Royal Caribbean Group, a prominent player in the vacation industry, has joined the Methane Abatement in Maritime Innovation Initiative (MAMII) to reduce methane emissions in the maritime sector. With a focus on transitioning to LNG fuels, the initiative aims to combat methane emissions with industry collaboration. Royal Caribbean Group’s involvement is crucial in driving sustainability efforts.
Royal Caribbean has appointed Sailor as the chief dog officer (CDO) for the upcoming ship, Star of the Seas, following the success of Rover on Icon of the Seas. The new ship will offer waterparks, dining options, and a refreshed Empire Supper Club. Legend of the Seas will debut in 2026.
Royal Caribbean is poised for a successful year in 2025, with a projected 23% increase in earnings. Share prices surged by 12% on the news, exceeding analysts’ estimates. The company’s record-breaking start to the “WAVE” season is attributed to new ship investments. CEO Jason Liberty announced plans for Celebrity River Cruises, impacting industry rival Viking Holdings.
The Vizag International Cruise Terminal (ICT) in Visakhapatnam is set to open in March, costing Rs 96.05 crore. It can accommodate 2,000 passengers and has various facilities. Discussions with major cruise lines are ongoing. The Vizag Port also completed the Vizag International Cruise Terminal (VICT) to attract more ships and boost tourism in the region.
Michael Virgil, a 35-year-old man, passed away aboard Royal Caribbean’s Navigator of the Seas after being subdued by the security team following an outburst. The cause of death is still unknown, and steps are being taken to protect the privacy of those involved. Virgil leaves behind a wife and 7-year-old son.
A Royal Caribbean cruise departing from San Pedro, California, turned chaotic when a drunk passenger caused a violent scene on the Navigator of the Seas. The incident occurred just an hour after the ship set sail for Ensenada, Mexico. Despite the security team’s efforts, the incident marred what was supposed to be a celebratory vacation.
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.
Norwegian Cruise Line Holdings raised its profit forecast for the third time, benefitting from high demand for luxury travel. CEO Harry Sommer reported record bookings for budget cruises, leading to increased ticket prices. Despite strong earnings in Q2, the company’s shares declined due to rising oil prices and slightly lower revenue expectations.
Cruise operator Royal Caribbean Group is seeking to hire thousands of workers to keep up with the record demand for cruises worldwide. Bookings hit a new high in 2023, prompting the company to increase its workforce. With plans to hire over 10,000 employees and commission new ships, their growth strategy is in full swing.
Royal Caribbean Group raised its annual profit forecast after record bookings and higher ticket prices. CEO Jason Liberty highlighted the success of their fleet, including the launch of Icon of the Seas. The company expects adjusted earnings per share to increase and net cruise costs to rise about 5.5% for the year.
Royal Caribbean International is suspending stops at its private destination in Haiti due to recent violence. The cruise line’s Labadee port, transformed into an amusement park, is now off-limits. Passengers will have alternative stops or days at sea. Royal Caribbean has faced criticism for continuing calls to Haiti in the past.
Icon of the Seas cruise ship rescued 14 stranded individuals from a small boat. The Royal Caribbean crew members on the world’s largest cruise ship, the Icon of the Seas, carried out the rescue operation on Sunday. The incident highlights the importance of maritime safety and the role of cruise ships in aiding those in distress.
Royal Caribbean Group has entered an agreement to order another giant cruise ship, expanding its post-pandemic prospects. The new Oasis-class ship will be the group’s seventh and is expected to arrive in 2028. With the cruise industry showing signs of growth, shipyards are eager to continue building back their long-term business prospects.
Royal Caribbean Group forecasts 2024 profit above Wall Street expectations, driven by strong demand for cruise travel and increased ticket prices. The company reported an exceptional year in 2023 and expects 2024 to be another robust year, with record start to wave season. Shares of the cruise company were slightly higher in early trading.
The Royal Caribbean’s new Sea icon cruise ship, set to start its first official trip on January 27th, is the largest in the world and is sure to cause a stir. But with its grandeur comes a troubling environmental impact, as it emits twice as much greenhouse gas as flying.
