RCCL plans to offer $500 million senior 10 year notes
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 02 November 2012 02 November 2012
Royal Caribbean Cruises Ltd (RCCL), the second largest cruise shipping company in the world, said it plans to issue $500 million worth of senior notes that will mature in 2022.
In a document filed with US stock market authorities, the Miami based company had as yet not defined the coupon of the notes nor the price at which they would be offered.
RCCL has indicated that it plans to place an order for third Oasis class vessel of 226,000 gross tons before the end of the year.
Fred. Olsen Cruise Lines stages strong return to profit on lower costs
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 02 November 2012 02 November 2012
Fred. Olsen Cruise Lines Ltd, the Ipswich based company that operates four medium sized ships on the UK market, has staged a strong return to profit on lower costs in the third quarter, according to figures released by its listed parent companies Bonheur ASA and Ganger Rolf ASA.
The company made a net profit of NOK37 million compared to a loss of NOK44 million in the third quarter of last year. Revenues remained largely stable at NK452 million compared to NOK455 million.
In the first nine months of the year, however, losses deepened to NOK40 million from NOK26 million on a weak start of the current year. Revenues also fell slightly, to NOK1.29 billion from NOK1.31 billion.
“Number of passenger days totaled 336 250 (348 654) for the quarter and passenger yields were in line with last year. Lower price on fuel oil and lower operating costs impacted the result positively. Ticket income is currently showing a negative trend,” the statement said.
Strategic pricing programmes helped Norwegian to increase profit
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 31 October 2012 31 October 2012
Strategic pricing programmes were among factors that helped NCL Corporation Ltd, parent company of Norwegian Cruise Line, to improve its profits in the third quarter, the company’s CEO said.
“Posting these great results, despite the challenging economic environment in Europe where we had a record deployment, is a testament to the discipline and rigor instilled at Norwegian to continuously improve quarter after quarter,” said Kevin Sheehan, the Company’s President and Chief Executive Officer.
“Our results reflect strategic pricing programmes, benefits from process improvements and other enhancement initiatives which resulted in a nine percent improvement in operating income,” continued Sheehan.
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