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» Cruise Talk   » Cruise Lines   » Premier and Nierenberg

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Author Topic: Premier and Nierenberg
DAMBROSI
First Class Passenger
Member # 100

posted 11-22-2000 04:15 PM      Profile for DAMBROSI   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 

Just a question to throw
out. But what will Nerenberg face? Any charges at all for letting a company like that go down the tubes.
I mean is he going out
scot free?

Posts: 2554 | From: Florida, USA, Where the Legend SS NORWAY sailed from. Moving back to FL next yr. | Registered: May 99  |  IP: Logged
DAMBROSI
First Class Passenger
Member # 100

posted 11-23-2000 01:07 PM      Profile for DAMBROSI   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
How interesting, nobody will touch this subject.
I think he has ALOT to answer for.

Posts: 2554 | From: Florida, USA, Where the Legend SS NORWAY sailed from. Moving back to FL next yr. | Registered: May 99  |  IP: Logged
Tim in Fort Lauderdale
First Class Passenger
Member # 953

posted 11-24-2000 10:15 AM      Profile for Tim in Fort Lauderdale     Send New Private Message      Edit/Delete Post  Reply With Quote 
Dambrosi,

Premier was a dismal failure and was doomed from the begining. Not due to Bruce, but that fact that it was mis-guided and mis-managed from the start.

Bruce was brought in to try and fix the damage done by Kristian Stensby,Morty Mathisen, Larry Magnin, International Shipping Partners and the "Junk
Bond Gang". Why anyone would have assembled this fleet and held even the slightest glimmer of hope that a fleet of old , inefficient and out of date ships could try and compete against the big, new, glitzy tonnage is beyond me.

Old ships are great and nostalgic, but the consumers dont want them unless there is a price advantage, which they never had. This venture was doomed from the start.


Posts: 1468 | From: Fort Lauderdale, FL | Registered: Dec 1999  |  IP: Logged
dockside
First Class Passenger
Member # 1622

posted 11-25-2000 10:21 AM      Profile for dockside   Email dockside   Send New Private Message      Edit/Delete Post  Reply With Quote 
The only reason to sail on one of the old "Grand Dames of the Sea" is to recapture their glorious past of service and appointment. Trying to make them as glitzy and nondescript as the current crop of 'Mega-Ships' defeats that purpose. It would be better to send them to the breakers than let them proceed through a series of less and less reputable operators where the only result is the destruction of the good name and history of a find old ship.
Posts: 52 | From: New Jersey, USA | Registered: Oct 2000  |  IP: Logged
geno-r
First Class Passenger
Member # 931

posted 11-25-2000 12:16 PM      Profile for geno-r   Email geno-r   Send New Private Message      Edit/Delete Post  Reply With Quote 
I totally disagree. You are forgetting that Premier had been around since the early 80's and had been very sucessful till the last few years. Their dimise(in my opinion) was not at all to them using older ships but their inept business decisions. Their downfall started with Disney's withdrawal and them starting their own cruise line. Also they should have left Dolphin and Seawind alone. They could have group purchasing and combined all of the other business type expenses behind the scenes to cut costs but stilloperated each division under it's own identity. But the bottom line is Premeir WAS sucessful until the end.
Posts: 549 | From: Mt. Pocono,Pa. Usa | Registered: Nov 1999  |  IP: Logged
DAMBROSI
First Class Passenger
Member # 100

posted 11-25-2000 02:25 PM      Profile for DAMBROSI   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
Bravo!!!! Bravo, Geno-R!!!
What I would like to know
is, why is it I read on one particular post that when Neirenberg got back.
That top officials jumped
ship. Sorry for the pun.

Posts: 2554 | From: Florida, USA, Where the Legend SS NORWAY sailed from. Moving back to FL next yr. | Registered: May 99  |  IP: Logged
Tim in Fort Lauderdale
First Class Passenger
Member # 953

posted 11-25-2000 02:28 PM      Profile for Tim in Fort Lauderdale     Send New Private Message      Edit/Delete Post  Reply With Quote 
Dockside,

The problem was, not that many passengers wanted to recapture the glory of a bygone era. And in essence, the Rembrandt was the only truly "grand" ship they had. It's cruirous to see how the supposedly oh so devoted and loyal legions of Rotterdam V fans never trasfered their affections and allegiances to her as Rembrandt. They transfered their loyalties to the new Rotterdam or other ships. As nostalgic as most of these pax were, they didnt want to lost the ship but they certainly seem to love all of the modern conveniences and creature comforts.

Geno,

Yes, the OLD Premier was sucessful but that success was with the BRB concept. By the time that Premier of late started to return to that concept, the damage had already been done and there was no way to put it right withought spending a billion dollars on newbuilds.

The Premier of recent incarnation was a dismal failure with losses mounting into the hundreds of millions over it's short, three year period.

Had Cruise Holdings left the original fleets as they were, they still would have been eclipsed by the newer ships in the marketplace and done in.

Mr and Mrs Average Consumer really have no desire to sail a 40 year old ship when for the same price they could sail a brand new ship.

And shipowners dont trade on sentiment, they trade on $$$$.

Tim

[This message has been edited by timber (edited 11-25-2000).]


Posts: 1468 | From: Fort Lauderdale, FL | Registered: Dec 1999  |  IP: Logged
DAMBROSI
First Class Passenger
Member # 100

posted 11-25-2000 03:11 PM      Profile for DAMBROSI   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
WRONG TIM, not everybody
feels that way.

Posts: 2554 | From: Florida, USA, Where the Legend SS NORWAY sailed from. Moving back to FL next yr. | Registered: May 99  |  IP: Logged
Tim in Fort Lauderdale
First Class Passenger
Member # 953

posted 11-25-2000 03:17 PM      Profile for Tim in Fort Lauderdale     Send New Private Message      Edit/Delete Post  Reply With Quote 
Dambrosi,

I didnt say EVERYONE...I said "Mr and Mrs Average Consumer".

Beleive it or not, lovers of old ships are in the minority. If they werent, the new ships wouldn't be such a smashing success.

That said, I love old ships as well. They're great fun to reminisce about and have scads of charm. But like new ships, they have their shortcomings as well.

Tim


Posts: 1468 | From: Fort Lauderdale, FL | Registered: Dec 1999  |  IP: Logged
DAMBROSI
First Class Passenger
Member # 100

posted 11-25-2000 03:30 PM      Profile for DAMBROSI   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
But it's the "Mr and Mrs.
Joe Average" who miss out
on what fun and the real
beauty of the older vessels have. Believe me,
I have photos to prove how
much I enjoy them.
Too many sure, but the only new ships that have
a lot of charm are with
Princess, Costa, Silversea
Cruises, NCL, and the original fleet of liners that left doing 3,4 and 7
days out of Miami in the
80's. Plus the beauties from the former Regency and Premier Cruise Lines.
THOSE WERE SHIPS TO ME.

Posts: 2554 | From: Florida, USA, Where the Legend SS NORWAY sailed from. Moving back to FL next yr. | Registered: May 99  |  IP: Logged
geno-r
First Class Passenger
Member # 931

posted 11-25-2000 04:32 PM      Profile for geno-r   Email geno-r   Send New Private Message      Edit/Delete Post  Reply With Quote 
Well I think that my wife and myself are pretty average and I think that the older ships could compete with the Newer ships. For instance, we don't like the new mega ships where getting on and off is even more of a cattle call than usual. For example when we cruised on the Oceanbreeze in 1997 we had a great time and I think with any cruise the make or break items is the Food and the crew (ie. service). An older ship can be wellmaintained and spruced to compete with the newer ships, but even a brand new ship with bad food and lousy service would let an old shiprun rings around it.

Hey Dambrosi, see your topic heated up LOL


Posts: 549 | From: Mt. Pocono,Pa. Usa | Registered: Nov 1999  |  IP: Logged
DAMBROSI
First Class Passenger
Member # 100

posted 11-25-2000 10:46 PM      Profile for DAMBROSI   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
It certainly has Geno-R.
And I have a feeling I'm
going to see more of it.

Posts: 2554 | From: Florida, USA, Where the Legend SS NORWAY sailed from. Moving back to FL next yr. | Registered: May 99  |  IP: Logged
Malcolm @ cruisepage
Cruise Director
Member # 301

posted 11-26-2000 10:58 AM      Profile for Malcolm @ cruisepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
I too love older ships - but they cannot compete with the new mega-ships in terms of popularity and profit. They offer economies of scale to the cruise line and additional facilities to the passengers. That's why the RCL do not build four small ships, but instead build one large 'Explorer'!

The real reason the Norway is being redeployed is because she can no longer compete in the Caribbean with new ships.

This is not an opinion, it's a fact! Of course there is room in the market for both big, small, old and new


Posts: 19210 | From: Essex (Just Outside London) | Registered: A Long Time Ago!  |  IP: Logged
desirod7
First Class Passenger
Member # 1626

posted 11-26-2000 11:19 AM      Profile for desirod7     Send New Private Message      Edit/Delete Post  Reply With Quote 
Premier biggest problem was too much expansion via too much debt from the beginning. LBO's of this sort fail often.

Nierenberg was called in by DLJ to turn things around. Premier's losses were enough to trigger DLJ to take over the company.
It was too little too late: they already had hit the Iceberg.

Premier wanted to buy the Canberra, but I believe they could not get the financing.
The 'released' stories don't add up.

Hindsight is 20/20. I would like to have seen Premier with only the Rotterdam V and Canberra and market them as the historic and significant classic liners they are. Antique ships are like antique homes and cars. They offer an unquantifiable feel and ambiance no new floating Holiday Inn on a bulk carrier can give.

These 2 ships could have had high culture entertainment and theme cruises.
Sailing from NYC or Vancouver in the Summer would attract a local crowd. Miami or LA in the winter. These cities are magnets.

The Dolphin ships were rebuilt to the point where their original charm was gone. They offer the worst of the old ships and the new ones.

Some of money not spent on there 3 tubs could be used to dieselize the Canberra and Rotterdam V, which would save on maintinence and fuel.

Been on 2 Premier cruises and the entertainment was like a high school talent show.

Kareoke in the elegant Rembrandt Smoking lounge is insulting. Disco in the Ritz Carlton is bad taste. The orchestra was off key and out of sync most of the time.

There are many very talented classical/jazz orchestra's, dance troupes, theatre groups that are underemployed and would jump at the chance for cruise ship work.

Again this would have been a niche market, for a smaller more 'sophisticated' audience.
With the right pricing, this would lower the resistance. They would have had to advertise in Conde-Nast traveler, The New Yorker, Punch, Architectural Digest, and other high brow publications.


Posts: 5727 | From: Philadelphia, Pa [home of the SS United States] | Registered: Oct 2000  |  IP: Logged
geno-r
First Class Passenger
Member # 931

posted 11-26-2000 06:02 PM      Profile for geno-r   Email geno-r   Send New Private Message      Edit/Delete Post  Reply With Quote 
Well desorid I disagre totally. Premier made money being Premier and that was being the Big Red Boat period. They got into trouble when they tried the classic ship routine. Dolphin ships still retained their charm(at least as far as I'm concerned). To me they provided at great cruise experience by providing, great service, very good food and very nicely maintained ships. By doing this I think they overcame the negatives of not having the most up todate equipment. If Premeir kept all their divisions serperated the demise or bad financial condition of one division would not have threatened the whole company. This is what Carnival does that is smart, they still operate each line seperatly but I'm sure behind the scenes there is great savings by buying things in bulk for ALL the lines ect.
Posts: 549 | From: Mt. Pocono,Pa. Usa | Registered: Nov 1999  |  IP: Logged
desirod7
First Class Passenger
Member # 1626

posted 11-26-2000 09:31 PM      Profile for desirod7     Send New Private Message      Edit/Delete Post  Reply With Quote 
Premier made money being Premier and that was being the Big Red Boat period.

---Big Red Boat got into trouble when Disney came out with their own ships and threw out Premier. How do you family cruise during the school year?----

If Premier kept all their divisions serperated the demise or bad financial condition of one division would not have threatened the whole company.

-----100% agreement, their financing was irresponsible-----

------Premier did NOT promote the Rembrandt properly. Cunard does quite well with the QE2 hype. Good marketing can sell a haircut to a hippie. Bad marketing can kill the best product. Look at Sony Betamax.

The Dolphin ships had been changed too much from their original interior design and ambiance.
They were not original 'greats' like RotterdamV,Canberra,SSUS,Rafaello/Michelangelo or France, but nice workaday ships. I don't deny that the *.*breeze were good cruise values, but RCCL and Carnival killed them on price and had the cash to squash them.-----


Posts: 5727 | From: Philadelphia, Pa [home of the SS United States] | Registered: Oct 2000  |  IP: Logged
gohaze
First Class Passenger
Member # 586

posted 11-27-2000 11:16 AM      Profile for gohaze   Email gohaze   Send New Private Message      Edit/Delete Post  Reply With Quote 
Hi..let's face it, you can buy an old ship very cheaply, tart it up in the places which passengers see, don't spend anything on maintenance and only patch things that go wrong. Then put your prices under the mainstream to attract people.
For a little while you can maybe even make a bit of money - to syphon off if you're smart, BUT, along comes something like a major repair with delays on delays etc. or that real bugbear for those old steam jobs - a major hike in fuel prices - and you're DEAD in the water, owing a lot of money.

All the sentiment and BS about antique glories of the past don't pay for these expensive to operate ships.
They could put a string of them together,including the Rembrandt, to save on costs of towing, and take them to Gadani Beach.
...peter


Posts: 1909 | From: Vancouver.BC | Registered: Sep 99  |  IP: Logged
desirod7
First Class Passenger
Member # 1626

posted 11-27-2000 04:58 PM      Profile for desirod7     Send New Private Message      Edit/Delete Post  Reply With Quote 
Peter-Gohaze,

You have very strong opinions on scrapping all tonnage pre 1970.

New ships have trouble too. The Carnival Destiny, PO Aurora, Monarch of the Seas have had serious breakdowns. Other Fincantieri newbuilds have had embarrasing breakdowns.
Disney magic was called Disney Tragic, due to teething problems. [Disney Wonder=Disney Blunder]

I DO NOT believe every ocean liner is worth saving. The Constitution and Britanis sunk on the way to the scrapyard. [saving the lives of about 5 hapless Paki's who get killed on the job per ship] The US Coast Guard pulled the Constitution out of service due to serious hull/structural problems. Britanis's hull and engines were worn out.

There is nothing special about the Dolphin ships, remaining wood and brass of the Regal Empress can be recycled/reused. Mauritania's 1st class lounge fittings are a Bristol hotel lobby. Same with Olympic, another Olympic lounge is now on the eyesore Millenium.

The QE2 after dieselisation [turbines were plagued from the start, Cunard refused delivery on first go-round] and Norway have had few mishaps.

As long as the hulls are sound, machinery can be replaced and updated:
Like an old house/building with new plumbing, elec, and heating system, they can be reliable.

Careful maintinence can prevent most problems.

There are a few postwar ocean liners of historic significance, and should be Queen Mary-ised when they are no longer operable.

Lets tear down the Empire State building, it is old and dated, so it is no good. London houses of Parliment: uses too much heating oil. Lets put up a glass box instead.


Posts: 5727 | From: Philadelphia, Pa [home of the SS United States] | Registered: Oct 2000  |  IP: Logged
gohaze
First Class Passenger
Member # 586

posted 11-27-2000 10:03 PM      Profile for gohaze   Email gohaze   Send New Private Message      Edit/Delete Post  Reply With Quote 
Yes, once the average ship has reached 30 it is time to go. In fact many of them go well before that. Saving just the hull of a ship that old and rebuilding it is not usually a viable thing..it's cheaper to start from new with modular construction. There is of course the odd case where it can be done, like the Marco Polo, but she has an ice-strengthened hull and good engines and the rebuild was worth doing.
My main problem with these old clunkers is from the safety angle. The required surveys are just not being done properly.
...peter

Posts: 1909 | From: Vancouver.BC | Registered: Sep 99  |  IP: Logged

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