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, 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.
In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime industry as a whole, as the plight of the seafarer and the ongoing quest to find and groom the ‘next generation’ is universally shared in 2020.
Greensea introduces a new hull crawler that easily attaches a Remotely Operated Vehicle (ROV) to a ship hull without magnetics, allowing the operator to “drive” the ROV and payloads over the hull. Initial hull crawlers are designed to work exclusively with the VideoRay Mission Specialist Defender ROV.
Australia ordered two cruise ships to leave its waters on Thursday, after a liner that docked in Sydney Harbor last week became the primary source of infection in the country's coronavirus outbreak.Although well below levels elsewhere in the world, the pace of Australia's infections is starting to pick up speed, reaching nearly 2,800 cases and 13 deaths.
A real estate development company is looking for a U.S. city to become the new home for one of America's most historic ocean liners.Having reached a deal with the ship’s nonprofit owner last year, RXR Realty has been developing a plan to restore the famed SS United States and this week issued a Request for Expressions of Interest (RFEI) seeking a permanent waterfront location where America’s
Coronavirus test kits were delivered at sea on Thursday to an ocean liner barred from returning to port in San Francisco after at least 35 people developed flu-like symptoms aboard the vessel, which has been linked to two other confirmed cases of COVID-19.The diagnostic sampling kits were flown by helicopter to the cruise ship Grand Princess
Plunging into the deep, dark abyss of the Pacific Ocean’s Mariana Trench, U.S. Navy Lt. Don Walsh and Swiss engineer Jacques Piccard heard a loud cracking sound in their vessel—the bathyscaphe Trieste, which the Office of Naval Research (ONR) purchased for scientific observations.Already 30,000 feet below sea level
When I came into office as the Passenger Vessel Association’s President for 2019 last January, I announced two strategic goals for our industry: to enhance safety and foster the professional growth of our next generation of leaders. I am proud to announce we have undertaken major initiatives and made progress on each.
The U.S. Navy’s newest nuclear-powered aircraft carrier John F. Kennedy (CVN 79) was christened Saturday during a ceremony at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division.The second aircraft carrier in the Ford Class, John F. Kennedy (CVN 79) is also the second aircraft carrier built by Newport News Shipbuilding named for JFK.
Tillberg Design of Sweden has been a central player in the six-year quest to envision, design, build and launch The Ritz-Carlton Yacht Collection brand. It has had a hand in all design aspects, from vessel exterior and interior, down to the service organization and the crew uniforms, as Fredrik Johansson, MA, Partner, Executive Project Director, explains.
A plasma-burning machine cut the first steel plate that will be used to build Columbia (SSBN 826), the lead ballistic missile submarine. As Newport News continues its digital transformation, the event also marked the first class of submarines that will be built using fully digital blueprints.“Today is a historic day,” said Jason Ward, Newport News’ vice president for Columbia-class construction.