Cruise Talk: NCL's Financial Condition

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»	Cruise Talk » Cruise Lines » NCL's Financial Condition

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Topic: NCL's Financial Condition

billee
First Class Passenger
Member # 1133

posted 11-01-2001 03:57 PM

Has anyone heard anything about Norwegian Cruise Line's current financial condition?

Posts: 159 | From: Baltimore, MD USA | Registered: Mar 2000 | IP: Logged

Jekyll
First Class Passenger
Member # 1878

posted 11-02-2001 11:52 AM

Given they are owned by Star Cruises who have more than a billion dollars in liquid assets (from I understand), I doubt finances w/ NCL need to be questioned.

They are definitely not the same position they were a few years ago.

Posts: 1524 | From: Nowhere | Registered: Mar 2001 | IP: Logged

barr xx
First Class Passenger
Member # 2537

posted 11-02-2001 01:34 PM

No more than I have heard about Carnival,Princess or Celeberity's financial condition.

Steve

Posts: 17 | From: No. California | Registered: Oct 2001 | IP: Logged

borntocruise
First Class Passenger
Member # 2531

posted 11-02-2001 02:18 PM

In planning our cruise this December, I had talked to our travel agent about a possible NCL cruise. They (the travel agency) had dropped NCL from its recommended cruise lines. This travel agency only deals in cruising.

Having heard that Carnival is literally debt free I don't think you can put NCL in the same league as far as financial security. Considering how much debt NCL is carrying.

[ 11-02-2001: Message edited by: borntocruise ]

Posts: 29 | From: Tacoma, WA | Registered: Oct 2001 | IP: Logged

yona
First Class Passenger
Member # 2394

posted 11-02-2001 02:25 PM

can anyone tell us about cunard?

Posts: 10 | From: israel | Registered: Sep 2001 | IP: Logged

Malcolm @ cruisepage
Cruise Director
Member # 301

posted 11-02-2001 05:26 PM

Hi Yona, I've heard rumours that Cunard were not doing so well, from a financial point of view, earlier in the year? The ageing QE2 may be slowly losing her popularity? However, the September the 11th tragedy has resulted in improved booking for the QE2's transatlantic crossings.

Cunard are of course now under the wing of the cruise giant Carnival, so I don't think they need to worry! Carnival obviously believe in the 'Cunard' brand enough to invest in the most expensive newbuild in history, the Queen Mary 2.

Posts: 19210 | From: Essex (Just Outside London) | Registered: A Long Time Ago! | IP: Logged

cruisemole
First Class Passenger
Member # 2459

posted 11-05-2001 04:29 AM

borntocruise - your agent is mistaken. NCL are owned by Star who in turn are part of some giant Malaysian gambling corporation. cash is not a problem.

Posts: 343 | From: dear ol'blighty | Registered: Sep 2001 | IP: Logged

borntocruise
First Class Passenger
Member # 2531

posted 11-05-2001 02:44 PM

cruisemole - apparently you misread my message.

1. The travel agency I used has dropped NCL as a preferred or recommended carrier.

2. Just because NCL have cash in hand does not make them a solid company. My remarks were concerning a previous post putting NCL's financial health in the same status as Carnival's financial health. Carnival has very little debt. While from what I have read in various magazines, newspapers and on-line sites, NCL has a very large debt. I made no judgement on their ability to handle the debt.

In my book, just because you have cash in hand but a large debt does not put you in the same league as a company that has cash on hand, little to no debt.

As most have observed the "BIG" three should be able to weather the current slump cause by 9-11-01 and the economic downturn.

[ 11-05-2001: Message edited by: borntocruise ]

Posts: 29 | From: Tacoma, WA | Registered: Oct 2001 | IP: Logged

origo
First Class Passenger
Member # 1852

posted 11-05-2001 05:06 PM

dear borntocruise.

FYI is S. Cruise ( wich owns NCL ) a bigger companie then P& O/Princess so to talk about the big three is defently wrong.

And, S. Cruises, owned by the Genting group is a really, really solid company.

Posts: 40 | From: Stockholm, Sweden | Registered: Mar 2001 | IP: Logged

borntocruise
First Class Passenger
Member # 2531

posted 11-05-2001 11:45 PM

to origo - you are right I should have said "BIG Four".

actually I had forgotten about Princess.

[ 11-05-2001: Message edited by: borntocruise ]

Posts: 29 | From: Tacoma, WA | Registered: Oct 2001 | IP: Logged

moodus2
First Class Passenger
Member # 2414

posted 11-06-2001 01:14 AM

star cruise line pays cash
for their ships. they have
little debt. that includes
ncl. carnival cruise line
will be finacing the 750
million $ QM2 along with
their other new builds of the
other cruise lines they own.

Posts: 473 | From: moodus,ct. | Registered: Sep 2001 | IP: Logged

cruisemole
First Class Passenger
Member # 2459

posted 11-06-2001 04:06 AM

..of course, if your agent has dropped NCL because they suck, then fair enough

Posts: 343 | From: dear ol'blighty | Registered: Sep 2001 | IP: Logged

gohaze
First Class Passenger
Member # 586

posted 11-06-2001 04:47 AM

Our TA is always complaining about the service she gets from NCL and would gladly drop them....I'd suggest that might be the reason rather than any financial concerns.
...peter

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

Malcolm @ cruisepage
Cruise Director
Member # 301

posted 11-06-2001 05:43 AM

Although NCL do not offer the finest cruise experiece afloat, they do have a large fleet and offer some good value cruises!

Their 'Freestyle' concept seems very popular with the new breed of passengers, if not with the traditionalists!

Posts: 19210 | From: Essex (Just Outside London) | Registered: A Long Time Ago! | IP: Logged

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