- Holland America Line makes three director appointments in fleet operations department
- Windstar Cruises introduces new yacht and voyage collection
- Mein Schiff 3 to improve energy efficiency by about 30%
- Regent Seven Seas makes itinerary changes for fall 2014
- Mein Schiff 1 godmother to celebrate fourth anniversary of ship with gala concert
- Carnival issues profit warning, says yields to fall, shares dive in London
- Richard J. O'Hanlon appointed Vice President, Nautical and Safety Operations for Carnival Cruise Lines
- Viking launches its ocean project, company rebrands
- Royal Caribbean's Vice Chairman and CFO Rice to retire
- TUI AG to restructure Hapag-Lloyd Kreuzfahrten unit after its deep interim losses
- RCCL to revitalise Voyager of the Seas before 2014-15 Australasia deployment
- High airfares force Carnival Cruise Lines out of Europe 2014
Ports & Destinations
- Athens prepares to host Posidonia Sea Tourism Conference
- Norwegian Breakaway makes maiden call to Bermuda
- Study demonstrates that BC cruise ports continue to be an economic hub in Canada
- Ports America awarded operating contract for Port of Los Angeles Cruise Terminal
- Cruise tourism's contribution to Dubai's tourism growth due to grow in 2014
Products & services
- Wallem opens offices in South Africa
- Trimline and Carnival UK agree an on board interior maintenance service for five ships
- Wärtsilä Aquarius ballast water system received final approval
- Wallem opens first hub of expertise in Singapore as it looks to establish strategic maritime locations around the world
- AIDA calls at Lloyd Werft for the first time
- Category: Top Headlines
- Published on Friday, 28 August 2009 14:33
- Written by Kari Reinikainen
Star Cruises, the Far East focused crompany that owns 50% of Norwegian Cruise Line (NCL), has reported a net loss of $41.7 million for 1H09, slightly lower than the $49.6 million loss in the same period last year.
The Group’s total revenue for 1H 2009 was US$167.6 million, decreased by 17.9% from US$204.1 million for 1H 2008. Net revenue for 1H 2009 decreased 22.3% from 1H 2008. The decrease was primarily due to 36.8% reduction in capacity days, partially offset by an increase in net yield of 23.0% and an increase in occupancy percentage of 7.3% from 78.8% in 1H 2008 to 86.1% in 1H 2009.
The reduction in capacity days in 1H 2009 was due to ships disposal and lay up of non-performing ships. Net yield improved during 1H 2009 was mainly due to better performance from our gaming operation onboard the ships, partially offset by lower cabin revenue yield as a result of more gaming centric cruises compared with 1H 2008. The Group recorded higher charter revenue during 1H 2009 compared with 1H 2008, mainly contributed by the m.v. Norwegian Sky (formally known as "Pride of Aloha") charter commencing January 2009.
NCL Group net revenue for 1H 2009 decreased 12.4% from 1H 2008 primarily due to a 7.7% decrease in net yield and a 5.1% decrease in capacity days. The decrease in net yield was primarily the result of a decrease in passenger ticket pricing due to current adverse global economic conditions.
This decrease was partially offset by a slight increase in net yield pertaining to onboard and other revenue primarily due to increased revenue from our gaming operations and shore excursions. The decrease in capacity days was the result of the departure of m.v. Marco Polo and m.v. Norwegian Dream which left the fleet upon expiration of their charter agreements in March 2008 and November 2008, respectively, partially offset with the re-flagging of m.v. Pride of Aloha which was withdrawn from the fleet in May 2008 and launched as m.v. Norwegian Sky in July 2008.
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