Lindblad expects strong year after first quarter net result leaps
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 03 May 2019 03 May 2019
Lindblad Expeditions, the US based expedition cruise operator, expects a strong year after a leap in its first quarter net profit.
Group net profit rose to $14.6 million from $10.8 million in the same period last year, while revenues increased to $89.6 million from $82.4 million. Operating income, however, remained stable at $14.4 million as operating expenses rose to $75.3 million from $68.0 million, the company said in a statement.
The company was able to cut other expenses and it received a $3.0 million tax benefit compared to a $0.3 tax bill in the first quarter of last year, which lifted net income..
Sven-Olof Lindblad, President and Chief Executive Officer, said, "Lindblad is off to another great start in 2019 as the strong momentum we generated throughout the last year and a half continued into the first quarter. The addition of our second new build vessel, the National Geographic Venture, in December of 2018, has further increased our overall capacity and as we have expanded our inventory we continue to maintain high yields and occupancy levels.”
“Demand for expedition travel has never been greater and with a proven track record of delivering high quality and immersive experiences, along with our long-standing partnership with National Geographic, we are generating booking strength from both loyal guests as well as those experiencing this type of travel for the first time. Reservations for departures later this year and beyond remain strong as we continue to see broad based demand at higher yields for our new builds as well as our existing fleet.”
“With further capacity expansion, including two new polar vessels scheduled to join our fleet over the next two years, and the ability to sustain pricing and occupancy levels, we remain uniquely positioned to generate continued strong growth and build additional shareholder value for years to come."
The Company's current expectations for the full year 2019 are as follows:
Tour revenues of $350 - $358 million (13% – 16% growth)
Adjusted EBITDA of $67 - $70 million (22% – 28% growth)
As of April 30, 2019, Lindblad segment bookings for travel during 2019 have increased 11% as compared with bookings for 2018 as of the same date a year ago. Additionally, the Lindblad segment had 94% of full year 2019 projected guest ticket revenues on the books versus 95% of full year 2018 revenue at the same time last year.
Viking to launch new ship in Egypt
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 02 May 2019 02 May 2019

Viking has announced an expansion of its Egypt program for the 2020 season, which will include the launch of a new ship. Inspired by the design of the award-winning Viking Longships and built specifically for the Nile River, Viking Osiris is currently under construction and will double the company’s owned capacity in Egypt when it debuts in September 2020. Also launching in the next year are two new Pre-Cruise Extensions designed to enhance guests’ base knowledge of Egyptology prior to arriving in Cairo. These five-day extensions to Viking’s Pharaohs & Pyramids itinerary will provide guests with Privileged Access to archives and exhibits in London and Oxford that are not normally accessible to the public. This announcement comes as Viking guests continue to express strong interest in Egypt – and just one year after the company launched Viking Ra, a completely renovated vessel and Viking’s first owned and operated ship on the Nile.
“Egypt has inspired explorers for generations, and it remains a top destination for many of our guests,” said Torstein Hagen, Chairman of Viking. “For more than two decades, we have led the river cruise industry with our fleet development and experiences that bring travelers closer to the cultures of the world. We remain committed to Egypt, and we look forward to introducing the historic treasures of the region to even more Viking guests.”
Hosting 82 guests in 41 staterooms, Viking Osiris will be a state-of-the art ship with the clean, elegant Scandinavian design for which Viking is known – and will join the company’s other ship on the Nile, Viking Ra, which launched in 2018. Viking is the first and only Western company to build, own and operate ships on the Nile.
New Pre-Cruise Extensions
Building on the success of the Oxford & Highclere Castle program – Viking’s highest-rated Pre/Post Extension that visits “The Real Downton Abbey” – the company has applied the same degree of Privileged Access to two new curated Pre-Cruise Extensions that allows guests to retrace the steps of the world’s most famous Egyptologist, Howard Carter, and his benefactor, the 5th Earl of Carnarvon. Guests on the five-day British Collections of Ancient Egypt extension will meet their Viking Tour Director, an expert Egyptologist, in London and experience Privileged Access to two museums: first a private, early morning visit to the Egyptian Collection at the British Museum before it opens to the general public – and then a visit to the home and personal museum of world-renowned architect, Sir John Soane, where the tour will be illuminated by candlelight, a re-enactment of how Soane entertained guests and showcased his exquisite collection of Egyptian antiquities, including a 3,000-year-old Egyptian sarcophagus. Guests will also visit London’s Petrie Museum, which houses more than 80,000 artifacts from ancient Egypt and Sudan. In Oxford, guests will visit the Ashmolean Museum, one of the oldest in the world, and home to a varied collection of Egyptian mummies and art – and go behind the scenes at Oxford University’s Griffith Institute, where they will enjoy a Privileged Access visit to see Carter’s archives, which detail the discovery of Tutankhamun’s tomb. Lastly, guests will have an opportunity to visit Highclere Castle – the country seat of the Earl and Countess of Carnarvon – and enjoy an exciting opportunity to view the earl’s magnificent private collection of Egyptian artifacts. Guests traveling through April 2020 may opt for the new five-day King Tut & the UK’s Egyptian Collections extension, which also includes an opportunity to visit Tutankhamun: Treasures of the Golden Pharaoh, a special exhibition at London’s Saatchi Gallery that is presented by Viking.
Pharaohs & Pyramids
During the 12-day, Pharaohs & Pyramids itinerary, guests experience Egypt’s cultural treasures in seven destinations. The cruisetour begins with a three-night stay at a first-class hotel in Cairo, where guests can visit iconic sites such as the Great Pyramids of Giza, the necropolis of Sakkara and the Mosque of Muhammad Ali. Guests will then fly to Luxor, where they will visit the Temples of Luxor and Karnak before boarding a Viking river ship for an eight-day roundtrip cruise on the Nile River, featuring Privileged Access to the tomb of Nefertari in the Valley of the Queens, and excursions to the Temple of Khnum in Esna, the Dendera Temple complex in Qena, the temples at Abu Simbel and the High Dam in Aswan, and a visit to a colorful Nubian village, where guests can experience a traditional elementary school. Finally, the journey concludes with a flight back to Cairo for a final night in the ancient city.
Victory Cruise Lines to introduce SunStone-newbuild in Alaska in 2021
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 02 May 2019 02 May 2019
Victory Cruise Lines, operated by American Queen Steamboat Company, released new design details on the upcoming Ocean Victory, in addition to teasing Alaska itinerary highlights. Currently under construction, the 200-passenger Ocean Victory was intimately designed for in-depth destination access and discovery, providing guests with world-class accommodations and amenities, along with immersive shore excursions at an unmatched inclusive value. The 7- to 10-night voyages onboard Victory Cruise Lines’ third vessel will explore the breathtaking scenery and wildlife of Alaska, complimented by onboard enrichment and lectures programs, sailing May through September, 2021.
“We are thrilled to continue to share details about our newest expedition vessel, Ocean Victory, as well as our Alaska itineraries” shares American Queen Steamboat Company Chairman and CEO John Waggoner. We can’t wait for guests to experience the wild and unparalleled landscape of Alaska, an area best explored via our intimate ship, allowing for up-close nature and wildlife viewing.”
The 104.4m Ocean Victory will feature 93 suites, of which 68 will have balconies, nine French balconies and 16 panoramic windows. The vessel will carry a crew of 100 in 57 cabins. Onboard amenities include two restaurants, in addition to an open-deck dining area, observation and lectures lounges, piano bar, library, gym, spa, swimming pool with a pool bar and jacuzzi.
Once complete, Ocean Victory will feature the latest in ship-building design and technology. Signature elements include a patented X-box design which will allow guests to experience a smoother, more comfortable ride with low levels of noise and vibrations; Rolls Royce Zero Speed Stabilizers to reduce rolling and therefore make cruising more comfortable for guests and Dynamic Positioning (aka “virtual anchoring”) - a computer-controlled system that automatically maintains the vessel’s position utilizing its own propellers and thrusters resulting in top-rated ship maneuverability. This means the ship can easily change positions for expedition operations, such as zodiac landings, while also minimizing its environmental impact. Lastly, the vessel’s small size and low draw allows it to dock in many of Alaska’s smaller ports not accessible to larger cruise ships.
The Ocean Victory will complete 20 voyages to Alaska starting in May, 2021. Equipped with 20 zodiacs and dozens of kayaks, the vessel will provide guests with endless opportunities for active adventure and up-close animal viewing like whales and bears. An onboard crew of marine biologists, scientists and naturalists will lead expeditions, provide education lectures and act a resource for all guests. Offering the same premier service, dining and accommodations guests have come to expect onboard Victory Cruise Lines and the American Queen Steamboat Company, Ocean Victory will feature the finest regional cuisines, top-of-the-line entertainment and immersive shore excursions.
Bookings for Ocean Victory Alaska cruises go on sale July 2019, with fares announced in the coming weeks. More information about Alaskan ports of call and shore excursions will be announced at a later date.
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