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HAL expands spa, fitness programmes

HAL expands spa, fitness programmes

HAL is adding four new new spa treatments and eight new fitness programmes in the Steiner-operated spas fleetwide. Created by Elemis skincare products and spa therapies, the treatments include aroma stone therapy using hot oils, aromatherapy foot and hand treatments and scalp massage using Tahitian monoi oil. Fitness classes now include offerings like Ki-bo, Pilates and yoga toning.

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Radisson discounts Circle Pacific cruise

Radisson discounts Circle Pacific cruise

The 490-passenger, all-suite ship leaves San Francisco on September 15 and will visit 32 ports in 17 countries before arriving at Fort Lauderdale on November 23. The voyage is also being sold in four 12- to 23-night segments.

Customers who deposit by credit card on the same day they book can receive a shipboard credit of up to $500 per person. Complimentary shoreside events offered to all passengers include a 'Great Aussie Outback Experience at the Woolshed outside Brisbane' 'A Polynesian Beach Barbeque on Easter Island' and 'Maori Entertainment and New Zealand Cuisine Sampler at Wellington Botanical Gardens.' Prices for the full 68-night voyage start at $17,921 per person including up to 50% savings on the second-guest fare.

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ABX Logistics offers solutions to cash flow crunch

ABX Logistics offers solutions to cash flow crunch

At the same time, suppliers are shortening payment periods or demanding payment on receipt. Helping both cruise lines and suppliers overcome the cash crunch while streamlining operations and cutting associated administrative costs are the goals of ABX's new Global Commerce Solutions.

Services include design and administration of a logistics operation procedure, providing operating and cash cycle financing and simplifying billing by listing product and shipping together on a single invoice. ABX pays its clients' suppliers on delivery and extends credit to qualified clients. The company also insures clients' receivables and/or the client could receive up to 85% of the invoice value as a cash advance a few days after goods are shipped to their destination. 'These are processes to improve the cash cycle for companies, which is especially important now,' Brigneti says. The programmes are funded at ABX commercial interest rates. Rated AA+ by S&P and Moody's, ABX can obtain cash at more favourable rates than many companies, according to Brigneti.

In the few months that ABX Miami has offered Global Commerce Solutions, two local companies have signed on and discussions with two European firms were held during the Seatrade Convention. Brigneti tells Seatrade Insider he understands cruise line and supplier needs, having formerly worked as director of purchasing for Renaissance Cruises. ABX operates 500 offices in 36 countries. The Miami office with a new additional cruise-dedicated warehouse near Port Everglades is led by district manager Spencer Strader and of 35 employees, half are dedicated to the cruise business for import/export and warehouse inventory management.

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UBS Warburg previews Q1

UBS Warburg previews Q1

UBS Warburg's Cruise Pricing Survey saw strong results in mid-late March, with year-over-year Caribbean prices reflecting lower declines each week for the last three weeks in the month, according to analyst Robin Farley. She also notes that strong cost reduction has provided upside to CCL and RCL in Q1, suggesting there could be upside in POC's quarter as well.

Royal Caribbean preannounced its Q1'02 EPS of $0.25-$0.30 with expense reduction kicking in and net yields to be down 7-8%, instead of previous guidance of down 10%. Two unscheduled drydocks will have a $0.02-$0.03 per share impact on the quarter.

UBS Warburg's Q1 EPS estimate for P&O Princess is $0.03 versus the consensus of $0.01, based on management's conservative 8% yield decline guidance (11% for the Princess brand) and 6.6% decline in controllable costs per passenger cruise day. 'P&O Princess' booking curve is longer than CCL's and RCL's due to its focus on the premium market, so we don't expect as strong a Q1 yield recovery in its North American brand,' Farley writes. But, again, cost reduction may benefit POC. Based on the strong recent guidance from Carnival and Royal, Farley would not be surprised to see Princess management give Q2 and Q3 yield guidance better than Q1 levels.

UBS Warburg's net yield assumption for the year is for a 6.6% decline, reflecting Q2 and Q3 yields down 8% and 9%, respectively. 'If we were to reduce the yield decline for POC to roughly 5% for the year, which would be close to 7% for its North American capacity, that could add $0.19 to '02 EPS bringing estimates to $1.66, and $0.23 to our '03 estimate bringing it to $2.28. However, we note that POC redeployed roughly 12% of its '02 capacity, significantly more than RCL and CCL, so that will put additional pressure on POC yields,' Farley observes.

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