News

Celebrity Edge to have all female bridge and officer team

Details: Written by Kari Reinikainen Kari Reinikainen; Category: Top Headlines Top Headlines; Published: 19 November 2019 19 November 2019

Celebrity Cruises, the premium market unit in Royal Caribbean Cruises Ltd (RCCL) group, said its Celebrity Edge will feature all female bridge and officer team from March 2020.

“This historic sailing will take place on International Women's Day – March 8, 2020 – aboard the brand's newest and award winning ship, Celebrity Edge. Captain McCue will be at the helm and will be accompanied by 26 other women to create an all-female bridge and officer leadership team, and Celebrity's President and CEO Lisa Lutoff-Perlo,” the company said in a statement.

"We are all passionate about closing the gender gap," said Lutoff-Perlo. "Over the last few years, we have worked hard to diversify the crew on board and bring more women than ever into our industry. None of this could have been possible without the leadership and shared vision of the extraordinary men and women I work with every day, led by Patrik Dahlgren and Brian Abel– who take this challenge to heart and have made it possible. We are fortunate to have many incredible, experienced and beyond-qualified women who have worked tirelessly to achieve these positions. And we also celebrate the many men who continue to support them and help champion having more women crew onboard."

Senior Vice President of Global Marine Operations for Royal Caribbean Crusies Ltd. Patrik Dahlgren, who has spearheaded Celebrity's bridge diversification efforts under the leadership of Lutoff-Perlo, added: "Since 2015, we have raised the percentage of qualified women on our navigational bridges from 3% to 22%. Now, we hope this all-time industry-high will continue to grow; we just need more women to raise their hands for careers at sea, especially in engineering."

"Excitement does not even begin to describe how I'm feeling about working alongside these incredible, barrier-breaking women on Celebrity Edge for this truly historic sailing," added Captain McCue. "I am inspired every day by the amazing women we have working throughout this organization – both on land and at sea. They're proof that there's power in diversity."

The below all-women bridge and leadership team for this historic sailing of Celebrity Edgerepresents 17 different countries, including:

Captain Kate McCue – USA
Staff Captain Maria Gotor – Spain
Hotel Director Niina Hautaniemi – Finland
Guest Relations Director Julie Sherrington – United Kingdom
F&B Director Byliana Velikova – Bulgaria
Senior Doctor Jennifer Bernardo – Philippines
Cruise Director Sue Denning – United Kingdom
Safety Officer Ionela Burduja – Romania
Associate Hotel Director Milana Dortangs – Netherlands
Revenue and Marketing Director Sarah Guinot – France
HR Manager Angel George– USA
Financial Controller Teresa de Guzman – Philippines
Chief Housekeeper Lyudmyla Miroshnychenko – Ukraine
Safety Investigation Officer Alexandra Villarreal – USA
Environmental Officer Maria Karoutsou – Greece
Chief Security Officer Mor Segev – Israel
Chief Officer Maria Koliou – Greece
Chief Officer Maria Agius – Malta
Doctor Sumaya Guffar – South Africa
First Officer Rachel Arnold – United Kingdom
First Officer Despoina Tsairi– Greece
Third Engineer Anna Avgoustaki – Greece
Second Officer Nicholine Tifuh Azirh, Cameroon
Second Officer Ioana Tzovara – Greece
Third Officer Esperanza Romero – Spain
Third Officer Cassandra May Mead – New Zealand
Apprentice Officer Gifty Adu Gyami – Ghana

Comment: It might serve Global Ports Holding well to exit cargo port business

Details: Written by Kari Reinikainen Kari Reinikainen; Category: Top Headlines Top Headlines; Published: 14 November 2019 14 November 2019

Global Ports Holding (GPH), the Istanbul based company that operates 15 cruise ports and two cargo facilities, said in its first half 2019 interim report a major review of its business is underway.

“A strategic review was announced, after period end, to explore ways to maximise value for all stakeholders and includes a range of potential corporate activity including the sale of certain assets as well as strategic investments and partnerships,” GPH said.

In addition to the cruise ports, GPH operates two cargo ports – commercial in its words –in Turkey.

“Strong Cruise EBITDA growth of 14.3% (21.7% ccy) to $16.8m was offset by a decline in Commercial EBITDA of 13.1% (12.6% ccy) to $22.3m,” GPH said in the interim report.

No synergies

It might serve GPH well exit the Commercial part of its business. A few reasons could be said to favour this option. It is difficult to see any synergies between the two businesses.

Parts of the cargo port business, such as container handling, are already highly consolidated. It is difficult to imagine major growth prospects for GPH in this area.

In cruise port operation, GPH is the largest player and the only one that can be said to actively drive consolidation in the business, which unlike cruise ship operation, remain highly fragmented. It has a lot of work to do here, which will require both money and management resources.

Cruise portfolio needs diversification

GPH has said it wants to refine the business of the ports that it currently operates e.g. through developing retail in them. It also wants to add new facilities to its portfolio.

As the cruise industry continues to grow – more than 100 ships are on order - there should be a broad scope for GPH to grow its business, both organically and by signing contracts to operate additional facilities.

At present, its portfolio remains heavily centred on the Mediterranean. The company lists the location of its cruise ports on its website as follows:

-Western Mediterranean: 6 ports

-Adriatic: 4

-Eastern Mediterranean: 1

-Caribbean: 3

-Asia: 1

Driving diversification further would deepen GPH’s global footprint and reduce risks linked to heavy focus on a single region.

Investors could welcome cruise port focus

GPH went public in London in late 2017, when its shares floated at £7.43. They currently trade at about £2.65.

Clear focus on cruise port operations and elimination of disruptive events from the commercial business would probably help to lift the price.

On a positive note, GPH pays healthy dividends and at its current depleted share price, the stock yields about 17%.

Carnival Cruise Line selects PepsiCo as preferred beverage partner

Details: Written by Teijo Niemelä Teijo Niemelä; Category: Top Headlines Top Headlines; Published: 13 November 2019 13 November 2019

PepsiCo, Inc. is partnering with Carnival Cruise Line, the world's most popular cruise line, to become the preferred beverage partner for its North American fleet. Beginning in January 2020, Carnival Cruise Line will begin serving a variety of beverages from the PepsiCo portfolio featuring premiere brands from Starbucks ready to drink coffee to fast-growing bubly sparkling water. When the transition is complete, Carnival guests will have a broad selection of beverage choices, from iced tea, sparkling water, coffee drinks and sports drinks to juices and soft drinks, including an array of low calorie and no sugar options.

"At Carnival Cruise Line, we invite our guests to Choose Fun, and now with PepsiCo's extensive portfolio of brands, we're able to give them more ways to choose a beverage that suits their taste, mood and preference," said Christine Duffy, president of Carnival Cruise Line. "PepsiCo's line-up of beverages will give our guests access to leading brands in growing non-soda categories like iced tea, juice and sparkling water, as well as popular soft drink brands that consumers love. We're also excited to work with PepsiCo on our shared commitment to sustainability, including a reduced reliance on plastics, and alternative ways to deliver and serve water and other beverages."

As they cruise, Carnival Cruise Line guests will be able to enjoy some of their favorite PepsiCo brands such as bubly, Pure Leaf, Naked Juice, Gatorade, MTN Dew, Starbucks, Pepsi, Pepsi Zero Sugar, Sierra Mist and Sierra Mist Zero Sugar among others.

"Our brands both celebrate having fun and offering something special for everyone, making PepsiCo and Carnival Cruise Line a great match," said Anne Fink, president of PepsiCo Global Foodservice. "We're excited to share the voyage as we create enjoyable, seamless experiences for Carnival Cruise Line passengers while they enjoy their fun vacations at sea and ashore."