The Ruby Princess cruise ship is seen from Kurnell National Park in Sydney, on Thursday. There are more than 450 Covid-19 infections linked to cruise ships, including 340 cases from the Ruby Princess and 74 from the Ovation of the Seas. Photo: AAP Image
The Ruby Princess cruise ship is seen from Kurnell National Park in Sydney, on Thursday. There are more than 450 Covid-19 infections linked to cruise ships, including 340 cases from the Ruby Princess and 74 from the Ovation of the Seas. Photo: AAP Image

Global cruise ship fleets lose US$4 billion in value as coronavirus pandemic idles industry, halving the number of vessels at sea

  • A total of 483 vessels were collectively valued at just over US$167 billion in the first quarter, according to a report by VesselsValue
  • Vessels that are currently being built are depreciating in value even before they hit the water

The Ruby Princess cruise ship is seen from Kurnell National Park in Sydney, on Thursday. There are more than 450 Covid-19 infections linked to cruise ships, including 340 cases from the Ruby Princess and 74 from the Ovation of the Seas. Photo: AAP Image
The Ruby Princess cruise ship is seen from Kurnell National Park in Sydney, on Thursday. There are more than 450 Covid-19 infections linked to cruise ships, including 340 cases from the Ruby Princess and 74 from the Ovation of the Seas. Photo: AAP Image
READ FULL ARTICLE