Calling the Prestige Cruises International acquisition 'the most exciting point since my joining Norwegian,' ceo Kevin Sheehan said the deal further validates the strategy of strengthening the product and balance sheet following the company's highly successful IPO in January 2013.
Royal Caribbean Cruises Ltd. confirmed it is selling the 1995-built Celebrity Century to Exquisite Marine Ltd., a holding company led by Ctrip.com International, which calls itself China's leading online travel agency. The sale will result in a non-cash loss of approximately $20m.
Norwegian Cruise Line Holdings confirmed it has entered into a definitive agreement to acquire Prestige Cruises International, the parent of Oceania Cruises and Regent Seven Seas Cruises. The cash and stock deal is valued at $3bn, including the assumption of debt, and is expected to be immediately accretive.
Day two of Cruise Norway’s 2014 site inspection saw cruise line representatives visiting the Kristiansund region located in mid-Norway.
Trondheim, the historical capital of Norway, hosted cruise line representatives from the UK, Germany, Italy, France and the US today on Cruise Norway and partners 2014 site inspection.
Total ships: 31
Total berths: 100,075
Total Order Book Value:$23,939,948,000.00
Average Price Per Berth:$267,583