I heard a real quick discussion of whether the government should save the cruise industry

[drsel]

It seems like The Cruise industry is doomed by not just a virus but also its stigma.

 

Edited March 27, 2020 by drsel

[drsel]

What would you do if you bought a depreciating asset by taking a huge loan; and then find that you are unable to use it for whatever reason

Edited March 27, 2020 by drsel

[ed01106]

14 minutes ago, K32682 said:

 

What was missing from 9/11 and 2008 was stigma that applied exclusively to cruise lines.  The images of the Diamond Princess won't die easily.   It's not news that cruise ships often facilitated the spread of viruses but COVID-19 takes it to a whole new level. 

Outside of CC I am not see any blame being directed specifically at cruise ships.  Universal opposition to bailing them out because they aren’t American companies, but no real stigma.  Diamond will be  forgotten quicker than Triumph. Problem is they are too over leveraged to withstand even a brief disruption.

[pacruise804]

2 hours ago, drsel said:

What would you do if you bought a depreciating asset by taking a huge loan; and then find that you are unable to use it for whatever reason

 

Unfortunately I think many who recently financed vehicles (depreciating asset) and are now not working/under stay at home orders are facing this very situation.

 

 

[ed01106]

6 minutes ago, pacruise804 said:

 

Unfortunately I think many who recently financed vehicles (depreciating asset) and are now not working/under stay at home orders are facing this very situation.

 

 

I would rather bail them out than the cruise lines.

[drsel]

2 hours ago, pacruise804 said:

 

Unfortunately I think many who recently financed vehicles (depreciating asset) and are now not working/under stay at home orders are facing this very situation.

Actually I was referring to the cruise ships

[ed01106]

6 minutes ago, drsel said:

Actually I was referring to the cruise ships

Yes, we knew that.  

[drsel]

In some countries, where interest rates are ridiculously high, it doesnt make sense to borrow for any investment purpose, least of all to buy a depreciating asset.

[drsel]

A depreciating asset which also has high running costs & heavy maintainence is actually a liability (acc. to Rich Dad Poor Dad)

[clo]

5 hours ago, drsel said:

It seems like The Cruise industry is doomed by not just a virus but also its stigma.

 

Which, IMO, they partially brought on themselves.

[clo]

5 hours ago, drsel said:

What would you do if you bought a depreciating asset by taking a huge loan; and then find that you are unable to use it for whatever reason

Cry? Whine?

[drsel]

22 minutes ago, clo said:

Which, IMO, they partially brought on themselves.

I dont think its their fault, its just bad luck

[drsel]

22 minutes ago, clo said:

Cry? Whine?

Ha Ha.

[clo]

9 minutes ago, drsel said:

I dont think its their fault, its just bad luck

I don't think they've handled it well, during and after.

[drsel]

Well Costa handled it very badly but some like celebrity and carnival did much better

Edited March 27, 2020 by drsel

[donaldsc]

8 hours ago, whogo said:

Cruise lines are "out of bailout package" according to this Washington Post article. "The industry’s trade group, the Cruise Lines International Association, acknowledged Thursday that the major cruise lines weren’t included in the package..."

 

https://www.washingtonpost.com/business/2020/03/26/cruise-line-bailout/ 

 

Good.  They are getting exactly what they deserve.  

 

DON

[Jim9310]

Today's news is going to make it even harder for CCL to obtain a bailout------

Four dead on Carnival-owned cruise ship (Zaandam) amid new coronavirus outbreak aboard

https://www.cnbc.com/2020/03/27/four-dead-on-carnival-cruise-ship-amid-new-coronavirus-outbreak-aboard.html

[ed01106]

I thought all the cruise lines shut down two weeks ago?

[CruiserBruce]

2 hours ago, ed01106 said:

I thought all the cruise lines shut down two weeks ago?

Not all ships were allowed to just dock and offload. The ship in question was refused by at least 4 countries after the announced shutdown. Now has been refused by Panama canal to return to its home port. Looking for another port.

 

There are about half a dozen or so ships that have not officially shutdown yet. Mostly because no ports in their area will accept them, cases or not.

[chipmaster]

Another line and couldn't be worse press, dead on board, and likely nowhere to go:

 

https://www.cnn.com/2020/03/27/us/four-dead-holland-america-cruise-ship/index.html

 

Seems like we got two ships now that will have a problem, one ship with thousands of passengers where many likely have virus but no symptoms and another with the sick, wow oh wow.

Edited March 27, 2020 by chipmaster

[clo]

46 minutes ago, chipmaster said:

Another line and couldn't be worse press, dead on board, and likely nowhere to go:

 

I'm sure this has been asked and answered but have other passengers, singular or plural, died ON the ship?

[CruiserBruce]

5 minutes ago, clo said:

I'm sure this has been asked and answered but have other passengers, singular or plural, died ON the ship?

It has been released by HAL that 4 people have died. About 10 hours ago.

[CruiserBruce]

53 minutes ago, chipmaster said:

Another line and couldn't be worse press, dead on board, and likely nowhere to go:

 

https://www.cnn.com/2020/03/27/us/four-dead-holland-america-cruise-ship/index.html

 

Seems like we got two ships now that will have a problem, one ship with thousands of passengers where many likely have virus but no symptoms and another with the sick, wow oh wow.

Huh? The Zaandam is the only ship with sick pax on board.

[clo]

Just now, CruiserBruce said:

It has been released by HAL that 4 people have died. About 10 hours ago.

Oh, I know. I meant other than that. Should have written "on A ship."

[clo]

Just now, CruiserBruce said:

Huh? The Zaandam is the only ship with sick pax on board.

Symptomatic versus asymptomatic. So I'm guessing there are pax who are or will be sick on both.