Royal Caribbean Profit Plunge
Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, said its quarterly profit fell by two-thirds as costs rose and six cruises were canceled or shortened due to several mishaps. Shares of the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, fell as much as 3.2 percent in early trading. The company shortened or canceled six cruises during January-March, typically the strongest season for cruise operators.
Maersk Line to Start New Asia-Latin America Service
Maersk Line announced the launch of the new Asia – Latin America / West Coast South America services. The service will provide Maersk Line’s customers with new direct products for Colombia, the Caribbean and Pecem, Brazil. It will reduce transit times and offer greater port coverage, while maintaining the network’s leading reliability. The new service will begin operations at the beginning of April 2018. To improve its product offering and optimise its Asia – Latin America / West Coast South America (AC) network, Maersk Line will add a fourth loop to the network at of the beginning of April.
Meidel Joins Crowley Fuels in Alaska
Rick Meidel has joined Crowley Fuels as vice president and general manager, responsible for the performance and day-to-day operations of Crowley’s Alaska division. Meidel previously spent 32 years with ExxonMobil in downstream lubricants, retail fuels marketing, refinery optimization and natural gas and co-generation power commercialization. He earned a bachelor’s degree in electrical engineering from Washington University in St. Louis. In his new role, Meidel will be based in Anchorage and report to Rocky Smith, senior vice president and general manager.
Hamburg Süd to Launch New Asia-Americas Service
Beginning in April, Hamburg Süd is launching a new service network between Asia and South America West Coast, Mexico, Central America and the Caribbean. Concealed behind the service names ASPA and ASCA will then be a completely new product to replace the present partnership with other liner shipping companies (Vessel Sharing Agreement) in this trade. Customers will benefit from additional direct connections, higher sailing requencies, greater flexibility as well as shorter transit times.
'Navigator of the Seas' to Homeport Port of Galveston
Port of Galveston say that Royal Caribbean International is to base their Voyager-class ship year-round from Galveston, from November 2013. The Navigator of the Seas, due for an extensive drydock refit in January 2014, will replace Mariner of the Seas to offer Texas vacationers roundtrip seven-night Western Caribbean itineraries throughout the year. “The repositioning of Navigator of the Seas to the Port of Galveston represents Royal Caribbean’s confidence in the Port of Galveston’s efficient cruise operations and ability to attract passengers on its Voyager class ships…
Royal Caribbean Announces Winter 2015-16 Schedule
Four of the Regions Largest and Most Innovative Cruise Ships to Sail from Port Everglades and Port Canaveral. The cruise line has announced that Allure of the Seas, Oasis of the Seas, Freedom of the Seas and Serenade of the Seas will sail the Caribbean from convenient Florida homeports for the winter 2015-16 season, which are now open for sale. Sister-ships Allure of the Seas and Oasis of the Seas will offer vacationers still-matched Caribbean cruises in the 2015-16 winter season. Both ships will homeport at Port Everglades in Fort Lauderdale, Fla.
Shipbuilders 'Get on Your Marks' as Cruise Line Ponders New Order
Royal Caribbean chairman hints that new ship order is possible. During the Royal Caribbean second quarter 2012 financial results conference call, Royal Caribbean chairman hinted at the possibility that Royal Caribbean could order a new ship for either Royal Caribbean or its sister company, Celebrity Cruises. Royal Caribbean Chairman Richard Fain spoke about the possibility, "We clearly are looking at that sort of thing. "From 2012 through 2016, our berth capacity growth is less than 3%, and in fact, we don't have any ship deliveries in 2013 at all," he said.
Royal Caribbean Profit Jumps on Higher European Demand
Royal Caribbean Cruises Ltd's quarterly profit beat analysts' average estimate as demand for its European and Chinese cruises increased and passengers spent more on board, helping it raise its full-year profit forecast. Shares of the world's second-largest cruise operator rose as much as 9.1 percent to a life-high of $61.35. European cruises account for 22 percent of the capacity in the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise. The company raised its full-year earnings forecast to $3.40-$3.50 per share, from $3.25-$3.45.
Another Megaship to Join Royal Caribbean Cruise Fleet
Royal Caribbean has ordered a fourth ship for its Quantum Class family of ships from Meyer Werft. The ship will be delivered in 2019. With two Quantum-class vessels already delivered and a third under construction, Royal Caribbean Cruises on Thursday announced plans to order a fourth. The Miami-based cruise ship company said it had entered into an agreement with the Meyer Werft shipyard in Germany to build the 4,180-passenger vessel. The sister ship to Quantum and Anthem of the Seas will be delivered in 2019…
CMA CGM Services to Asia and Mexico, Central America & WCSA
In a continued effort to provide our customers with reliable and efficient services from Asia to Latin America, CMA CGM wishes to inform about the improvement of ACSA services linking Asia to Mexico, Central America and West Coast South America. Port coverage will increase and will be improved with: Pusan EB call, Balboa EB and Coronel on ACSA 2. CMA CGM will keep providing the most efficient services to link Asia to West Coast Latin America and Caribbean: 4 unique direct services from Asia to Mexico…
Shipyard Seeks Loan to Build New Cruise Ship
STX Finland is now lobbying the Finnish government on behalf of Royal Caribbean in a bid to get contract for third 'Oasis-class' cruise ship. A loan would help facilitate a deal to avoid Royal Caribbean building its third Oasis-class cruise ship in Germany or France. The state owned financing firm, Finnvera, has reached an impasse with Royal Caribbean to securing a loan to allow the proposed ship to be built. STX is concerned that if a deal is not reached soon between Royal Caribbean and Finnvera, the cruise giant may look to shipyards in Germany or France as alternatives.
New CFO at Royal Caribbean
Royal Caribbean announced that Brian Rice, Vice Chairman and CFO of Royal Caribbean Cruises Ltd., will transition his CFO responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. Rice will continue to serve as Vice Chairman until his retirement, overseeing Royal Caribbean’s finance, supply chain, strategy and information technology functions. Rice has been with Royal Caribbean for more than 20 years, serving as CFO since 2006 and Vice Chairman since 2012.
Bayley Tapped as President, CEO Celebrity Cruises
Royal Caribbean Cruises, Ltd. said that Michael Bayley has been promoted to President and CEO of Celebrity Cruises, replacing Dan Hanrahan, whose departure was recently announced. Bayley will report directly to Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises, Ltd. Bayley has been with Royal Caribbean for over 30 years, most recently as Executive Vice President of Operations. Prior to this role, Bayley served as Executive Vice President — International, where he oversaw the international expansion for the company.
Offshore Caribbean Deepwater Drilling Response Forum
Caribbean nations will come together for the first time to specifically address emergency response protocols for offshore deepwater drilling activities. Open Forum’s inaugural conference: 'One Caribbean – One Responseon' will be held September 13, 2012, in Port of Spain, Trinidad. “The Caribbean Sea and Gulf of Mexico are inextricably linked by the continuous flow of ocean currents and eddy streams. A deepwater event in any one of these regions becomes everyone’s challenge,” said Open Forum founder Lee Hunt, former President of the International Association of Drilling Contractors.
Freedom of the Seas Revitalized
Re-emerging from a 24-day drydock at Grand Bahama Shipyard, Royal Caribbean’s Freedom of the Seas returned into service this weekend to offer vacationers one of the best cruise ships for incredible Caribbean’s adventures. The ship showcased its new features to more than 1,700 of the cruise line’s value travel agent partners on an exclusive two-night sailing before embarking on its first regular itinerary on Sunday, Feb. The newly revitalized Freedom of the Seas will amaze guests with a range of new tantalizing dining options…
Maritime Leaders Convene in the Caribbean
Representatives from all aspects of the maritime shipping industry met in Cocoa Beach, Fla., May 16-18 for the Caribbean Shipping Associations’ (CSA) Shipping Executives Conference. Attendees include shippers, ship owners, port authorities and terminal operators, and non-vessel owners, such as brokers. A major theme of the conference was the close relationship between Florida ports and the Caribbean markets. “Florida ports have had a long relationship of trade with the Caribbean nations…
Women's Conference Aims to Establish Caribbean Association
Jamaica is to host the Caribbean’s first ever Women in Maritime Association Conference as a first step towards establishing an IMO Women in Maritime Association for the region. Taking place in Montego Bay, Jamaica, from April 13-17, the Conference aims to support regional efforts to deepen the integration of women in the maritime sector through the establishment of a Women in Maritime Association (WiMA) for the Caribbean. WiMA is the International Maritime Organization’s (IMO) gender programme which this year marks its 27th year.
RCCL: Bayley, Lutoff-Perlo take CEO Posts
Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean International. Lisa Lutoff-Perlo, whose career at the company began in the New England sales office, will serve as President and CEO of Celebrity Cruises. “This is a happy day for Michael and Lisa, and a proud day for all of us at the company,” said Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises Ltd.
Singapore's Sembcorp Marine Becomes RCL Favoured Shipyard
Sembcorp's Sembawang Shipyard gets ship repair Favoured Customer Contract (FCC) from Royal Caribbean Cruises Ltd. (RCL). The contract, signed in Miami, Florida, USA, by Mr. Kevin Douglas, Vice President of Technical Projects and Newbuildings for Royal Caribbean Cruises Ltd., Mr. Svein Taklo, Vice President, Marine Operations for Royal Caribbean International, and Ms. Wong Lee- Lin, Executive Director, Sembawang Shipyard, commits the repairs, revitalisation and upgrading of its fleet of passenger ships cruising in the Singapore region to Sembawang Shipyard.
Carnival's Profit Forecast Down
Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean. Shares of the company, which operates the Carnival, Holland America and Costa cruise lines, fell as much as 3 percent. "The North American brands are ahead on price but are still behind on occupancy as a result of the large increase in industry capacity in the Caribbean," Chief Financial Officer David Bernstein said on a conference call.
Petrobras Makes Discovery in Colombian Caribbean Waters
The Petrobras Orca–1 exploratory well (Tayrona Block) has revealed a natural gas accumulation in Colombian Caribbean deep waters, 40 km off the coast of La Guajira. This is the first discovery in the history of the deep water exploration of this region of the Caribbean. Petrobras is the operator (40%), in partnership with Ecopetrol (30%), and Repsol (30%). Well drilling ended in September, reaching 4,240 meters. The water depth is 674 meters. The natural gas accumulation was confirmed at 3,600 meters. Petrobras will continue operations as planned in order to assess the discovery.
Cruise Ship Internet Access Contract for O3b
O3b Networks contracted by Royal Caribbean Cruises Ltd, to provide high-speed satellite-delivered broadband service aboard 'Allure of the Seas'. The new contract will allow more than 8,000 guests, staff and crew members traveling the Caribbean to connect to the internet at fiber-like speeds at sea. Royal Caribbean was the first to enlist O3b’s new maritime offering O3bMaritime aboard, Allure of the Seas’ sister ship, Oasis of the Seas when they signed a contract last summer.
Changes at Crowley, P.R./Caribbean
Crowley's Puerto Rico/Caribbean liner services group announced two management appointments on Feb. 9 — Rudy Leming to vice president, marine & terminal operations, and Matt Jackson to vice president, Caribbean Island services. Both will report to John Douglass, senior vice president and general manager, and remain domiciled in Jacksonville. In filling a newly created position, Leming, who previously served as vice president, Caribbean Island services will be responsible for terminal operations and maintenance at Crowley's Jacksonville…
Maritime Women's Organization Establishes Caribbean Relief Fund
The Women in Maritime Association, Caribbean (WiMAC), has launched a hurricane relief fund to provide aid to its Caribbean colleagues/sisters as they try to recover from the aftermath of Hurricanes Irma and Maria which have devastated several Islands. The relief fund called “HURRICANE RELIEF FUND FOR CARIBBEAN COUNTRIES”, has been established to expand the appeal for resources to these badly affected communities. WiMAC was launched in April 2015, in Montego Bay, Jamaica and comprises female maritime professionals committed to increasing the performance…
New Program Improves Used-vehicle Export Process
A pilot Vehicle Validation Export Process Program that kicked off in Florida earlier this month allows shippers to submit original vehicle export documentation electronically instead of delivering physical copies to a local customs trade office. The automated program, which is the first of its kind anywhere in the country, was launched with the help of Crowley Maritime Corp. and is currently being offered in Port Everglades, Fla. to exporters shipping used vehicles from South Florida to destinations throughout the Caribbean, Central America and beyond.
Jamaica Hosts CMOU Port State Control Committee
Minister of Transport, Works and Housing, Dr. the Hon. Omar Davies, MP, will be giving the opening address at the 19th annual meeting of the Caribbean Port State Control Committee (CPSCC 19), put on by the Secretariat of the Caribbean Memorandum of Understanding (CMOU) which begins with an official ceremony on June 23, 2014 at the Holiday Inn Sun Spree Resort in Montego Bay. The Secretariat of the CMOU is located at the offices of the Maritime Authority of Jamaica (MAJ) in Kingston. As Jamaica’s maritime administration, the MAJ takes very seriously its port State control responsibilities.