Royal Caribbean has raised its annual profit forecast for the fourth time this year due to strong demand and higher prices for its private destinations, European, and Alaskan vacations. Analysts expect a healthy 20% profit growth in 2025, reflecting the company’s evolution into a more consistent, higher-return business.
Major cruise operators are investing heavily in their own private destinations, such as Royal Caribbean’s “Perfect Day at CocoCay” in The Bahamas. This strategy has proven to be lucrative, with increased revenues and reduced costs. Competitors are following suit, driving a trend towards private destinations and impacting public Caribbean destinations.
The new cruise ship, Mein Schiff Relax, completed its sea trials in Italy, showcasing its dual-fuel LNG propulsion system and impressive maneuverability. With innovative design elements and a focus on relaxation, the ship offers passengers a range of amenities. Mein Schiff Relax will Operate in a joint venture with Royal Caribbean Group.
Starting in 2025, ferry passengers can expect a significant rise in ticket prices due to a 7% increase in seafarers’ wages over the next two years. The Panhellenic Seamen’s Federation reached an agreement after a three-day strike, leading to the suspension of the strike. Fuel surcharges will also contribute to the fare increase.
Viking has ordered two more cruise ships from Fincantieri, bringing the total to 10. The collaboration began in 2012, resulting in the launch of Viking Star in 2015. The new ships will be larger, accommodating 998 passengers. Fincantieri has a busy schedule with orders from various cruise lines, indicating a resurgence in the industry.
The FCCA reported record economic contributions from the 2023-2024 cruise year, with $4.27 billion in direct expenditures across 33 destinations. This marked a 27% increase from 2018, supporting 94,027 jobs and 29.4 million onshore visits. Cruise lines spent $968.3 million, with an average of $29.3 million per destination.
The Marine Accident Investigation Branch (MAIB) investigated the loss of propulsion control and collision by the Oceandiva London during trials on the River Thames. The vessel, an inland waterways passenger ship, sustained damage but no injuries. The crew lacked experience to challenge the surveyor’s plan, leading to the incident.
The Estonian State Fleet is seeking bids for a new electric ferry to serve the main islands, aiming for greater energy efficiency and environmental sustainability. With modern amenities and accessibility features, the ferry will accommodate 500 passengers and 130 vehicles. Funding comes from the European Modernisation Fund and CO2 emissions trading revenues.
A groundbreaking project between Turkish Tersan shipyard and Norwegian ferry operator Fjord1 will produce four zero-emission, autonomous ferries powered by SCHOTTEL EcoPellers. These vessels, designed by HAV Design, prioritize sustainability and passenger comfort. With plans to improve connectivity by 2026, the project signifies a significant advancement in maritime transportation in Norway.
During Hurricane Milton, Carnival cruise ships faced delays and rerouting due to port closures in Florida. Some passengers blamed the cruise line for inconveniences and demanded compensation, with one man even yelling at crew members and cyberbullying Brand Ambassador John Heald. Despite challenges, many expressed gratitude for the crew’s efforts in keeping them safe.
Hurtigruten has revealed its Sea Zero project, a zero-emission ship set to sail in 2030. Equipped with batteries and sails, the ship will operate emission-free with a 40-50% reduction in energy consumption. Designed by Vard in Norway, it features OceanWings sails and contra-rotating propellers, along with smart cabins for energy control.
Passengers on the “Endless World Cruise” faced delays and confusion as their journey began in Belfast, Northern Ireland. The cruise ship, Odyssey, departed with much fanfare, only to anchor just outside Belfast. Passengers complained of conflicting reports, with the CEO assuring them that the ship would be leaving “any minute now.”
The Dutch advertising board ruled against MSC Cruises for greenwashing, finding their sustainability claims misleading. Despite MSC’s goal of “net zero by 2050,” the board criticized their promotion of LNG as a cleaner fuel. Environmental groups filed the complaint, emphasizing the importance of transparency in companies’ environmental efforts.
Carnival Corp has exceeded market expectations for third-quarter results, raising its annual profit forecast for the third time. The surge in demand for cruise vacations and reduced operational costs contributed to the company’s strong performance. Despite a slight decline in fourth-quarter earnings per share target, Carnival remains optimistic about its financial outlook for the year.
Villa Vie Residence’s “endless world cruise” aboard the Odyssey is finally setting sail after a lengthy refit in Belfast. With 125 residents on board and space for up to 650, the ship offers 15 years of accommodation and a unique living experience. Despite challenges, the company is optimistic about the journey ahead.
