Predictions for the Cruise Industry Part III - Why Are Cruise Ships Being Scrapped?
Cruise Industry Predictions -Cruise Lines are scrapping cruise ships well before their useful lives are over. Now that the pause in cruise operations enters its fourth month, the future of cruising this year does not look good. As predicted earlier cruise lines are starting to dispose of ships well before the end of their natural lives. This action is being driven by a number of underlying circumstances. One is the lack of demand for cruises in the near future. In addition, some of these older ship's accommodations do not offer balcony cabins. Forward looking most passengers will desire balcony cabins due to the fear of an outbreak of coronavirus and fear of being quarantined in their cabin. It is expected that the demand for inside and outside cabins will definitely be less and the cruise lines will be forced to sell those at a much steeper discount. For these older ships, which do not offer many balconies, the revenue generated will be far less than...
