The Caribbean booking environment continues to be 'extremely promotional,' particularly for cruises of seven and fewer nights, Royal Caribbean officials said Thursday, adding they expect this climate to continue throughout 2014. Longer Caribbean sailings are performing better.
Six voyage disruptions dragged Royal Caribbean's first quarter profit to the lower end of guidance but the company expects to make up for that in the rest of the year and raised its 2014 earnings per share range by a nickel.
Carnival Cruise Lines upped its game in Texas, where it's already the largest cruise operator, by adding a third year-round ship in Galveston. Carnival Freedom will launch a seven-day cruise schedule in February 2015, marking the first time a cruise line has deployed three year-round ships in the state.
Mein Schiff 3 will be a 'dramatic addition to the German scene,' in the words of Royal Caribbean chairman and ceo Richard Fain.
The Athens Convention relating to the Carriage of Passengers and their Luggage by Sea, 2002, which substantially raises the limits of liability for a death or personal injury on a ship, entered into force Wednesday.
'The cruise industry worked closely with the P&I clubs and interested coastal states in crafting an instrument that ensures passengers are adequately compensated but that the liabilities are insurable,' according to Michael Crye, a Washington, DC-based maritime expert who was involved with Athens Convention matters in his former roles as evp of Cruise Lines Internati
Total ships: 25
Total berths: 74,811
Total Order Book Value:$17,630,800,000.00
Average Price Per Berth:$272,194