dive in London
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 21 May 2013 21 May 2013
Carnival Corporation & plc, the world’s largest cruise shipping group, has issued a profit warning on forecast fall of yields in 2013 that sent shares in the British holding company sharply lower in early London trading.
“The company now expects full year 2013 net revenue yields to be down 2% to 3% compared to the previous flat yield guidance for the year. In addition, voyage cancellations beyond those incorporated in the company's previous earnings guidance, as well as increased selling and administrative costs, are expected to reduce earnings by approximately $0.10 per share,” the company said in a statement.
“Current cruise ticket pricing for the company has driven higher booking volumes however, at the same time, it has led to lower than anticipated net revenue yields which has resulted in reduced earnings guidance,” it continued.
“Based on the above factors, as well as current fuel prices of $674 per metric ton and currency exchange rates of $1.30 to the euro and $1.53 to the pound, the company now expects full year 2013 EPS to be in the range of $1.45 to $1.65 compared to its previous earnings guidance range of $1.80 to $2.10. The company continues to expect second quarter 2013 EPS to be in the range of $0.04 to $0.08 per share despite slightly lower yield expectations,” Carnival said.
Shares in Carnival plc, the UK based holding company, had fallen 13.8% to £20.7 in the first 45 minutes of trading in London this morning.
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