Argentina expects to handle 551,000 passengers during the current cruise season, up from 491,986 in 2017/18 and a 27% spike since 2016/17.

Work is under way at Port Canaveral to widen roads, improve traffic signals and install a new wayfinding system. These upgrades are aimed at easing traffic flow and promoting traffic safety around the port’s northside cruise terminals and growing cargo operations.

Bernt Reitan, who has served as a director of Royal Caribbean Cruises Ltd. since 2004, plans to retire from the board effective from the 2019 annnual shareholders meeting.

Royal Caribbean Cruises Ltd. declared a quarterly dividend of 70 cents share.

The TUI Group reported continued strong demand across all three of its cruise brands, TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises, in the first quarter.

Half a year after selling a majority stake in Silversea Cruises to Royal Caribbean for $1bn, Manfredi Lefebvre d'Ovidio has teamed with his friend Geoffrey Kent to jointly acquire 100% of the Abercrombie & Kent Group of Companies.

Awilhelmsen—one of Royal Caribbean's founders—sold 4.8m shares of RCL common stock in a transaction that enabled the Arne Wilhelmsen family to become the sole owner of the Oslo-based private investment company.

Norwegian Cruise Line Holdings plans to report fourth quarter and full year 2018 financial results on Feb. 21.

A remarkable transformation of three vessels is taking place at Gulf Island Shipyards in Houma, Louisiana. There, a paddlewheeler is being built for American Queen Steamboat Co. (AQSC), and the two coastal vessels of Victory Cruise Lines are being refurbished under the new ownership of AQSC.

Update: RCL closed at $120.98, a gain of 8%.

Royal Caribbean shares shot up 6% in early trading Wednesday as the company beat profit expectations for the fourth quarter of 2018 and said its booked position is better than at this time a year ago, at higher rates.

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