Continuing its dynamic development the German source market for ocean cruising grew 9.2% up to 1.69m passengers in 2013.
Underwriter Citigroup Global Markets has agreed to purchase all 15m ordinary Norwegian Cruise Line Holdings shares being offered by principal shareholders Star NCLC (a subsidiary of Genting Hong Kong) and Apollo Funds, at a price of $32.97 per share.
US Coast Guard port state control officers will conduct unannounced examinations on a number of cruise ships for the balance of 2014, according to a marine safety information bulletin.
The number of Germans taking river cruises in 2013 declined by 6.9% from 436,628 passengers in 2012 to 406,614 last year, mainly driven by political instability in Egypt that affected Nile cruises as well as high tides and the week-long lock operators' strike in Germany last summer.
Update adds Wells Fargo Securities' view that Genting's filing doesn't mean it would necessarily sell its entire stake in Norwegian over the coming year.
Genting Hong Kong plans to seek shareholder approval to sell its remaining Norwegian Cruise Line shares over the next 12 months.
Total ships: 24
Total berths: 64,303
Total Order Book Value:$15,222,800,000.00
Average Price Per Berth:$280,192