Free Republic

Wed, October 12, 2022 at 2:50 PM·1 min read Cruise stocks soar to pace the S&P 500, as Norwegian is upgraded to buy In this article: ^GSPC -0.33% CUK +10.05% RCL +11.48% NCLH +11.61% Shares of cruise operators were the top-3 gainers in the S&P 500 (SPX) in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. (NCLH) getting bullish backing from UBS on the back of upbeat bookings data. UBS analyst Robin Farley raised Norwegian’s rating to buy, after being at neutral since before the pandemic. Farley said the company’s “significant improvement” in bookings in the company’s third-quarter preview...

Yesterday I caught good part of interview of NCL CEO Mr Del Rio on CNBC. According to Del Rio, NCL has more bookings for 2023 than either 2018 0r 2019, and at higher prices.

Cruise ships may finally be operating again in much of the world. But not everything about cruising is back to normal. As I’ve experienced first-hand over the past few months on some of the first sailings to resume in North America and several voyages in Europe, the cruise experience has been changed by the COVID-19 pandemic in ways big and small — for both better and worse. Taking a cruise right now involves dealing with new hassles such as pre-cruise COVID-19 testing and once-unthinkable restrictions both onboard ships and on land. But it also brings some unexpected rewards, including experiencing...

Norwegian Cruise Line is holding its ground on the vaccine passport ban to sue Florida's State Surgeon General. Norwegian Cruise Line Holdings has decided not to follow other cruise lines by complying with the vaccine passport ban in Florida. Instead, the cruise company has filed a lawsuit against Florida’s Surgeon General on the vaccine passport ban, which the state signed into law in May 2021. NCL Sues Florida Over Vaccine Passport Ban The state of Florida pushed so much on its lawsuit against the US Centers for Disease Control and Prevention (CDC) on overruling the Conditional Sailing Order. Well, now,...

Miami-based Norwegian Cruise Line said it may avoid Florida ports because of the Sunshine State’s vaccine passport ban. “But at the end of the day, cruise ships have motors, propellers, and rudders. And God forbid we can’t operate in the state of Florida for whatever reason, then there are other states that we do operate from. And we can operate from the Caribbean for ships that otherwise would have gone to Florida,” Norwegian President and Chief Executive Officer Frank J. Del Rio told reporters on Thursday during an earnings call for the first quarter of 2021. He said all cruise...

TAMPA, Fla. (AP/WFLA) – Norwegian Cruise Lines is threatening to skip Florida ports because of the governor’s order banning businesses from requiring customers be vaccinated against COVID-19. Norwegian CEO Frank Del Rio says the executive order from Gov. Ron DeSantis’ (R-Florida) banning what he called ‘vaccine passports’ conflicts with federal guidelines that would let cruise ships sail in U.S. waters if passengers and crew members are vaccinated. Legally, lawyers believe that federal law applies and not state law, but I’m not a lawyer. And we hope that this hasn’t become a legal football or a political football. But at the...

Norwegian Cruise Line Holdings Ltd., amended a filing with the Securities and Exchange Commission on Tuesday citing financial losses due to coronavirus mean there is “substantial doubt” the company can “continue as a going concern,” raising the specter of bankruptcy.SNIP The filing notes that in addition to the suspension of cruising, there has been a decline in advance bookings, and notes it remains under a “no sail order” from the Centers for Disease Control and Prevention that could extend into late July. At present, the three lines have canceled cruises through June 30.

MIAMI | A Norwegian Cruise Line cruise ship at the center of a missing person mystery returned to the Port of Miami on Sunday morning, where FBI agents stood waiting. Sunday they launched an investigation into the disappearance of Jennifer Seitz, 36, who was a passenger aboard the Norwegian Pearl, officials said. “We’re looking to see if a crime was committed on the high seas,” said FBI Special Agent Michael Leverock. He added that agents interviewed numerous passengers and crew members Sunday morning and searched the cabin Seitz was staying in for any potential clues to what may have happened...

An unammed cruise ship of Norwegian registry sailing the Caribbean Sea, has requested the urgent assistance of the U.S. Coast Guard and the Puerto Rico Ports Authority. An undetermined number of passengers have come down with "gastrointestinal problems". At least one requires hospitalization. The cruise ship is approaching the Port of the City of Ponce in Puerto Rico's southern coast and will be docking later today. Authorities there are standing by to provide assistance. The ship is expected to continue to Miami after dropping off the patients.

Two dozen passengers sued the Norwegian Cruise Line for $100 million yesterday after one of its ships was battered by a fierce storm while racing back to New York for a TV shoot for "The Apprentice." In the suit, filed in Miami federal court, the passengers claimed they feared for their lives on April 15, when the Norwegian Dawn battled waves of up to 70 feet and harrowing gale-force winds that smashed windows and flooded more than 60 cabins. Four passengers were injured. The passengers said the ship, which was returning from a cruise to the Bahamas, could have avoided...