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MAN Energy Solutions reports multiple orders in cruise segment

  • Written by Teijo Niemelä
  • Category: Top Headlines

MAN Energy Solutions is currently experiencing a record order-intake within its cruise business. The company reports that, in the first eight months of 2018, it has won orders to supply seven new cruise ships with engines plus exhaust-gas- treatment systems – with a cumulative value close to a three-digit million EUR amount.

The orders total almost 300 MW of installed power for cruise ships ranging in size from 50,000 to approximately 140,000 gross tons, and running on fuel types from HFO to LNG. Delivery is scheduled from end-2019 to 2022.

Sokrates Tolgos – Head of Cruise Sales & Tendering, MAN Energy Solutions – said: “These orders demonstrate in a nutshell MAN’s capability to provide state-of- the-art, efficient engine technology along with emission-reducing solution packages regardless of the fuel type preferred by the customer.”

The engine technology and emission-reduction concepts ordered cover a wide range of MAN’s solution portfolio for the marine business: from type 32/44CR engines with fully electronic common-rail injection systems capable of operating on HFO, to dual-fuel type 51/60DF engines that enable the use of both LNG and oil- based fuels. The orders also include MAN’s propietary NOx-reducing SCR system as well as closed-loop-type wet scrubbers sourced from MAN partners.

Lex Nijsen, Head of Four-Stroke Marine, MAN Energy Solutions, said: "The growth in order intake is very gratifying as system technologies that help our customers to increase the efficiency of their plants and reduce emissions play a central role in our business. We plan to continue this growth by making increasing use of our capabilities as an integrated system supplier, which we have built up over the past few years."

New Indian company Zen Cruises emerges as buyer of Pacific Jewel

  • Written by Kari Reinikainen
  • Category: Top Headlines

Zen Cruises, a new venture established by the Essel Group that has its headquarters in Mumbai in India has emerged as buyer of Pacific Jewel of P&O Cruises Australia, a report said.

Meanwhile, Essel Group has appointed Jurgen Bailom as the President and CEO of Zen Cruises Pvt Ltd, reported on its website.

"Bailom will steer the company on a course to captivate Indian cruise passengers with an offering par excellence. With Bailom's appointment, Essel Group heralds the announcement of India's premium cruise line with the purchase of its first ship, the Pacific Jewel a 70,285 (gross) ton, 2,000 passenger ship from P&O (Cruises) Australia," the company was cited as saying by Moneycontrol.

Essel Group is a conglomerate with presence in various business that range from media to healthy living and financial services, according to information on its website

Fincantieri and CSSC to extend industrial cooperation

  • Written by Kari Reinikainen
  • Category: Top Headlines

Fincantieri and China State Shipbuilding Corporation (CSSC), have signed a Memorandum of Understanding for the extension of the industrial cooperation already existing between the two groups to all segments of merchant shipbuilding, the Italian shipbuilder said in a statement.

The agreement foresees the parties to discuss the possibility to extend their current collaboration, which counts a joint venture dedicated to the first cruise ships ever built in China for the local market and other related activities, including a number of research and development projects in several areas of the shipbuilding, such as cruise ferries; mega-yachts; as well as cruise cabins, interior decoration, and the establishment of a reliable supply chain in the cruise segment in China.

“The parties may consider additional cooperation opportunities and may therefore extend the scope of the agreement to other areas,” Fincantieri said, adding that it and CSSC will establish a joint working group, composed of six members with appropriate technical expertise, three selected by each side.

This group aims, by the end of the year, to conclude the preliminary activities: to define potential opportunities for each of the areas identified for the collaboration, to analyse the market size and to identify preferential sales channel, to analyse potential partnership among CSSC and Fincantieri group companies or its network of suppliers.

In February 2017 Fincantieri, CSSC and Carnival Corporation & plc signed a binding agreement for the construction of two cruise ships, with an option for additional four, at the Shanghai Waigaoqiao Shipbuilding (SWS) shipyard.

The group also signed a letter of intent (LOI) with CSSC and the Shanghai City’s district of Baoshan for the development of the supply chain mainly dedicated to cruise activities, as well as shipbuilding and maritime, and a comprehensive agreement in the field of ship repair and conversions with Huarun Dadong Dockyard (HRDD), the leading Chinese shipyard specialized in ship repair and refitting activities, aimed at serving the cruise ships based in China.

Genting Hong Kong cuts first half loss as cruise revenue leaps

  • Written by Kari Reinikainen
  • Category: Top Headlines

Genting Hong Kong, the parent company of Crystal Cruises, Dream Cruises and Star Cruises, has cut first half loss and reported a rise of more than a third in its cruise revenue.

Group net loss narrowed to $141.3 million from $203.2 million in the first six months of 2017, while revenues increased to $777.6 million from $532.5 million.

“Revenue from cruise and cruise-related activities increased 36.2% to $642.0 million in 1H2018 compared with $471.2 million in 1H2017,” the company said n a statement.

Net revenue increased 41.4% to$514.3 million by increases in capacity Ddys of 25.9% and net yield of 12.3%. The increase in capacity days was primarily due to the inclusion of World Dream and four Crystal River Cruises vessels in the review period.

Improvement in net yield was driven by higher occupancy ratio and increases in passenger ticket and onboard revenue, Genting Hong Kong said.

Revenue from shipyard operations and non-cruise activities from external customers increased 121.3% to $135.7 million in primarily contributed by revenue from shipyard activities in Germany and from the sales of residential property units in Mainland China. “However, lower cost capitalisation into shipbuilding costs as a result of a lower than expected production level in the six months ended 30 June 2018 has resulted in larger segmental loss from our shipyard operations,” the company said.




Pacific Jewel sold, Star Princess to join P&O Cruises Australia fleet

  • Written by Teijo Niemelä
  • Category: Top Headlines

P&O Cruises Australia announced today a second Grand class ship will join the family while bidding farewell to one of its “jewels” as part of the cruise line’s commitment to refresh the fleet over time.

Carrying more than 3,100 guests, Star Princess will join her sister ship, Golden Princess, in the P&O Cruises Australia fleet from the end of 2021.

Star Princess will replace the much-loved and considerably smaller Pacific Jewel, which will leave P&O Cruises in March next year, by which time she will have served the brand for almost 10 years.

President of P&O Cruises and Carnival Australia, Sture Myrmell, said welcoming two Grand Class ships – Star Princess and Golden Princess – was part of the evolution of the P&O Cruises fleet.

In September last year, P&O Cruises announced its plan to refresh its fleet over time, continuing to evolve the guest experience and creating economies of scale necessary to compete effectively in today’s environment.

“Pacific Jewel has been a jewel by name and by nature. I feel sentimental farewelling a much-loved ship but excited for the future because the addition of two bigger ships is a game-changer for P&O Cruises and its guests,” Myrmell said.

“P&O Cruises is all about offering a great value cruise holiday that celebrates modern Australia across food, entertainment, activities and service delivered in a contemporary setting. We are ensuring P&O Cruises has the right ships for a contemporary brand operating in a competitive market.”

Myrmell said P&O Cruises would continue to base ships year-round in its key homeports of Sydney and Brisbane as well as offering seasonal sailings from other Australian states and New Zealand.

A transformed Golden Princess will join the P&O Cruises fleet in October 2020 while her sister ship, Star Princess, will join P&O Cruises at the end of 2021.

Pacific Jewel’s final voyage will depart from Melbourne on 24 February, 2019 before being transferred to a new operator following her sale.

P&O Cruises will contact all guests over the coming weeks to provide further information on alternative options.

“We apologise for the inconvenience this may cause some guests and will work hard to find alternatives for those whose holiday plans are affected. We also thank guests for their patience because it is likely to take some weeks to put everything in place but we hope this good news will be well received by our loyal guests,” Myrmell said.