[Capt. Tom]

The big 3 cruise lines have been telling us for almost two years, how they have pent up cruisers ready to go next week, next month, next quarter, next year. And they are going to be financially stable.

I don't think they are all going to pull out of this debt spiral. Especially with the recession, which I expect to be worse this winter, and paying for those new cruise ships, amongst other headwinds.

I feel people will aways go on cruises but not to the extend they did prior to the so- called headwinds. -Tom

[NautiNurse]

I surely hope the cruise industry will recover from the avalanche of industry obstacles over the past 2+ years. It is a great way to island-hop the Caribbean, Hawaii, tour coastal New England and the Mediterranean.

[Capt. Tom]

What say you. -Tom

[Flick Lives]

“The purpose of the offering is to replace some of the existing near-term maturities of convertible bonds with new longer-term convertible bonds in a manner which is non-dilutive to shareholders as described below,” chief financial officer Naftali Holtz said in a statement.

—

Translation. We got a new loan to make payments on the old loan which were coming due.

[GQuagmire]

The “free” cruises thru casinos offers I get are not as good before COVID.
Have to use in 3-4 months, far less choices etc

Just did Boston to Bermuda no complaints….except for having to go back out to sea while docked in Bermuda due to tropical storm going thru. Got tossed around pretty good but not unbearable. Turned into two days trips instead of 3 days docked.

[frank ballenger]

Captain Merrill Stubing to Purser, Doc, Gopher, Bartender, chief Engineer and all:

I am sorry but there will be corporate cutbacks reflected in your next pay envelope. I’ve ordered a 24 hour watch for crew taking the overboard jump route. Not worth trying.

[TheBattman]

I’m confused - didn’t these big cruise lines see their stocks jump up significantly last week???

[devere]

I like Royal Caribbean the best of all the cruise lines; but as long as they have any requirement that specifically mentions covid, I won’t cruise again.

[Organic Panic]

If they made it so they don’t seem like floating tombs full of elderly zombies maybe you ger crowds would go. Nut then again the cheap “you g” cruises “Carnival” turn in to a friday night rap concert...

[Pearls Before Swine]

Cap’n Tom:

Since you follow cruise line doings closely, I’d like to ask you a couple of questions, if you know:

- When a ship cruises now, and there’s an outbreak during the cruise, do they freak out and abort the cruise, or just isolate the people with COVID?

- When these cruises go into port, can the passengers get off and mingle and shop and go on short expeditions, like they used to pre-COVID? Or do they have to stay in herded, cruiseline mandated expereinces?

- Because of COVID, do you know if ships have updated their air filtration systems, like airlines have (supposedly)? On a ship, AFAIK, there are a dozen or so big HVAC systems supporting their share of the rooms. So, there’s a lot of potential for mixing of aerosols between rooms. Have they done anything about it?

- Do cruise ships currently operate with full passenger loads, or have they kept them restricted so they can have more spacing around the ship (e.g. dining areas, decks, night club)

If you have any opinions, I’d be grateful for them. I do invest, and I too can’t see how these companies climb through their debt mountains absent some dilution by selling more shares.

I can read a balance sheet, but I haven’t been on a cruise since a few years before COVID, and don’t know whether operations have recovered. Some of the items I mentioned directly impact profit; some go to the desirability of taking a cruise, which will indirectly affect revenues.

Thanks.

[Political Junkie Too]

Royal Caribbean announced last week that they are suspending COVID testing for vaccinated travelers for cruises 5 days or less in length.

Furthermore, they are allowing up to 20% of the passengers to be unvaccinated, subject to testing within 3 days of boarding for cruises of all durations.

-PJ

[PAR35]

Carnival offered $1 billion in 10.5% unsecured notes in May to pay down 11.5% secured notes due next year.

Well, I guess they found someone foolish enough to want to get hosed in a bankruptcy while a best case secenario is barely keeping up with inflation.

[nevermorelenore]

we just got a refund from Viking - they still require the Jab, even though the countries and airlines do not

[Ken H]

You have no chance to survive. Make your time

[Dr. Scarpetta]

We’re not ready to return to cruising, Tom. Some People are being quarantined on every cruise. I read that Princess keeps Deck 12 available if you test positive & have to be quarantined.