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Royal Caribbean's Earnings Call - Royal Caribbean May Sell Off Older Ships.

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  Empress of the Seas is One of the Royal Caribbean Ships At Risk Of Being Sold In a recent earnings call Royal Caribbean Group announced that they are indeed looking at possibly shedding older ships in addition to the Sovereign and Monarch (ex Monarch of the Seas and Sovereign of the Seas) which were recently beached in Alaiga, Turkey. Royal Caribbean has announced that the 3rd ship in the Pullmantur fleet - the Zenith - which sailed for many years from New York to Bermuda for Celebrity Cruises - will most likely be scrapped. The Zenith is laid up in Lavrio Greece.  Just as a side note the Zenith was supposed to be chartered/purchased by Peaceboat,org for world wide peace missions. She was supposed to sail along side the Ocean Dream (originally built as Carnival Cruises' Tropicale). Based on the announcement above it is unclear which ship(s) Peaceboat will operate in 2021. The Zenith's identical sister ship - the Horizon is also at risk. The Horizon was also a popular ship fo...
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History - Italian Line's Sleek Michelangelo and Raffaello

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Italian Line's Sleek and Modern Ocean Liner Michelangelo and Raffaello. The final two new liners built for the Italian Line, the Michelangelo (April, 1965) and Raffaello (1965) were the luxurious, sleek, modern liners using many new construction materials. The superstructure of the liners was primarily made of lightweight aluminum.  Despite being planned as identical ships, Raffaello was 2.3 feet shorter, 1.3 feet wider, and approximately 22 tons larger than the Michelangelo. The Michelangelo weighed in at 45,933 tons; 903 feet long; carries; 1,775 Passengers and 720 crew. Built as 3 class liners, they were not well suited for the cruising trade when airlines grew in popularity and cruising  was the life blood of the transatlantic operators. An odd design of these ships was that all of the cabin in the hull were inside cabins. It was said that the designer of the ship thought that portholes took away from the external appearance of the ships. This also proved to be a ...
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Genting Hong Kong Restructuring - Potentially Star Cruises, Dream Cruises and Crystal Cruises Impacted.

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  Dream Cruises Ship Part of Genting Group Hong Kong Genting Hong Kong has suspended all payments to creditors, sparking a 33% drop in the company’s share price. Genting cited COVID-19’s impact on its operations  — which include Dream Cruises, Star Cruises and Crystal Cruises — for the cash crunch, in a statement to the Hong Kong stock exchange Wednesday night.   ‘The Group has undertaken a number of cost reduction and cash conservation measures to mitigate the effects of the resultant loss of revenues from its operations,’ the statement said. The company owed a total of $3.4bn as of July 31.   Bank fees due on newbuilds On August 17, Dream Global One Ltd and Dream Global Two Ltd (subsidiaries of Genting HK) were required to pay bank fees amounting to  €3.7m in connection with the financing of the construction of ‘certain ships’, said the company statement. Those fees were not paid.   Earlier this month Genting warned of a year delay in ...
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