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Articles from 2001 In February


Losses for AMCV in 4Q and FY2000

Losses for AMCV in 4Q and FY2000

28 per share) on revenues of $61.9m, compared to a net loss of $33,000 on revenues of $55.5m during the last quarter of 1999. For the year ended December 31, the company recorded a net loss of $10.1m ($0.49 per share) on revenues of $221.6m, compared to 1999's net loss of $1.7m ($0.10 per share) on revenues of $208.7m. Turning to 2001, AMCV reports a record wave period while acknowledging that it's also discounting Hawaii cruises as it absorbs a year-over-year capacity increase of 140% in that market. Compared to last year, gross fare per diems on AMCV's Hawaii cruises in the first half of 2001 have dropped 24%, to $172 per passenger night.

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Panel to disclose safety findings

Panel to disclose safety findings

Conducted by M. Rosenblatt & Son, an AMSEC LLC Group, the study examined areas including evacuation procedures, fire safety, crew communications and regulatory oversight. It was undertaken as a response to IMO secretary general Bill O'Neil's call for a full safety evaluation and is one element of an on-going process. Another element is a planning workshop for a mass rescue exercise at sea, scheduled for March 26-27 in Jacksonville, Florida, in partnership with the US Coast Guard.

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HAL office back in action

HAL office back in action

Staff were back on duty today at Holland America Line headquarters in Seattle following yesterday's powerful earthquake.

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HAL closed by quake

HAL closed by quake

8 magnitude. Just a handful of serious injuries have been reported in the city, but thousands are without power.

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Star group posted loss in 2000

Star group posted loss in 2000

As a result, the group posted a net loss of $29.6m. Star including NCL recorded operating income (before adjusting for asset impairment loss from the Aquarius sale) of $198.3m for the year, compared to $106.9m in 1999. The group's net income for the period before adjusting for financing charges and amortisation of goodwill and trade names and trademarks arising from the acquisition and asset impairment loss was $112.6m. The acquisition led to $84.2m of additional interest expense and $13.9m of amortisation of goodwill, tradenames and trademarks and $6.4m of other fair value adjustments arising from the consolidation of NCL. For the year, the group recorded an occupancy of 97%, compared with 101% in 1999. While the Star brand continued to perform well in its core markets of Singapore and Hong Kong, occupancies were off in the new markets of Japan and Thailand. (Star occupancy dropped to 91% from 101% in 1999.) As earlier reported, Star is already addressing challenges in both Japan and Thailand with new deployments. The Asian brand's revenue in 2000 increased by 28% to $500.5m compared to $391.7m the year before. At NCL, revenue in 2000 grew 15% to $970.7m compared to $844.2m in 1999, due to higher yield, added capacity, all ships in service and consolidation of the Capricorn operation in Australia. Occupancy rose 1.9% to 100.2%, and net per diems were up 2.8%, resulting in yields increasing 5.6% year on year. Both the Star and NCL brands reduced operating expenses thanks to improved economies of scale and by implementing new cost control measures.

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Mexican president to inaugurate Costa Maya

Mexican president to inaugurate Costa Maya

Located in pristine, archaeologically-rich countryside 107 nautical miles south of Cozumel, the facility welcomed its first ship, Regal Empress, on December 27, and some 160,000 passenger arrivals are projected in 2001. Host of today's ceremonies is Joaquin Hendricks Diaz, governor of the state of Quintana Roo, and speeches will be presented by Guillermo Martinez Flores, the state's secretary of tourism; Isaac Hamui Abadi, general director of touristic promotion in Mahahual; Pedro Cerisola, federal secretary of communications; and Leticia Navarro, federal secretary of tourism. President Fox will oversee the formal flag raising and ribbon cutting ceremony. Developer Robert Shamosh Charabati says the port aims for 750,000 passengers annually in several years' time, which would zoom Costa Maya into one of the world's leading cruise destinations.

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Princess supports Glacier Bay impact study

Princess supports Glacier Bay impact study

As earlier reported, a three-judge appeals panel ordered the park service to roll back the number of permits issued and to conduct a thorough environmental impact study to gauge how ship traffic could affect the protected bay's flora and fauna. The Princess statement says, in part: 'There has been no evidence of any negative impact by cruise ships on Glacier Bay or its inhabitants, but to ensure its protection, Princess does support the completion of an environmental impact study before increasing the number of concession permits beyond current levels, which are the same as last year.' The line had no comment on whether the court ruling might be appealed.

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Libra to replace Leo for NCL in Hawaii

Libra to replace Leo for NCL in Hawaii

'Libra is a brand new, ultra-modern ship and purpose built for Freestyle Cruising in the North American market,' comments NCL president and ceo Colin Veitch. In addition to the planned delivery of SuperStar Scorpio in Autumn 2002, NCL will have both Libra class ships operating in North America under the NCL banner. 'Together with the Norwegian Sky and the Norwegian Sun (due for delivery in August), this redeployment will dramatically change the profile of the NCL fleet and at the same time continue to maintain our competitive edge,' Veitch adds.

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V. Ships opens Shanghai office

V. Ships opens Shanghai office

The company says the office has been created to take advantage of the growing shipping and consultancy business being generated in China. SL Consultants, led by md Shan Li, will offer services in newbuilding shipbroking and supervision, drydock negotiations and supervision, technical consultancy, third party inspections and general support in China. Shan brings extensive experience in dealing with Chinese yards and the wider Chinese shipping community. Before joining SL Consultants, he spent many years working with international companies on various projects and has already assisted general shipowners via V.Ships to structure newbuilding projects.

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Meadows outlines Seabourn enhancements

Meadows outlines Seabourn enhancements

The 'Seabourn Refined' programme represents a major investment for the line, since features will start to be unfurled this spring on European cruises that are already booked, points out Rick Meadows, svp sales and marketing. Guests will 'definitely be getting more than what they purchased,' he notes. But over the long-term, such added-value features will help the brand boost pricing (look for new pricing and itineraries to be announced in coming weeks). Previously, Seabourn guests got in-cabin liquor set-ups, complimentary wine with dinner and soft drinks in the public rooms. Now all wines and spirits in suite and in public and dining areas will be free of charge. Mini-massages by a single, dedicated therapist will be offered to passengers poolside. 'There's no question massage is something people equate with a cruise vacation,' Meadows says. And starting in 2002, all Seabourn itineraries will feature a 'Shoreside Experience,' which Meadows suggests could be something like a classical evening concert at Ephesus or a private after-hours reception at the Peggy Guggenheim Museum in Venice. Meanwhile, Seabourn is also stressing the availability of French balconies with some suites on the Pride, Spirit and Legend. Additional enhancements are planned, such as Egyptian cotton towels and new toiletries. While many of these moves directly address features offered by competitors like Silversea, Meadows identifies Seabourn's true competition as the small boutique hotels popping up around the globe. The 'Seabourn Refined' programme applies to the 208-passenger Seabourn Pride, Spirit and Legend and the 116-passenger Seabourn Goddess I and II. For now, no changes are planned for the larger Seabourn Sun, currently on its world cruise. Meadows says the vessel has been 'very well received' by world cruise guests, traditionally a line's 'hardest customers.' As Seabourn moves forward, look for the brand to stress the intimacy of its vessels as a key differentiation point from rivals. With the exception of Seabourn Sun, all are under 10,000gt.

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