Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.
Fincantieri has held a keel laying ceremony for Seven Seas Prestige, the ultra-luxury cruise ship being built for Regent Seven Seas Cruises.The keel laying ceremony took place at Fincantieri’s shipyard in Marghera, in Venice.Seven Seas Prestige is the first of two next-generation ultra-luxury cruise ships for Regent Seven Seas Cruises, owned by Norwegian Cruise Line Holdings.
Italian shipbuilder Fincantieri has received an order for a new cruise ship from U.S.-based cruise operator Crystal, following the exercise of the option granted under the two-unit agreement from June 2024.The value of the agreement, subject to financing and other terms and conditions, is considered as large, which for Fincantieri means it represents a value between $590 million to $1.07 billion.
Major cruise operators are steering their ships - and millions of dollars in investments - into their own private destinations packed with excursions, beaches, bars and restaurants.The phenomenon appears to have started with Royal Caribbean Group, which in 2019 opened "Perfect Day at CocoCay," an amusement park-like private destination in The Bahamas that has caught the eye of Wall Street.
Fincantieri and Crystal signed Memorandum of Agreement (MoA) for the construction of two cruise ships, plus an option for a third unit. A value for the contract was not available.If built, the new units will be 61,800 gross tons with capacity for approximately 690 passengers, suites with private balconies, as well as several single-occupancy staterooms
Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand for cruise holidays to destinations such as the Caribbean and Alaska.The company's U.S.-listed shares, which have fallen more than 11% this year, rose 4.3% to $17.05 in premarket trading.
Norwegian Cruise Line Holdings on Monday raised its full-year profit forecast for a second time in less than three weeks, betting on record demand for cruise vacations and higher ticket prices, sending its shares up as much as 7.7%.More travelers are choosing sea-based vacations that offer a range of fun activities under one roof, compared to expensive land-based holidays
Meyer Floating Solutions and Morfield Floating Hotels have unveiled plans to bring a floating hotel to Cardiff Bay, Wales.Developed in collaboration with Spicer Architects, the 120-room, non-self-propelled floating hotel will be delivered to a dedicated berth in Roath Basin.The vessel’s architecture combines regional character with contemporary design to offer a unique waterfront experience for
Hong Kong-based ferry operator Sun Ferry has taken delivery of Xin Ming Zhu 30 a new 35-meter diesel-electric ferry.The new vessel, designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, is the third vessel to join a fleet of seven new vessels designed by Incat Crowther for the mass transit operator.
Nearly 19 million Americans are expected to go on cruise vacations this year, but passenger growth is likely to cool off after seeing a boom post pandemic, travel group AAA forecast on Monday.Passenger volume this year is projected to grow 4.5% from 2024, when 18.2 million Americans went on ocean cruises, according to the industry group. The increase is slower than the 7.
HX Expeditions (formerly Hurtigruten Expeditions) is launching the first-ever cruises from New York to Greenland: a roundtrip from Newark Liberty International Airport.Starting on June 21, 2025, Greenland’s National Day and the summer solstice, the itineraries feature dedicated flight allocations on United Airlines’ direct route to Nuuk.
SunStone Maritime Group has launched its latest expedition cruise vessel, Douglas Mawson, at China Merchants Heavy Industry.With a capacity up to 170 passengers and 102 crew, the vessel features advanced safety systems, energy-efficient operations and eco-friendly technologies designed to minimize environmental impact.