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Meyer Werft’s Turku acquisition and TUI Cruises’ two orders confirmed

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Photo credit: Jouni Saaristo

Finnish government and the German shipbuilder Meyer Werft have finalised the purchase of the whole share capital of STX Finland Oy from STX Europe Ltd. Meyer Werft and the State of Finland had published the signing of the acquisition agreement on August 4, 2014. Now the remaining open conditions for the acquisition have been fulfilled: The German antitrust authority approved the corporate acquisition after completing a merger control review. Final decisions regarding construction financing with the commercial banks have also been obtained.

The new name of the company is Meyer Turku Oy.

Meanwhile, the order of German TUI Cruises of two new cruise ships from Meyer Turku has become effective. The ordered ships are sister ships for Mein Schiff 3, which was delivered from the Turku Shipyard in May 2014, and Mein Schiff 4, which will be delivered to TUI Cruises in May 2015. The order of these two new ships is expected to create a direct employment effect of at least 10,000 man years. The ships will be delivered in 2016 and 2017. Furthermore, Meyer Turku and TUI Cruises agreed on two options, with deliveries in 2018 and 2019.

Meyer Werft took up 70 percent of the shares and will carry the main responsibility for the yard’s operations and its further development. The State of Finland purchased 30 percent of the share capital through the Finnish Industry Investment Ltd, a fully government-owned investment company. The investors have injected new equity into the new company, which will constitute a solid basis for further development. 

Cruising injected $44 billion in US economy 2013 – study

An independent report commissioned by CLIA from Business Research and Economic Advisers (BREA), The Contribution of the North American Cruise Industry to the U.S. Economy in 2013, has found that total contributions of the cruise industry to the U.S. economy reached a record $44.1 billion last yrear.

“The cruise industry supported 363,133 U.S. jobs, in every state, paying wages of $18.3 billion. Nearly 10 million cruise passengers embarked at U.S. ports, representing 57% of the North American cruise industry’s global embarkations,” the report said. U.S.-based direct spending by cruise lines, passengers, and crew totaled $20.1 billion, nearly double expenditures made in 2000. Nearly 70% of the cruise industry’s non-wage expenditures were made with U.S.-based businesses

The BREA study found that the positive impacts of the cruise industry are found in every state, ranging from 3,227 jobs and $138 million in direct purchases in Missouri, to more than 140,400 jobs and over $7.3 billion in direct purchases in Florida.

The top 10 U.S. cruise ports accounted for 86 percent of embarkations. Florida remains the center of cruising in the United States, with its five cruise ports accounting for nearly 62 percent of all U.S. embarkations in 2013. California, Texas, and New York each had more than 600,000 embarkations.

Cruise industry worldwide expenditures $117 billion in 2013 - CLIA

Cruise industry expenditures generated $117 billion in total output worldwide in 2013, requiring 891,009 full-time equivalent employees who earned $38.47 billion in income, Cruise Lines International Association(CLIA) said in a statement. Christine Duffy, CLIA presideng and ceo, noted in the statement that on a global basis, over the ten years from 2003 to 2013, demand for cruising worldwide has increased 77% from 12 million to 21.3 million passengers.

Holland America Line names its new ship as Koningsdam

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Holland America Line revealed the name of its new 99,500 gross ton cruise ship slated for delivery in February 2016 will be Koningsdam. While the name pays homage to the company’s rich heritage and deep roots in the Netherlands, it also reflects a new era with a bold name that is an original in Holland America Line’s 141-year history.  The 2,650-passenger ship is an evolution in design for the line — a new Pinnacle Class — and is being built at Italian shipbuilder Fincantieri’s Marghera shipyard.

Since 1883 every Holland America passenger vessel has borne the "dam" suffix, and Koningsdam carries on that tradition. The word koning means "king" in Dutch, and the name celebrates the majestic new ship. The name also pays honor to His Majesty King Willem-Alexander, the first king of the Netherlands in over a century.

Holland America Line has a long, proud history with the Netherlands. All 15 premium cruise ships fly the Dutch flag as they sail throughout the world, to more than 400 ports of call. The historic greatness of the line’s Dutch heritage is shared with nearly one million guests each year. And the line has many Dutch employees, including most of the fleet’s captains and officers.

Many of Holland America Line’s ships have been christened by members of the Dutch Royal Family over the past 75 years. Most recently, Nieuw Amsterdam was christened by Her Royal Highness Princess Máxima in 2010. And in 2008 Eurodam was christened by Her Majesty Queen Beatrix of the Netherlands.

"In choosing the name Koningsdam, we are honoring our rich Dutch heritage while reflecting that we’re entering a new era as a company," said Stein Kruse, chief executive officer of the Holland America Group. "This new Pinnacle Class ship will be our largest, most contemporary vessel, and it was only fitting to give it a name that embodies great achievement for the future, while embracing timeless tradition."

Holland America Line was founded in the Netherlands in 1873 as the Netherlands-American Steamship Company headquartered in Rotterdam. The original headquarters building still stands today as the Hotel New York on the Wilhelmina Pier, with the company’s European headquarters located nearby.

New design for a new class of ship

When it debuts in February 2016, Koningsdam will be a new type of ship for Holland America Line. At 99,500 gross tons and carrying 2,650 guests and 1,025 crew members, the vessel is the largest ever built for the company. The increased size provides more opportunities to add new public spaces and venues, and several innovative features will debut on Koningsdam. Familiar spaces and amenities currently featured across the Holland America Line fleet will also be found on the new ship.

To bring a fresh vision to Koningsdam, Holland America Line tapped Adam D. Tihany, one of the world’s pre-eminent hospitality designers. Tihany joins distinguished maritime designer and architect Bjorn Storbraaten who worked with Holland America Line on Nieuw Amsterdam and Eurodam. The two firms will create a modern and contemporary ambiance while incorporating Holland America Line’s classic hallmarks.

Dingle to become Carnival UK chairman, Noyes new CEO

Carnival Corporation & plc, the Anglo American cruise shipping group, said that David Dingle has been appointed chairman of Carnival UK and David Noyes, currently executive vice president operations, has been promoted to the CEO role, with operating responsibility for the UK-based brands P&O Cruises and Cunard Line. 

Dingle and Noyes will take up their new roles on October 1, and will both report to Carnival Corporation & plc president and CEO Arnold Donald.

“This moves allows us to strengthen further our overall leadership in the critically important UK marketplace, while also promoting from within to leverage the skills, experience and capabilities of our executive team,” said Donald. 

Dingle, who became CEO in 2007, joined P&O Cruises in London in 1978 where, after holding a series of commercial positions, he became managing director in 2000. At the time of the merger of P&O Princess Cruises plc and the Carnival Corporation in April 2003, he became managing director of Carnival UK.

Noyes joined Carnival UK in 2011, in his current position.  Prior to joining Carnival, he worked in the UK travel industry for 25 years, mainly with British Airways, where he was responsible for BA’s worldwide customer services operation, and latterly with Gray Dawes Travel as CEO.

Elaine Holt will join Carnival UK on October 1 as David Noyes’ replacement as executive vice president operations following a highly successful career in the rail, road and airline industries. She has led a series of transformational programmes as executive chairman of East Coast Mainline and before that as managing director of First Capital Connect.  Most recently she has acted as a non executive director of the Highways Agency. 

Commenting on the appointments, David Dingle said: “David Noyes is exceptionally placed to lead P&O Cruises and Cunard into the future and grow the business for the next generation. Elaine brings with her a strong blend of operational and customer services skills and will be a very valuable addition to our executive team.”

Dingle is a former President of The UK Chamber of Shipping and the European Cruise Council (now CLIA Europe) and continues to serve on the boards of both groups. In 2009, he joined the board of the European Community Shipowners Association. He has previously served as a director of the Association of British Travel Agents and The UK Passenger Shipping Association. 

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