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Articles from 2002 In February


Royal Caribbean and SeaSupplier team up on e-procurement

Royal Caribbean and SeaSupplier team up on e-procurement

The SeaSupplier system has been developed in the past six years and started as a communications link to suppliers of the Stolt parcel tankers fleet. 'This is the first contract we have signed in the cruise sector,' Terry Kearney, coo of SeaSupplier told Seatrade Insider. Although reluctant to disclose the length of the contract, Kearney revealed, 'it is less than five years but more than one.'

Kearney says the cruise industry requires a product quality level that is higher than in other areas of shipping and it also has the advantage of knowing in advance where the ship is located in order to execute a rapid supply exchange. He notes that just under 40% of all marine purchasing transactions are flawed due to incorrect specification, wrong product in the wrong place and invoice inaccuracies.

The SeaConnect system will provide electronic connectivity between RCCL and key vendors responsible for supplying up to 80% of RCCL's marine goods and services. It will integrate with RCCL's J D Edwards purchasing system and provide electronic and standardized transactions with marine suppliers to eliminate imprecise, paper-based activities.

RCCL expects to reduce its marine procurement costs (which Michael Allsup RCCL, vp supply chain management told Seatrade Cruise Review this time last year amount to around $600m annually) by 15-20%. The current project will go live in April and will be fully operational by late July.

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Worldapos;s wealthiest have cruise connections

Worldapos;s wealthiest have cruise connections

Forbes puts Arison's fortune at $3.6bn (that's down from $4.1bn last year when he held 96th place). Sister Shari Arison Dorsman of Israel occupies 112th place with $3.3bn. Others on the list who have cruise ties include Alwaleed Bin Talal Alsaud, who in 1997 put $20m into NCL Holdings (then parent of Norwegian Cruise Line). The Saudi prince is 11th with a fortune of $20bn.

Thomas Pritzker, at 55th place with $5bn, is a Royal Caribbean director, and the Pritzker family are major shareholders in the world's No. 2 cruise line. Fellow Royal director Eyal Ofer is the son of Sammy Ofer of Israel, at 208th place with $2bn, and the Ofer family own a sizable chunk of RCL shares through their company, Cruise Associates.

No. 1 on Forbes' list for the eighth consecutive year is Microsoft maven Bill Gates with a fortune of $52.8bn. Gates stayed on top despite losing $6bn last year, an amount equal to the valuation of the proposed Royal Caribbean-P&O Princess combination.

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Celebrity maps out 1st Charleston sailings

Celebrity maps out 1st Charleston sailings

The 1,870-passenger ship will offer a series of 10- and 11-night cruises to the Caribbean visiting such ports as Nassau, Tortola, St Thomas, St Maarten, Antigua, Belize, Cozumel, Grand Cayman and Key West. Fares start at $899 per person, double occupancy.

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Ritz-Carlton Santiago eyes cruise market

Ritz-Carlton Santiago eyes cruise market

JamesHughes, general manager for the 15-story property, says corporate CEOs and upscale cruise passengers will form part of the target market.'We're going to bring a new level of service and luxury to the city,' Hughes pledges. 'US leisure travel to Chile has been strong,' he adds. 'There is a lot of cruise ship business, along the coast and to Antarctica. We will be trying to capture the upper segments of that market. A company like Crystal Cruises might be interested in using our product.'

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Seven Seas Mariner to circle globe in apos;03

Seven Seas Mariner to circle globe in apos;03

(RSSC's first circumnavigation is currently underway on the 490-passenger Seven Seas Navigator.) Mariner's 108-night journey departs Los Angeles on January 21, 2003, and will visit 44 destinations in 28 countries on five continents. The voyage ends on May 9 in Fort Lauderdale.

Fares for the all-balcony-suite vessel start at $44,816 per person (which represents a 10% early bird savings if booked by July 1, 2002), including roundtrip first class air. Four segments and combinations of segments are also available. RSSC is offering an additional 5% savings for past guests and for world cruise veterans from other lines.

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Arison earned $1.68m bonus in 2001

Arison earned $1.68m bonus in 2001

45m bonus the year before. However, his salary remained the same: $510,000. According to documents the company filed today with the US Securities and Exchange Commission, Arison realised a profit of $36.7m from the exercise of options on 2m shares last year, and he was granted $1.6m in restricted stock compared to $1.8m in 2000. CCL closed up 85 cents today at $28.14. (See also earlier story: 'World's wealthiest have cruise connections').

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Maiden voyage of The World postponed

Maiden voyage of The World postponed

' The World's new sailing schedule will be released soon.

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Silversea alters commission pay policy

Silversea alters commission pay policy

In a memo, svp sales & marketing Bill Leiber said the change, effective from March 4, will help Silversea improve corporate efficiency and is related to payment clearance procedures instituted by credit card companies after September 11.

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P&O discounts 2003 world cruises

P&O discounts 2003 world cruises

The 76,152 gt Aurora and 69,153 gt Oriana will leave Southampton in January 2003 to once again circle the globe in opposite directions.

Peter Frawley, md of P&O Cruises in Australia, said that an added incentive for passengers who book a three-month world cruise is a shipboard credit of £500 (around A$1,400) for the purchase of drinks, gifts and beauty treatments. Frawley said line voyage passengers will receive an onboard credit of £250 (around A$700). Subject to availability, bookings will open later this year for shorter segments on both world voyages at 'competitive prices'.

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Steiner Q4 EPS $0.08 beats consensus

Steiner Q4 EPS $0.08 beats consensus

In the quarter ended December 31, net income dropped to $1.4m (EPS $0.08) on revenues of $52.7m compared to net income of $6.2m (EPS $0.40) on revenues of $41.9m in Q4 2000. The results reflect the third quarter completion of Steiner's acquisitions of Mandara Spa LLC and Mandara Spa Asia Limited, Greenhouse Day Spas and C.Spa, Inc. Full-year net income was $16.9m (EPS $1.06) on revenues of $194.4m, compared to 2000 net income of $23.7m (EPS $1.50) on revenues of $161.8m.

Steiner chairman Clive Warshaw said the impact of September's terrorist attacks continued to have a 'dramatic impact on our operating results during the fourth quarter. However, we have employed revenue and cost strategies in the weeks following September 11 that we believe should contribute to improved performance. During the quarter we substantially completed the integration of the land-based spa businesses we acquired in the third quarter and will continue to focus these divisions on increasing revenues and improving operating efficiencies.'

STNR closed today at $18.58, up 13 cents.

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