To incentivize cruise lines to homeport in Panama, President Juan Carlos Varela issued a decree authorizing reimbursement for the cost of one Panama Canal transit.
Lindblad Expeditions Holdings commenced an exchange offer and consent solicitation inviting holders of its publicly traded warrants that were issued in connection with the company's initial public offering to receive 0.385 shares of its common stock in exchange.
Royal Caribbean Cruises Ltd. Chairman and CEO Richard Fain entered into a pre-arranged stock trading plan that provides for the sale of up to 240,000 RCL shares between July 2019 and June 2020.
Norwegian Cruise Line Holdings Ltd. said 2019 adjusted earnings per share could be reduced 35 cents to 45 cents due to the Trump administration's ban of cruises to Cuba from the US.
MSC Opera's next cruise, with embarkations scheduled from Bari on June 8 and Venice on June 9, has been canceled as the ship remains in Venice pending the completion of an investigation.
Royal Caribbean Cruises Ltd. estimated impact of the Trump administration's new Cuba travel rules would reduce 2019 earnings per share in the range of 25 cents to 35 cents.
Carnival Corp. will pay a $20m fine and submit to more rigorous oversight by court-appointed monitors during the next three years — among a host of other actions — to settle charges that it violated probation in a 2016 criminal pollution case.
It's official: Mystic Invest has closed on a €250m equity investment from Certares Holdings, a global travel, tourism and hospitality investment firm. An equity partner for the fast-growing Portuguese company had been anticipated.
Global Ports Holding said it has agreed in principle to an equity partnership with Royal Caribbean Cruises Ltd. to develop Antigua and Barbuda's cruise facilities.