Posted on 03/03/2021 3:38:25 PM PST by Capt. Tom
I don't know their motivation but the fact that in nearly a year the CDC hasn't been able to come up with regulations is a rather negative commentary on the efficiency of government. Cruise lines would be foolish not to explore other departure points. They've been shut down once in the US, it could easily happen again.
“Cruise lines would be foolish not to explore other departure points. They’ve been shut down once in the US, it could easily happen again.”
It looks like the top people in NORWEGIAN are also making a personal money move.
What this means is anyone’s guess. Click link below-Tom
Carnival was going out of Barbados before the virus...
“Carnival was going out of Barbados before the virus...”
CARNIVAL, not to be confused with Norwegian and Royal Caribbean is the biggest player in the Caribbean .
Unfortunately Carnival has most of their ships operating from the USA where the CDC can stymie the trips to the Caribbean, and elsewhere. See link below.-Tom
Buying would be significant, selling possibly. Often is related to stock options. Often to concentration. Also the stock has recouped about half their losses from 2019. It took 5 years plus for the industry to recover from 2009-19. This may not be any different. Think back to pre covid. High occupancy, the ability to raise prices and the industry was actually attracting younger cruisers. Talk about bad timing, how about Virgin Voyages, adults only, entered the market to be hit by covid and never sail an occupied cruise. Then there’s the number of new ships being delivered. Will be interesting to see how pricing goes when they can fully book ships, I’m surprised at the high fares.
#19 Plus Biden at a stroke of a pen could kill all the jobs just because.
Carnival may just have taken a hit in Australia where they have 2 ships the SPIRIT and the SPLENDER.
AUSTRALIA has just extended their lockdown with more onerous regulations from March 17 to June 17th 2021.
This may stop CARNIVAL from making some money during the Covid scare. Time will tell.-Tom
Right, these people who “screw them they avoid US taxes” are short sight and under informed.
No doubt there is economic benefit from cruise lines, but not as much direct benefit as there would be if they were hiring Americans to crew and staff the ships, flying our flag, paying USA taxes and building their ships here. The corporate world has no allegiance to the USA. But they will attempt to lobby and use her (America) and taxpayer debt when it is in their interests. They generally despise the concept of national sovereignty.
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