Royal Caribbean cuts its workforce by 26 percent
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 16 April 2020 16 April 2020
Royal Caribbean Cruises Ltd. has announced drastic cuts to its workforce due to the pandemic.
"Earlier today, we told our employees the difficult news that we were laying off or furloughing approximately 26 percent of our more than 5,000 coworkers in the US," the company said in a statement.
"We earlier announced the early conclusion of many crew contracts.
The circumstances of the pandemic made this action unavoidable, and it hurts to part ways with so many good and talented people."
Enchanted Princess delivery delayed
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 15 April 2020 15 April 2020
Princess Cruises confirms that the delivery of Enchanted Princess is delayed. A new delivery date has not been determined since the Fincantieri (Monfalcone, Italy) yard remains closed. Voyages through July 31 have been canceled.
The delivery delay is due to the country-wide lock down imposed by the Italian government and public health officials in response to the COVID-19 outbreak.
The naming ceremony scheduled to take place in Southampton, England on June 30 has been canceled. Inaugural activities are under review in conjunction with changes to the ship deployment.
US cruise bookings for 2021 stage sharp increase – report
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 14 April 2020 14 April 2020
Cruise bookings in the US for 2021 have risen sharply in the past few weeks and three of four passengers whose cruise had been cancelled due o the coronavirus pandemic have accepted credit towards future cruise, a media reports said.
“In the past 45 days — as multiple cruise ships had serious COVID-19 outbreaks onboard — the cruise booking site CruiseCompete.com saw a 40% increase in its bookings for 2021 over its 2019 bookings,” BusinessInsider.com said on its website.
“A recent report from UBS also found that 76% of the people who had a canceled cruise in 2020 have chosen to accept credit towards a future cruise in 2021 as opposed to 24% who accepted a refund,” the same source stated.
Both are good news for the cruise industry that has been badly hit by the pandemic. Recovery of the demand is one of the key questions that the industry faces in the months to come.
Although credits towards future cruises are debt on the balance sheets of the cruise shipping companies, these do not put stress on their liquidity as the debt will be cleared by performing cruises rather than by settlements in cash.
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