Cruise Industry

Cruise Industry

Postby winston » Wed Jan 28, 2015 5:15 am

not vested

Carnival ponders China cruise line

Cruise operator Carnival Corp is in talks with state-owned China Merchants Group to develop a new cruise line for the fast-growing China market, the US firm said yesterday.

The pair have agreed to look into setting up two separate ventures to tap into the local cruise business. The Chinese market could nearly double to US$11.5 billion (HK$90 billion) in sales by 2018, compared with US$6.8 billion in 2013, says researcher Euromonitor.

One potential venture would own and operate its own cruise ships for the China market, with ships that may be designed and built in the mainland, Carnival said. The other venture would develop cruise terminals in China and around north Asia.

The US firm expects to carry 500,000 cruise passengers in China this year, up 140 percent from 2013, it said. Carnival said last year it has signed a memorandum of understanding with China State Shipbuilding Corporation to build China's first luxury cruise vessel.

Source: REUTERS
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Re: Cruise Industry

Postby winston » Tue Oct 27, 2015 8:04 pm

Cruise line Royal Caribbean rises to an all-time high... shares are up about 240% over the past four years.
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Re: Cruise Industry

Postby winston » Tue Mar 28, 2017 8:41 pm

ANOTHER SIGN THINGS CAN'T BE ALL THAT BAD

Today's chart suggests that while people are still cautious about the U.S. economy, things can't be all that bad...

Longtime readers know we like to check in on certain economic "bellwethers" from time to time.

The share-price strength of industries like hotels, swimming pools, and credit cards tells us a lot about whether Americans are feeling flush with cash or tightening the reins.

And based on share prices of popular cruise lines Carnival (CCL) and Royal Caribbean Cruises (RCL), Americans are treating themselves.

As you can see from the following chart, Carnival and Royal Caribbean are breaking out. Both stocks are up more than 25% over the last five months. Carnival just hit its highest level in more than a decade, and Royal Caribbean is a chip shot away from a new multidecade high.

While the "talking heads" remain fixated on the latest drama in the White House, if cruise lines are marching to new highs, it's a sign that things can't be all that bad...

Source: Daily Wealth
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