Titanic II planned to debut on North Atlantic April 2024
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 27 February 2019 27 February 2019
Titanic II, the near-replica of the ill fated liner, is planned to debut on the North Atlantic in April 2024, a source close to the project told CruiseBusiness.com.
Clive Palmer, the Australian businessman who set up a company called Blue Star Line to deliver the vessel, resumed work on the project last autumn and it is about to invite tenders from shipyards to built the 65,000 gross ton ship.
Originally, the plan was to build the vessel at the Jingling shipyard in China, but Blue Star Line has opened the bidding to any shipyard interested in the project, the source said.
The ship is currently planned to set sail from Southampton in the UK for New York on 10 April 2024, exactly 112 years after the first Titanic’s maiden voyage.
The source CruiseBusiness.com spoke to said that Palmer has an in-depth knowledge of the original Titanic and that he wants to incorporate as many original features in the new vessel as possible.
The 1912 ship had open berth dormitory accommodation in the third class and it is not known if e.g. the authorities in the US would allow the use of such facilities today.
If the answer is negative, then a small area of such accommodation would be built and instead of being used as sleeping accommodation, it would be used to show passengers how some people traveled in the days before the First World War.
The new ship will have two bridges, one with 1912 equipment and the other with modern day ones. The first named would be open for passengers to visit, but it would not be used for navigation. This would be done from the other bridge with modern equipment.
Modern safety regulations mean that certain changes have been made to the design of the new vessel compared to the original one. In addition, modern technology means that only one funnel is actually required, bit four will be fitted on the vessel in an effort to maintain as authentic external appearance as possible.
The top of each funnel would be painted black and in one of the funnels, a café is planned. Darkened windows would not compromise the external appearance of the vessel, while the passengers would have a view of the vessel’s upper decks and the sea from this location.
NCLH forecasts 2019 EPS to rise to the $5.20 to $5.50 range
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 21 February 2019 21 February 2019
Norwegian Cruise Line Holdings Ltd. (NCLH) forecasts that its 2019 earnings per share (EPS) will rise to the rabnge of $5.20- to 45.50 from $4.20 it reported for last year.
Last year had marked a key inflection point for NCLH as it made significant progress towards achieving its Full Speed Ahead 2020 targets. “Our cash generation continues to accelerate and we remain keenly focused on returning meaningful capital to our shareholders, already returning approximately one-third of our three-year targeted capital distribution,” said Mark Kempa, executive vice president and chief financial officer, said in a statement.
“We are confident in our outlook for 2019 and beyond, and have built upon our foundation for measured capacity growth by enhancing our growth profile through 2027, with announced orders for all three of our award-winning brands, now totaling eleven vessels, enabling us to expand our presence both globally and domestically and further diversify our product offerings to continue driving outsized shareholder returns.”
NCLH forecasts net yields to rise between 2.5% and 3.5% as reported and net cruise costs, excluding fuel by about 2.75% per capacity day.
NCLH net profit leapt to $954.8 million in 2018 on strong demand
- Details
- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 21 February 2019 21 February 2019
Norwegian Cruise Line Holdings, Ltd (NCLH), the world’s third largest cruise shipping group, reported an increase in net profit to $954.8 million last year from $759.8 million in 2017 on strong demand.
Earnings per share amounted to $4.25. Revenues increased to $6.06 billion from $5.39 billion and operating income rose to $1.22 billion from $1.05 billion. In the final quarter of last year, NCLH recorded a rise in net profit to $154.6 million from $98.8 million, while operating profit rose to $209.6 million from $177.2 million.
This increase in full year revenue above the $6.0 billion mark for the first time was primarily attributed to an 8.5% increase in capacity days due to the delivery of Norwegian Bliss in April 2018 and Norwegian Joy in April 2017, as well as strong organic pricing growth across all core markets. Gross yield increased 3.4%. Net yield increased 3.5% on a constant currency basis and 3.7% on an as reported basis.
Cruise operating expense increased 10.2% in 2018 compared to 2017, primarily due to an increase in capacity days. Gross cruise costs per capacity day increased 2.7%. Adjusted net cruise cost excluding fuel per capacity day increased 2.6% on a constant currency basis and 2.9% as reported.
Fuel price per metric ton, net of hedges increased to $483 from $465 in 2017. The Company reported fuel expense of $392.7 million in the period.
“The team at Norwegian Cruise Line Holdings delivered a breakout year in 2018, once again generating industry-leading record financial performance. Strong global demand for our portfolio of brands, the successful, record-breaking introduction of Norwegian Bliss and the flawless execution of our demand creation strategies drove our fifth consecutive year of double-digit earnings per share growth," said Frank Del Rio, president and chief executive officer, in a statement.
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