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.
The Netherlands based Royal IHC said it has been awarded a contract to design and build a Jones Act compliant dredger for the North Carolina State Ports Authority (NCSPA) for deilvery in 2021.The water injection dredger will be built at a partner shipyard in the U.S.“The construction, procurement of the main components
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018.
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.
U.S. President Donald Trump on Friday said that major cruise lines would suspend cruises for 30 days, following a series of industry announcements that came after repeated transmission of coronavirus among passengers at sea.“At my request, effective midnight tonight, Carnival, Royal Caribbean, Norwegian, and MSC have all agreed to suspend outbound cruises for thirty days,” Trump said on Twitter.
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.
The plight of the cruise ship off Japan with more than 200 coronavirus infections and the shunning of another by five ports despite no known cases has led to a sharp change in tack for an industry in shock: avoid Asia.To that end, many cruises in the region are being cancelled while others currently sailing are being re-routed, skipping originally scheduled stops in China, Hong Kong and Singapore.
Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old."We at Royal Caribbean mourn his loss and extend our deepest sympathies to the Stephan family," said a statement from the global cruise company said.In 1969 Stephan founded the Royal Caribbean Cruise Line, and his contributions helped create the modern cruise industry we know today.
Prime Minister Boris Johnson has announced that work will commence before the end of the year on the first of a series of new Type 31 frigates as part of the UK Government’s planned expansion of the Royal Navy fleet over the next 20 years. The new ships will replace Type 23 frigates currently in service and the construction of the first of these will be completed by 2023.The £1.
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to "de-escalate the situation in the region" after the British Heritage, a Suezmax oil tanker operated by BP under an Isle of Man flag, was approached.
Shipbuilder Royal IHC has launched the fully integrated reel-lay vessel Seven Vega for subsea engineering, construction and services company Subsea 7.The ceremony took place at IHC’s shipyard in Krimpen aan den IJssel, The Netherlands, and was performed by Monica Th. Bjørkmann, Vice President for Subsea 7 in Norway.