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
First Coast Guard District command center crews, from Maine to Northern New Jersey, have a new tool to help distressed mariners come home to their families after being out to sea.The i911 program allows for watchstanders to use a mariner’s cellphone number to assist in finding their location for Coast Guard rescue crews to locate them faster.
Norwegian Cruise Line Holdings Ltd, the world’s third-largest cruise operator, raised doubts about its ability to continue operating on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.The company’s shares closed down more than 20% as it launched a $1.
U.S. Navy hospital ship USNS Comfort (T-AH 20) departed Norfolk, Va. Saturday for New York City in support of the COVID-19 response efforts.The Military Sealift Command ship will serve as a referral hospital for patients not infected with COVID-19, providing a full spectrum of medical care to include general surgeries, critical care and ward care for adults
The U.S. Coast Guard said on Saturday it was responding to a report of a discharge of hydraulic oil from Coast Guard Cutter SPAR in Womens Bay, Kodiak, Alaska.Coast Guard said it was monitoring the cleanup which has been contracted to Choctaw Defense Services (CDS). Personnel on scene deployed boom systems, absorbent pads, and a skimmer that is pumping to a vac truck.
Dominion Energy has said that its two-turbine, 12-megawatt Coastal Virginia Offshore Wind (CVOW) pilot project, offshore Virginia Beach, successfully completed reliability testing and is ready to enter commercial service and deliver electricity to Virginia customers."This is a monumental day for the Commonwealth and the burgeoning offshore wind industry in America as CVOW is ready to deliver
Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, people familiar with the matter said on Friday.Norwegian’s attempt to bolster is finances comes as cruise operators have been forced to suspend their operations due to the novel coronavirus outbreak.
Carnival Corp, the world’s largest cruise operator, said it has raised $6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.Despite having its cruise ships idled to comply with coronavirus travel restrictions
GCube, an insurer for renewable energy projects, hired three new underwriters for its offshore wind team, including Joshua Cantwell, formerly of Talbot Underwriting, and Zoe Massie, formerly of Allianz Global.The appointments come alongside a number of new hires in the U.S. as GCube builds its global presence in the renewable energy insurance sector.
A group of public and private partners in Washington have come together to accelerate the design of a fast foil ferry to provide zero-emissions, high-speed passenger ferry service in the Evergreen State.Participants in the Joint Innovation Project include three Washington ports that have joined forces to support the effort: Port of Anacortes, Port of Bellingham and Port of Skagit.
Remote monitoring and reporting platforms provider Reygar says it is working with offshore renewables services company CWind to develop a new communication safety feature within its BareFLEET fleet monitoring system.In an effort to simplify communications between the bridge and shore team while the vessel is in transit