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Added on the 25/01/2019 15:28:00 - Copyright : Wochit
Royal Caribbean has announced they are selling its Azamara cruise line brand. According to Business Insider, the company will sell the line to Sycamore Partners for $201 million. The Azamara deal is the latest in a series of cruise industry disruptions amid the COVID-19 pandemic. The Azamara sale is a cash transaction between Royal Caribbean and Sycamore Partners, a private equity firm. Sycamore will then own the cruising brand and its fleet of three ships.
The stock market took a dive on Friday on news that US President Donald Trump has tested positive for COVID-19. According to Business Insider, industry experts think the cruise industry could take a hit from the news. Macquarie analyst Paul Golding says an event raising the visibility of the virus could 'potentially alter the timeline for full resumption for the cruise lines.' Golding added that anything that increases the likelihood of a new administration in January could negatively impact cruise supply and demand. He explained that a new administration would likely be less sympathetic toward cruise lines reopening without a vaccine. Furthermore, a Biden administration would likely be 'more keen to follow doctor, scientist, and expert recommendations.'
The MSC Grandiosa sets sail from Italy as the country allows cruise companies to resume operations after a 6-month shutdown due to the COVID-19 pandemic.
Singapore, May 23 (EFE/EPA).-The Superstar Gemini cruise ship, docked at the Marina Bay Cruise Center in Singapore, is being used to house around 700 migrant workers who have recovered from the COVID-19 disease.A majority of Singapore's 30,426 confirmed cases of the coronavirus are from the migrant worker community living in overcrowded dorms. (Camera: WALLACE WOON).SHOTLIST: MIGRANT WORKERS WHO HAVE RECOVERED FROM THE COVID-19 DISEASE LIVING ON THE CRUISE SHIP SUPERSTAR GEMINI BERTHED AT THE MARINA BAY CRUISE CENTRE IN SINGAPORE.
Footage of the Navigator of the Seas, a cruise ship operated by Royal Caribbean International and docked in the Port of Miami, as a group of crew members aboard has gone on hunger strike. The group is demanding that the company send them home after waiting for more than two months to be repatriated. They have been stranded at sea since the industry halted operations amid the coronavirus pandemic. IMAGES
Cuxhaven (Germany), May 2 (EFE/EPA).- (Camera: Focke Strangmann) The cruise ship 'Mein Schiff 3' of TUI cruises is moored at the Steubenhoeft pier in Cuxhaven, northern Germany. According to media reports, the vessel, which arrived on 28 April 2020 with about 2,900 crew members of the 'Mein Schiff 3' and other ships of the TUI fleet aboard, is held under quarantine because one person aboard was diagnosed with Covid-19.FOOTAGE OF THE SHIP IN CUXHAVEN.
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