Frank Del Rio, president and CEO, Norwegian Cruise Line Holdings, received 2019 compensation valued at $17.8m, compared to $22.6m in 2018.
Meyer Turku shipyard plans layoffs, said future production will stick to one large cruise ship a year, not two as hoped, and posted a 2019 loss.
The seven judges in Australia’s High Court have unanimously allowed an appeal by David Moore, a passenger aboard a Scenic Danube River cruise which became a bus trip across a flooded continent, to claim damages for ‘disappointment and distress.’
Norwegian Cruise Line Holdings expects to report a net loss on both a US GAAP and adjusted basis for the quarter ended March 31 and for 2020.
Norwegian Cruise Line Holdings and Royal Caribbean Cruises Ltd. secured additional liquidity by taking advantage of debt holidays for certain German-built ships.
In a note about Royal Caribbean reportedly looking to raise additional capital, Wells Fargo Securities ventured the 'likelihood' that the cruise industry will operate, best case, at 25% to 30% of fleet capacity in the second half of 2020.
Royal Caribbean Chairman and CEO Richard Fain's 2019 compensation was worth $14.36m, up from $12.42m the year before.
Royal Caribbean Cruises Ltd. is laying off or furloughing approximately 26% of its more than 5,000 US-based workers.
Lindblad Expeditions Holdings received a $6.6m US Small Business Administration loan from Citibank, NA.