Tagged: NCL Corporation / NCLH

Two former cruise CEOs duked it out in court. One came out the clear winner

For the past week, it has been a battle of the former Norwegian Cruise Line Holdings CEOs. In a weeklong jury trial, former cruise chief Colin Veitch argued that his successor, Kevin Sheehan, withheld payments from Veitch and made allegedly defamatory statements about him in the media. (Sheehan also has departed the line.) Veitch sought $95 million in damages. (miamiherald.com)




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Norwegian Cruise CEO Says Cuba Sailings Are Selling Strong

Norwegian’s results are more evidence that the cruise industry is booming despite the downturn in the up-and-coming China market. By using language like “the stars aligned,” however, executives sound like they’re trying to lower expectations that the good luck will stick around. (skift.com)




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Alibaba Enters China Cruise Market in Partner Deal with Norwegian Cruise Line Holdings

“The two companies will leverage Norwegian’s expertise in providing exceptional vacation experiences and its innovative and award-winning cruise offerings along with Alibaba’s unparalleled insights into the wants and needs of the Chinese consumer to deliver the cruise industry’s most-customized product for the local China market,” said a press release. (cruiseindustrynews.com)




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PortMiami Set to Develop New Terminal for Norwegian

The Norwegian Epic at MiamiPortMiami is moving forward to construct a brand new $100 million cruise terminal (Terminal B) for Norwegian Cruise Line Holdings, which will get preferential use of the terminal. The new Terminal B will be able to handle two megaships, according to a resolution approved by Miami-Dade county. (cruiseindustrynews.com)




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Norwegian Cruise Line Holdings Releases 2016 Environmental Report

Norwegian Cruise Line Holdings Ltd. (NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today (24 Apr.) released its 2016 Environmental Report and unveiled its global environmental program, ‘Sail & Sustain’, in observance of Earth Day. (finance.yahoo.com)




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Genting Hong Kong warns of deep 2016 loss on asset depreciation, start up costs of Dream Cruise and MV-Werften

Genting Hong Kong, the rapidly expanding Hong Kong based cruise shipping group, has warned that it will report a deep loss for 2016 due to depreciation of assets for sale and start up costs of its dream Cruise premium market brand plus MV-Werften shipyards in Germany. (cruisebusiness.com)




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Norwegian Cruise Line Announces Proposed $700,000,000 Debt Offering

NCL Corporation, a subsidiary of Norwegian Cruise Line Holdings, announced that it is proposing to sell $700.0 million aggregate principal amount of senior unsecured notes due 2021 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. (cruiseindustrynews.com)




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Norwegian Reports 2016 Q3 Earnings

The Norwegian Epic at MiamiNorwegian Cruise Line Holdings reported financial results for the third quarter ended September 30, 2016, and provided guidance for the fourth quarter and full year 2016. (cruiseindustrynews.com)




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Italian Media: Fincantieri About to Land Norwegian Ship Order

Italian media reports claim that Fincantieri is poised to land a major ship order from Norwegian Cruise Line Holdings. Affaritaliani.it, an online Italian newspaper based in Milan, reports that the order will be for six megaships with deliveries of the 130,000-ton vessels starting in 2022. (cruiseindustrynews.com)




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Del Rio: ‘Better Product and Better Earnings on All Three Brands’

“One of the advantages of running a small cruise line, like we do, with just 25 ships, is that we can still share ideas and implement the best practices in a very simplistic, non-bureaucratic manner,” said Frank del Rio, president and CEO of Norwegian Cruise Line Holdings (NCLH), in a press conference at China Cruise Shipping. (cruiseindustrynews.com)




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