Buenos Aires Port is seeking national and international bids for its continued modernization, with a US$760m investment required in the first 10 years, along with operations for a 50-year term.
DeCurtis Corp., a provider of software solutions to hospitality/travel clients including cruise lines, received a significant, majority, strategic growth investment from Shamrock Capital, a Los Angeles-based investment firm. Terms of the transaction were not disclosed.
A Norwegian Cruise Line Holdings subsidiary entered into the Norwegian Jewel Credit Agreement, providing term loans totalling $260m. These will be used for general corporate purposes, including prepayment of debt for Norwegian Epic.
Newbuild SeaDream Innovation will be equipped with a large battery pack of approximately 4 MWh, enabling silent, emissions-free sailing for up to three hours, with no disturbance to wildlife.
Global Ports Holding (GPH) reported good growth in cruise passenger volumes in Q1, 2019 despite the seasonally low first quarter in the Mediterrean, however general and dry cargo volumes fell 59% YoY.
The Fincantieri group achieved a €6.5bn first quarter record in orders acquired. Of that, €6.3bn is in the shipbuilding area, almost entirely in the cruise segment, with 11 ships for five brands and an expedition cruise vessel from another customer. Also included is one littoral combat ship for the US Navy.
The cruise industry is 'all in the same boat' on Cuba, Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings, said Thursday. It's not a matter of one company or brand competing against the other.