boscobeans Posted May 6, 2020 #26 Share Posted May 6, 2020 I wonder what effect an NCL closing would mean to the Cape Liberty market. NCL sails out of NYC to Bermuda and the Caribbean with cruises both short and long like 14 days. We didn't like the way the ship or terminal was run by NCL but our 14 day Winter cruise from NYC on the Breakaway to ports as far south as the ABC's was more than fantastic. They cruise 3 ships on an almost continuous basis. Might be something for Royal, Azamara or Celebrity to look into especially if they are going to reduce Asian and European cruises.. The passenger base within 100 - 200 miles of that area is staggering and a port that requires no air travel for that many people might be VERY attractive. Link to comment Share on other sites More sharing options...
lenquixote66 Posted May 6, 2020 #27 Share Posted May 6, 2020 13 hours ago, Jingerwoppy said: Yeppers. Prices for cruises on any existing cruise line will very likely increase. Link to comment Share on other sites More sharing options...
TheMastodon Posted May 6, 2020 #28 Share Posted May 6, 2020 17 hours ago, travelhound said: Yup, RCC and CCL will buy them at a very good discount. They don't have the $ to buy ships right now. 1 Link to comment Share on other sites More sharing options...
travelhound Posted May 6, 2020 #29 Share Posted May 6, 2020 7 hours ago, TheMastodon said: They don't have the $ to buy ships right now. That's what negative interest rates are for 🙂 1 Link to comment Share on other sites More sharing options...
zekekelso Posted May 6, 2020 #30 Share Posted May 6, 2020 11 hours ago, FLACRUISER99 said: I think MSC will be the big survivor. How I see this all playing out Link to comment Share on other sites More sharing options...
JT1962 Posted May 6, 2020 #31 Share Posted May 6, 2020 That's what negative interest rates are for [emoji846]None of the cruise lines are likely to qualify for anything near negative interest rates for years. Many are having to pay 11 - 12%+ to get any takers for their bond issues. Link to comment Share on other sites More sharing options...
travelhound Posted May 6, 2020 #32 Share Posted May 6, 2020 40 minutes ago, JT1962 said: None of the cruise lines are likely to qualify for anything near negative interest rates for years. Many are having to pay 11 - 12%+ to get any takers for their bond issues. Well maybe NCL will not have to be sold for scrap, https://www.cnbc.com/2020/05/06/norwegian-cruise-line-raises-over-2-billion-to-withstand-well-over-a-year-without-revenue.html Link to comment Share on other sites More sharing options...
TheMastodon Posted May 7, 2020 #33 Share Posted May 7, 2020 14 hours ago, travelhound said: Well maybe NCL will not have to be sold for scrap, https://www.cnbc.com/2020/05/06/norwegian-cruise-line-raises-over-2-billion-to-withstand-well-over-a-year-without-revenue.html They will need more than a year worth of $$$. I don't know how people in our society think this thing is just going to go away and things go back to normal. I still contend the CDC will not allow cruising anytime soon - regardless of what Carnival is saying about sailing again in August. Link to comment Share on other sites More sharing options...
travelhound Posted May 7, 2020 #34 Share Posted May 7, 2020 The CEO of NCL is going to be on CNBC with Jim Cramer tonight. He is going to talk about their plan to resume cruising. 1 Link to comment Share on other sites More sharing options...
F27TW Posted May 7, 2020 #35 Share Posted May 7, 2020 We were on Norwegian for the firs time this past fall (NYC-Bermuda) and absolutely loved it. I would so hate to see them disappear. Hoping for the best for each of the big 3 ... as well as the smaller lines (MSC, etc). The cruise industry was so rubust and vibrant up till just a couple of months ago .. its hard to fathom all of this happening right now. 1 Link to comment Share on other sites More sharing options...
PelicanBill Posted May 7, 2020 #36 Share Posted May 7, 2020 1 hour ago, TheMastodon said: They will need more than a year worth of $$$. I don't know how people in our society think this thing is just going to go away and things go back to normal. I still contend the CDC will not allow cruising anytime soon - regardless of what Carnival is saying about sailing again in August. The infusion is good for about a year with no revenue sailings. The industry has to get back to sailing with customers well before a year or many other cruise lines will also go into financial crisis. The quest is what resumed sailing looks like. To reduce public area density we may need ships to sail at less than 100% ... 75? 50? How much cash will the cruise lines burn if the cost of operating a cruise does not equal a profit on the cruise? For how long can this go on... until vaccines are working and we declare social distance isn't needed? The CDC has issued a plan for cruising to resume - but it's demanding. They require ICU level medical facilities and qualifications and a evacuation plan for anyone sick that does not send them to US soil. They recommend a separate ship outfitted as a hospital! Link to comment Share on other sites More sharing options...
TheMastodon Posted May 7, 2020 #37 Share Posted May 7, 2020 16 minutes ago, PelicanBill said: The infusion is good for about a year with no revenue sailings. The industry has to get back to sailing with customers well before a year or many other cruise lines will also go into financial crisis. The quest is what resumed sailing looks like. To reduce public area density we may need ships to sail at less than 100% ... 75? 50? How much cash will the cruise lines burn if the cost of operating a cruise does not equal a profit on the cruise? For how long can this go on... until vaccines are working and we declare social distance isn't needed? The CDC has issued a plan for cruising to resume - but it's demanding. They require ICU level medical facilities and qualifications and a evacuation plan for anyone sick that does not send them to US soil. They recommend a separate ship outfitted as a hospital! Even if the ship is at 50% occupancy - this will not stop the spread. I'm worried about the industry - just don't see how they can navigate these complicated times. Link to comment Share on other sites More sharing options...
Rare John&LaLa Posted May 7, 2020 #38 Share Posted May 7, 2020 17 minutes ago, PelicanBill said: The infusion is good for about a year with no revenue sailings. The industry has to get back to sailing with customers well before a year or many other cruise lines will also go into financial crisis. The quest is what resumed sailing looks like. To reduce public area density we may need ships to sail at less than 100% ... 75? 50? How much cash will the cruise lines burn if the cost of operating a cruise does not equal a profit on the cruise? For how long can this go on... until vaccines are working and we declare social distance isn't needed? The CDC has issued a plan for cruising to resume - but it's demanding. They require ICU level medical facilities and qualifications and a evacuation plan for anyone sick that does not send them to US soil. They recommend a separate ship outfitted as a hospital! Easier to build a hospital on Coco Cay😇 2 Link to comment Share on other sites More sharing options...
PelicanBill Posted May 7, 2020 #39 Share Posted May 7, 2020 3 hours ago, TheMastodon said: Even if the ship is at 50% occupancy - this will not stop the spread. I'm worried about the industry - just don't see how they can navigate these complicated times. I think everyone (except our government) is watching the Asian countries that have run the course of the outbreak and begun to return with new norms. However, their new norms are strict. masks, temperature checks, gloves, distance. And they enforce it. If they do not have a rise in new cases, then it may be proved we can move about under strict new norms. But can Americans do that? I agree and have doubts. I am appalled at how many people are taking to the streets and beaches without masks... 1 Link to comment Share on other sites More sharing options...
Rare livingonthebeach Posted May 8, 2020 #40 Share Posted May 8, 2020 10 hours ago, travelhound said: The CEO of NCL is going to be on CNBC with Jim Cramer tonight. He is going to talk about their plan to resume cruising. Yes - here's the link to the interview: https://www.cnbc.com/2020/05/07/norwegian-cruise-line-ceo-we-expect-to-sail-sometime-in-2020.html 1 Link to comment Share on other sites More sharing options...
Rare Tree_skier Posted May 8, 2020 #41 Share Posted May 8, 2020 On 5/5/2020 at 1:41 PM, Scottee25 said: More than likely they will file bankruptcy and restructure debts in hopes of emerging and conducting business once the greatest risks of the pandemic are behind this. Exactly right, bankruptcy doesn't mean they don't exist. It just means they don't have to service their debt. 1 Link to comment Share on other sites More sharing options...
ONECRUISER Posted May 8, 2020 #42 Share Posted May 8, 2020 12 hours ago, PelicanBill said: The CDC has issued a plan for cruising to resume - but it's demanding. They require ICU level medical facilities and qualifications and a evacuation plan for anyone sick that does not send them to US soil. They recommend a separate ship outfitted as a hospital! Even with the Date all subject to change. Probably will be give and take with Cruise Lines and CDC. If not wouldnt be first time other parts Govt directed or override CDC... As long as it's sailing I plan of boarding my ship this yr Link to comment Share on other sites More sharing options...
Rare Tree_skier Posted May 8, 2020 #43 Share Posted May 8, 2020 13 hours ago, PelicanBill said: The CDC has issued a plan for cruising to resume - but it's demanding. They require ICU level medical facilities and qualifications and a evacuation plan for anyone sick that does not send them to US soil. They recommend a separate ship outfitted as a hospital! Where is the plan listed. I haven't seen or heard specifics at this point. Link to comment Share on other sites More sharing options...
travelhound Posted May 8, 2020 #44 Share Posted May 8, 2020 5 hours ago, livingonthebeach said: Yes - here's the link to the interview: https://www.cnbc.com/2020/05/07/norwegian-cruise-line-ceo-we-expect-to-sail-sometime-in-2020.html Thanks, Frank did a good job. Maybe there is some hope for NCL. Link to comment Share on other sites More sharing options...
travelhound Posted May 8, 2020 #45 Share Posted May 8, 2020 15 hours ago, F27TW said: We were on Norwegian for the firs time this past fall (NYC-Bermuda) and absolutely loved it. I would so hate to see them disappear. Hoping for the best for each of the big 3 ... as well as the smaller lines (MSC, etc). The cruise industry was so rubust and vibrant up till just a couple of months ago .. its hard to fathom all of this happening right now. We did that cruise on NCL about 5 years ago. It was a really good time. I hope NCL is able to survive this crisis. 1 Link to comment Share on other sites More sharing options...
PelicanBill Posted May 8, 2020 #46 Share Posted May 8, 2020 11 hours ago, Tree_skier said: Where is the plan listed. I haven't seen or heard specifics at this point. Was posted and discussed a week or so ago... here it is https://www.cdc.gov/quarantine/pdf/No-Sail-Order-Cruise-Ships_Extension_4-9-20-encrypted.pdf Link to comment Share on other sites More sharing options...
MADflyer Posted May 8, 2020 #47 Share Posted May 8, 2020 NCL CEO now stating cruise industry will "bounce back very, very well. " https://www.usatoday.com/story/travel/cruises/2020/05/08/norwegian-cruise-line-ceo-cruisers-come-back-after-coronavirus/3091845001/ Link to comment Share on other sites More sharing options...
zekekelso Posted May 8, 2020 #48 Share Posted May 8, 2020 11 hours ago, travelhound said: We did that cruise on NCL about 5 years ago. It was a really good time. I hope NCL is able to survive this crisis. Never sailed NCL, but they have pushed the industry in good directions. At least from my standpoint. Competition is always good for keeping all the players on their toes. Link to comment Share on other sites More sharing options...
travelhound Posted May 8, 2020 #49 Share Posted May 8, 2020 42 minutes ago, zekekelso said: Never sailed NCL, but they have pushed the industry in good directions. At least from my standpoint. Competition is always good for keeping all the players on their toes. We always liked their Freestyle dinning Link to comment Share on other sites More sharing options...
travelhound Posted May 8, 2020 #50 Share Posted May 8, 2020 49 minutes ago, MADflyer said: NCL CEO now stating cruise industry will "bounce back very, very well. " https://www.usatoday.com/story/travel/cruises/2020/05/08/norwegian-cruise-line-ceo-cruisers-come-back-after-coronavirus/3091845001/ Yup, let's hope all of us are able to cruise again soon :) Link to comment Share on other sites More sharing options...
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