Norwegian Cruise Line | South China Morning Post
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  • Jan 30, 2015
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Norwegian Cruise Line

Star Cruises charts 40pc capacity increase

Star Cruises, the biggest cruise line operator in Asia, plans to expand passenger capacity by more than 40 per cent in the region by 2010 with a focus on Greater China, after selling half of its stake in the North America unit, according to a senior executive.

Monday, 20 August, 2007, 12:00am

Star Cruises net loss for quarter doubles on increasing costs

Star Cruises, Asia's largest cruise line, said its net loss more than doubled in the first quarter to US$79.4 million, from US$35 million a year earlier, on rising costs.

Despite a 10 per cent rise in turnover to US$564.9 million, operating profit during the first three months swung to a loss of US$10.1 million, from a gain of US$15.1 million a year earlier.

16 May 2007 - 12:00am

Net loss grows at cruise line

Star Cruises, the world's third-largest cruise operator, said fourth-quarter net loss widened by almost six times because of an impairment loss and higher interest payment.

Net loss was US$147.6 million for the quarter to December from US$25.7 million a year ago despite a 6.1 per cent increase in turnover to US$547 million.

23 Feb 2007 - 12:00am

Star Cruises rating downgraded after orders for new ships

Moody's cites firm's weak earnings and financial profile after it buys two new vessels for HK$14.7b with option for a third

9 Sep 2006 - 12:00am

Star Cruises dives to US$68.9m loss

Firm's revenue grows 21pc but takes a hit on fuel costs and accounting losses

Star Cruises, the world's third-largest cruise liner behind Carnival and Royal Caribbean, dived to a loss in the first half despite a 21 per cent revenue growth, as income was eroded by soaring fuel costs and accounting losses related to its debt and investment.

16 Aug 2006 - 12:00am

Star Cruises charts sharp gains

Hong Kong-listed Star Cruises, the world's fourth-largest cruise operator, navigated the choppy waters following the September 11 terrorist attacks to post a sharp rise in net profit to US$22.96 million for the first half.

19 Aug 2002 - 12:00am

NCL denies reports of sale

Norwegian cruise line NCL Holding has denied reports in Oslo that the company is up for sale.

Officials said: 'NCL is not for sale. The management believes that the company has substantial potential.' NCL said that following strong growth from projects launched last year, the company was capable of standing alone with no need for capital, either debt financing or equity.

2 Feb 1998 - 12:00am

Cruise line raises $563m

Norwegian cruise shipping group NCL Holding says it has completed a 540 million krone (about HK$563 million) rights issue.

The company said all planned projects had been launched and financed.

'This will result in a capacity increase of more than 6,000 passengers when the projects have been completed,' NCL said.

7 Jan 1998 - 12:00am

Cruises to run from Houston

Norwegian Cruise Line is to offer year-round cruises from the Port of Houston. The seven-day trips on the Norwegian Star will travel to the western Caribbean, calling at Cozumel and Calica in Mexico and Roatan in the Bay Islands, Honduras.

20 Jan 1997 - 12:00am