Cruise News
Cruise News
Apr 1, 2020
Cruise News – April 1st, 2020
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Carnivals credit rating from Moodys has been downgraded.

With Carnivals 3bln bond sale starting today hoping to find buyers has proven a challenge with Carnival having to offer short term bonds at a whopping 12.5%-13% interest.

Carnival estimates a majority of their fleet will be in a prolonged ship layup going forward to refuce the monthly costs to approx. $1 million per month in overhead for maintenence per ship. This does not include any other expenses such as loan and interest payments.

Holland America is still looking for a port to accept the Zaandam and Rotterdam ships. Florida's Port Everglades is awaiting a formal proposal from HA being voting.

Holland America's President Orlando Ashford posted a blog on HA's site asking for assistance.

However Florida Governor Ronald DeSantis has already stated he does nto want the ships in Florida and will escalate tot he White House if needed. Hopefully a mutually agreed plan can be agreed to to get these guests assistance.

Viking announces they will be offering river cruises on the Mississippi river starting in August 2022. The purpose built ships are currently being built in Louisiana.

MSC has announced they are extending your Voyagers Club status until the December 31st, 2021 if it was going to expire in 2020 due to lack of travel.

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