Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), has proposed a significant debt offering consisting of $1 billion in senior secured notes due 2027 and $600 million in senior unsecured notes due 2029. Additionally, it plans to sell $435 million in exchangeable senior notes due 2027. The proceeds will be used to redeem existing high-interest secured notes and pay down short-term debt. These offerings are aimed at institutional buyers and exempt from SEC registration, which may impact NCLH's financial health and liquidity.

Oceania Cruises announced chef Alexis Quaretti's appointment as Director of Culinary Programs and Development. Quaretti, a former senior executive chef, will oversee the development and introduction of new dining concepts to enhance the culinary experiences on its seven ships. With a career spanning prestigious restaurants and global culinary roles, Quaretti is expected to elevate the line’s reputation for fine cuisine by emphasizing seasonal, high-quality ingredients. Oceania Cruises is owned by Norwegian Cruise Line Holdings Ltd. (NCLH).

Norwegian Cruise Line Holdings (NYSE: NCLH) reported significant operational updates following challenges from the COVID-19 pandemic. By early 2022, 70% of its fleet was operational, with expectations to reach 85% capacity soon. Despite disruptions from the Omicron variant affecting bookings, cumulative reservations for the latter half of 2022 are aligned with 2019 levels, and pricing is above pre-pandemic rates. As of September 30, 2021, debt was $12.4 billion, with liquidity at $1.9 billion. The company anticipates a net loss for Q4 2021 but expects positive adjusted net income during H2 2022.

Norwegian Cruise Line Holdings (NYSE: NCLH) announced that its new terminal at PortMiami has become the first LEED® Gold New Construction v4.0 cruise terminal globally. This certification acknowledges its commitment to sustainable building practices and environmental responsibility. The terminal, dubbed the “Pearl of Miami”, opened in August 2021 and can accommodate up to 5,000 guests. Features include advanced energy performance, water efficiency, and local sourcing of materials. Plans for shore power capabilities by Fall 2023 further enhance its sustainability efforts.

Norwegian Cruise Line Holdings (NCLH) announced its three brands—Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises—will participate in the CDC's COVID-19 Program for Cruise Ships. This voluntary initiative aims to enhance health and safety protocols for cruise operations in U.S. waters, effective January 15, 2022. The company's commitment includes 100% vaccination for guests and crew, universal testing prior to embarkation, and ongoing health oversight from a council led by former FDA chief Dr. Scott Gottlieb.

Norwegian Cruise Line has announced the launch of its newest ship, Norwegian Viva, set to sail from June 2023. It will homeport in key Mediterranean cities, including Lisbon, Rome, Venice, and Athens, before moving to the Southern Caribbean in winter 2023-2024. The ship, measuring 965 feet and accommodating 3,219 guests, features spacious accommodations and a variety of recreational activities. Noteworthy environmental technologies will reduce its ecological footprint, supporting Norwegian’s commitment to sustainability.

Norwegian Cruise Line Holdings Ltd. (NCLH) has appointed Juan Kuryla as Senior Vice President of Port Development and Construction Management, effective January 17, 2022. Kuryla, formerly the Director and CEO of PortMiami, brings over 30 years of experience in the cruise industry. His role will involve leading the company’s Commercial Development, Construction, and Private Island Operations teams. CEO Frank Del Rio expressed confidence in Kuryla's strategic leadership skills and innovation, which will strengthen the company’s port operations.

Norwegian Cruise Line Holdings (NCLH) announced the completion of its $200 million investment in exhaust gas cleaning systems (EGCS) on its ships, improving their environmental footprint by significantly reducing emissions. The EGCS installations are now present on approximately 70% of the company's operational capacity, equipping 13 ships with advanced technology. The project was completed nearly two years ahead of schedule during the pandemic. The company aims to use a fuel mix of 50% heavy fuel oil (HFO) and 50% low-sulfur marine gas oil (MGO) in 2022.

Norwegian Cruise Line (NCL) launched a new two-part episode titled "Adventure Alaska" as part of its "EMBARK with NCL" series, showcasing Alaska as a prime travel destination. Now available on-demand, the episode follows NCL's team exploring the Inside Passage and local cultures. It highlights NCL's sustainable investments in Alaska, including a new pier and development projects in Ketchikan and Juneau. NCL offers five-to-16-day itineraries aboard various ships for summer 2022, featuring glacier tours and unique wilderness experiences.