Finance

Saga's interim results for the six-month period ending July 31 show double-digit revenue growth on the success of its cruise and travel businesses. 

The Ritz-Carlton Yacht Collection plans eight to 10 ships for multiple Marriott International brands and expects to go public in the next three to four years, Executive Chairman and CEO Jim Murren told Seatrade Cruise News.

Fincantieri signed an €800m facility agreement – for a five-year term with three years grace period and 70% guaranteed by SACE – to address funding needs for organic growth and the development of its backlog.  

The UK-based global welfare charity Sailors' Society received an extraordinary cash donation from Crystal Serenity crew.

The Port of New Orleans was awarded $947,280 in recently announced Port Security Grant funding from the US Federal Emergency Management Agency (FEMA).

Virgin Voyages closed on a $550m capital raise led by Ares Management, and President Nirmal Saverimuttu will succeed Tom McAlpin as CEO as McAlpin moves to chairman.

Australian Pacific Touring (APT) fired back at allegations it owes A$2m in unpaid crew wages.