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How Much More Can The Cruise Lines Afford?
Cruise Hive ^ | Nov. 12, 2020 | Robert McGillivray

Posted on 11/12/2020 1:08:52 PM PST by Capt. Tom

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To: Diana in Wisconsin

Cruises are hardly luxury. Prices are the cheapest for a vacation. Food lodging and entertainment for 100 dollars a day. Can’t beat them.


21 posted on 11/12/2020 2:36:17 PM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: Diana in Wisconsin

Some cats have all the luck.

Even though they may have reputations for being fastidious and hard to please, it turns out, cats are pretty good travelers — especially this Elf Sphynx named Bug Naked.

Captain Kate and Bug onboard Celebrity Cruise Ship

CREDIT: CAPTAIN KATE MCCUE
Much like Vladimir the cat, who travels with his people to national parks or little Amelia sailing around the world with her human, Bug Naked lives on the go with Instagram-famous cruise captain Kate McCue, who often features the feline on her feed.

McCue herself has a pretty impressive resume beyond being a social media star. According to The Telegraph, McCue has worked for cruise lines for about 13 years, and will soon take on Celebrity Cruises’ new flagship, Celebrity Edge, as captain.

On top of this, McCue became the first female cruise ship captain in America, according to The Telegraph. “Everyone has a stereotypical idea of a captain and I’m missing some pounds. I don’t have entirely gray hair. I don’t have a beard or a parrot but I think when the guests meet me they’re pleasantly surprised,” told CBS about her job.

McCue had dreamt about captaining a cruise vessel since she was about 12. Her father said to her, “You can do anything you want in the world, including drive this thing,” according to CBS. So McCue started to work on making her dreams come true, starting as a cadet at the California Maritime Academy in 1996.

“I think this is the greatest job in the world...traveling, meeting all these people, getting paid for it. It’s amazing.” McCue told CBS.

And what makes McCue entirely unique, other than breaking glass ceilings, is her open and honest approach to the job. While some captains prefer to keep a degree of separation from guests, McCue abandoned having a “Captain’s Table” at dinners and frequently places herself out with the passengers so anyone can talk to her if they wish, according to The Telegraph.

“Back in the day you had these tyrannical captains that you couldn’t speak to unless they spoke to you. Over the 20 years I’ve seen the rounding of rough edges of these people. Or, if they couldn’t adapt there was no place for them on board the ships,” she told The Telegraph.

She’s also just as open to others online as she is offline.

McCue has over 60,000 followers who keep up with her adventures at sea. Her Instagram feed is full of beautiful shots on the water, fun photos of her daily life as captain, her husband Nikola, and, of course, her travel companion Bug Naked.

“My posts are kind of geared [to show that there are] lots of opportunities in this job. And, if you see it, you can be it,” she said to The Telegraph.


22 posted on 11/12/2020 2:41:04 PM PST by al baby (Hi Mom Hi Dad)
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To: Capt. Tom

I believe that Harris/Biden will drive them out of business. They’ve already advocated a 6 week total lock down in January. That means the limited sail conditions just approved will be revoked. You are looking at no earlier than June if Harris/Biden are actually sworn in.


23 posted on 11/12/2020 2:46:13 PM PST by Fai Mao (There is no justice until PIAPPS is hanging from a gallows.)
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To: Fai Mao
I believe that Harris/Biden will drive them out of business. They’ve already advocated a 6 week total lock down in January. That means the limited sail conditions just approved will be revoked. You are looking at no earlier than June if Harris/Biden are actually sworn in.

The cruise Industry is in the soup all over the world with the reactions of countries to the covid virus.
The cruise lines can't pull out of the USA and cruise elsewhere until things settle down here.

Other world wide countries are screwed up just like we are, as trial cruises in Europe and the Caribbean are proving, right now. Those lines shut down to regroup and see how the pandemic goes. -Tom

24 posted on 11/12/2020 3:07:08 PM PST by Capt. Tom (It's COVID 2020 - The Events, not us, are in charge now. -Tom)
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To: Capt. Tom

This wasn’t mentioned in the article, but most of the cash on hand amounts listed is new debt... the whole industry is insolvent... even before accounting for the future downward revisions to come on their ship values.


25 posted on 11/12/2020 3:23:08 PM PST by Michael44. (Brevity... ROCKS!)
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To: Diana in Wisconsin

I like you like a sister...however; - my sister and her 20+year beau love to cruise... That is how they spend their living, heck they bought a condo in FTL to ease their way to cruising...

It is not an upper class luxury..


26 posted on 11/12/2020 3:32:21 PM PST by dakine
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To: dakine

Yeah, bad phrasing on my part.

I guess I equate things I don’t need, or would never bother with, to be ‘luxuries.’ I don’t understand ‘vacations’ either. Guess I’ve spent my life building a life I don’t need to escape from? ;)

My BFF and her husband cruise all the time; well, they DID until now. They are upper-middle class, plus they’ve traveled for free a lot because he managed a cruise booking company up until a few years ago.

I get it. Really, I do. I guess I just equate things like that to be the same as me buying a Cadillac, however, I WOULD spend that same amount, if not more, on a tractor!

I DID see a Lincoln pick-up truck the other day that I drooled over for a few minutes, LOL!


27 posted on 11/12/2020 3:46:22 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set.)
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To: Capt. Tom
Those first few cruises will be rough. Crew needs to get their sea legs back.

I'm willing to be a passenger though.

28 posted on 11/12/2020 3:48:04 PM PST by SamAdams76 (Orange Man GOOD!)
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To: Michael44.

“This wasn’t mentioned in the article, but most of the cash on hand amounts listed is new debt... the whole industry is insolvent... even before accounting for the future downward revisions to come on their ship values.”
‘’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’
Take a look at the prices for these older and smaller cruise ships and estimate what the newer bigger ships might go for in a distressed sale.
I am sure the creditors who have these ships for collateral are doing just that now, and have revised the collateral value down. -Tom
..........................................................
Here’s What an Entire Cruise Fleet Sold for at Auction
November 08, 2020 excerpt Cruise Industry News....

The Cruise & Maritime Voyages fleet auction is over, with five ships heading to new owners or to scrap, and the values have finally been revealed as buyers were able to get cruise ships for pennies on the dollar during the sealed bidding process.

The Results:

Vasco Da Gama
Built: 1992
Tonnage: 55,451
Capacity: 1,258 Guests
Buyer: Mystic Invest
Sales Price: $10,187,000

Columbus
Built: 1988
Tonnage: 63,500
Capacity: 1,400 Guests
Buyer: Seajets
Sales Price: $5,321,000

Astor
Built: 1987
Tonnage: 20,704
Capacity: 650 Guests
Buyer: Projected to be scrapped
Sales Price: $1,710,000

Magellan
Built: 1985
Tonnage: 46,052
Capacity: 1,452 Guests
Buyer: Seajets
Sales Price: $3,431,000

Marco Polo
Built: 1965
Tonnage: 22,000
Capacity: 820 Guests
Buyer: Projected to be scrapped
Sales Price: $2,770,000


29 posted on 11/12/2020 4:19:28 PM PST by Capt. Tom (It's COVID 2020 - The Events, not us, are in charge now. -Tom)
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To: Capt. Tom
However, according to Cruise Lines International Association, cruise suspensions cost the U.S. economy over $25 trillion and 164,000 jobs.

Cruise lines mostly suck discretionary spending out of the U.S. economy and send it overseas. They are not American companies.

30 posted on 11/12/2020 4:28:34 PM PST by Reeses (A journey of a thousand miles begins with a government pat down.)
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To: Capt. Tom

The new creditors have undoubtedly placed their liens in a superior position to old debt, or they wouldn’t be putting up their/their investors money. For stock holders, a negative equity/insolvency with low odds of a fast, huge operational turnaround is a bad bet at anything near current prices.


31 posted on 11/12/2020 4:42:39 PM PST by Michael44. (Brevity... ROCKS!)
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To: al baby

https://www.travelandleisure.com/travel-news/female-cruise-captain-cat

Bug Naked is a Sphinx. That explains the moniker.


32 posted on 11/12/2020 4:45:16 PM PST by mewzilla (Break out the mustard seeds.)
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To: mewzilla

Sphynx. Sorry, kitty!


33 posted on 11/12/2020 4:46:55 PM PST by mewzilla (Break out the mustard seeds.)
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To: Michael44.
For stock holders, a negative equity/insolvency with low odds of a fast, huge operational turnaround is a bad bet at anything near current prices.

To me that is why a forced bankruptcy by the creditors might be coming before all the loaned money is gone, and the creditor can be the first in line to collect, depending in what country the bankruptcy occurs . -Tom

34 posted on 11/12/2020 4:55:48 PM PST by Capt. Tom (It's COVID 2020 - The Events, not us, are in charge now. -Tom)
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To: Capt. Tom

Exactly. The shareholders’ money, and any chances of it ever coming back, are long gone.


35 posted on 11/12/2020 5:30:13 PM PST by Michael44. (Brevity... ROCKS!)
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To: Capt. Tom

I wonder if these people like McGillvray who write for cruise media get free trips.


36 posted on 11/12/2020 6:53:32 PM PST by Lisbon1940 (No full-term Governors (at the time of election))
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To: Lisbon1940
I wonder if these people like McGillvray who write for cruise media get free trips.

I know that some travel agents get free trips ,especially on brand new ships so they can tout the advantages of booking a trip on one of them.
Seems logical some travel writers would also get free trips to help the Cruise Lines out with positive reporting. -Tom

37 posted on 11/13/2020 11:59:17 AM PST by Capt. Tom (It's COVID 2020 - The Events, not us, are in charge now. -Tom)
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To: Diana in Wisconsin

Hahaha - My F-150 with a V-8 Mustang Engine is fast/fun to drive.. Glad I didn’t offend you...


38 posted on 11/13/2020 3:29:04 PM PST by dakine
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To: dakine

Never! :)


39 posted on 11/13/2020 4:39:24 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set.)
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