Norwegian Cruise Line Holdings Ltd swung to a quarterly loss on a $1.6 billion impairment charge as the COVID-19 pandemic brought the global cruise industry to a virtual standstill.Cruise operators have been hammered by the curbs to contain the spread of the virus, with extended port quarantines in Japan and California due to deadly outbreaks on some cruise ships adding to the worries.
Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to bankroll the company for “at least 18 months” without any new revenue due to the coronavirus pandemic that has halted voyages, Chief Executive Frank Del Rio said on Thursday.“That’s enough to cover our cash burn under a zero-revenue environment for at least 18 months, not 12, 18 months
Norwegian Cruise Line Holdings Ltd on Monday withdrew its 2020 forecast and said it would cut spending by about $515 million, as it extends the suspension of its ships to June 30 amid the coronavirus pandemic.The outbreak has effectively shut down the entire cruise ship industry, and with most international travel halted
Offshore vessel provider Telford Offshore's offshore accommodation and hook-up unit Telford 28 was attacked earlier this week while anchored in Mexico. One crew member was injured.In an email sent to Offshore Engineer, Telford Offshore said: "We can confirm that the Telford 28 came under attack while anchored at Cuidad Del Carmen, Mexico on the evening of 14th April.
A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend.Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico.Armed robbers boarded Maersk Transporter, stole various items and left the vessel again, the company said in an email to Offshore Engineer.
The search for the Argentinian submarine was like hunting for the proverbial needle in a hay stack, except that it was a piece of straw. Elaine Maslin reports. At 7.19am, local time, on November 15, 2017, the last message was received from the San Juan submarine. She belonged to the Argentinian navy and was on a routine mission from Ushuaia in the Patagonia region to Mar del Plata in Buenos
Pirates attacked an Italy-flagged offshore supply vessel in the southern Gulf of Mexico, injuring two crew members, the Mexican Navy said on Tuesday, in the latest outbreak of robbery and piracy to hit oil platforms and infrastructure in the area.One of the crew members of the vessel, Remas, received a bullet wound, and the other suffered a concussion
Latest move to Enter El Salvador with Energía del Pacífico will Reinforce SAAM Towage's Presence in Central America.The Managing Director of SAAM Towage, Felipe Rioja, celebrated the company’s upcoming launch in the new market: El Salvador. “We will provide services for the Energía del Pacífico (EDP) project at the Port of Acajutla
New work to overhaul engines on an offshore support vessel (OSV) operated by United Offshore Support (UOS), has been completed by Royston.Engineers undertook the 30,000 running hour service on the main propulsion engines onboard the GH Challenger, as part of an extensive refurbishment and maintenance program of critical power plants.
Arthur F. Mead, Vice President and Chief Counsel at Crowley Maritime Corporation, has been elected Chairman of the American Waterways Operators (AWO), succeeding outgoing Chairman Scott Merritt, former Chief Operating Officer with Foss Maritime Company, LLC.Members of the national tugboat
Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador.The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador.
Norwegian multinational energy company Equinor ASA and Argentine power producer YPF Luz have joined for the development of the Cañadón León wind farm in Santa Cruz in Argentina.As per agreement, a subsidiary of Equinor will subscribe to shares in Luz del León. The shareholders of YPF Luz are YPF S.A and an affiliate of General Electric.