Cruise operator Royal Caribbean Group said on Tuesday it reached a deal to sell its Azamara brand to private-equity firm Sycamore Partners for $201 million in cash, as it grapples with biting impacts of the COVID-19 pandemic.Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet—Azamara Quest
Uncrewed minesweeping systems, designed by Atlas Elektronik, will detect and destroy sea mines on naval operations for the UK Royal Navy, thanks to a £25 million contract announced Tuesday.The Combined Influence Minesweeping (SWEEP) system will be the Royal Navy’s first uncrewed minesweeper.
Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises through the end of the year, extending previous suspensions, as coronavirus infections continue to increase globally.The company's announcement comes days after the U.S. Centers for Disease Control and Prevention issued a framework for a phased resumption of cruise ship operations
Royal Caribbean Group reported a billion-dollar net loss for a third straight quarter on Thursday, as the cruise operator suffered from a COVID-19-driven halt to voyages.The cruise industry has virtually come to a standstill as the pandemic halted voyages that had become a hotbed of infection.
Carnival Corp’s shares surged 11% on Thursday after its Italian brand Costa Cruises said two of its ships would resume sailing this weekend, with more to follow.Cruise companies, among the worst hit by the COVID-19 pandemic, were forced to halt voyages for months after ships in Japan, Australia and California made headlines because of large numbers of infections onboard.
Delivery of the world's largest cruise ship Wonder of the Seas has been delayed due to coronavirus impacts at the Chantiers de l’Atlantique shipyard in Saint-Nazaire, France. The shipyard delays mean Royal Caribbean's new record-breaking cruise ship will not enter service from Shanghai in spring 2021 as planned
Cruise industry rivals are teaming up in an effort to sail again.On Monday, Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd announced a joint task force to help develop safety standards for restarting their businesses during the coronavirus pandemic.The “Healthy Sail Panel,” co-chaired by former Utah Governor Mike Leavitt and former U.S.
Royal Caribbean Cruises on Wednesday launched a $3.3 billion bond offering, pledging 28 of its ships as collateral and forecast heavy losses for the first quarter as the COVID-19 pandemic brings the sector to a virtual standstill.Royal Caribbean, which was forced to suspend its cruises globally and cut about 26% of its U.S.
A cruise ship has arrived in Russia's northwesterly Murmansk region to accommodate healthy staff from a construction site run by the gas company Novatek, one of Russia's coronavirus hotspots, a local crisis centre said.Novatek, one of the world's top liquefied natural gas (LNG) companies
Arne Wilhelmsen, a founder of Royal Caribbean Cruises Ltd. died Saturday, April 11, 2020, in Palma, Spain. He was 90.In a company statement on Sunday, Royal Caribbean Cruises called Wilhelmsen a "a constant influence on the company from its founding, serving more than three decades on the company's board of directors.
Operational trials of unmanned equipment in Norway offered a glimpse of the UK Royal Navy's autonomous future. Royal Marines small boat specialists 47 Commando have been working alongside HMS Albion, the Royal Navy’s autonomous accelerator NavyX and the Office for the Chief Technology Officer to see how the kit can be put to use in real world situations.
Longtime cruise industry executive Adam Goldstein has left Royal Caribbean Cruises after more than 30 years with the company.Goldstein was most recenlty Vice Chairman of RCL from 2018. From 2014 to 2018, he served as President & COO and from 2007 to 2014, he was President & CEO of the Royal Caribbean International brand. Goldstein has been with RCL since 1988.