Cunard Take to New York
January 14, 2008 by Steve ·
Thousands of people lined the shores of New York harbour to witness a celebratory procession of three of the most famous cruise liners in the world, Cunard’s Queen Mary 2, QE2 and the new girl on the block, Queen Victoria.
The procession began with a whistle salute from each liner as they set off on their respective voyages illuminated by a resplendent firework display befitting their Royal status. It was the first time in the Cunard line’s 168 year history that three ‘Queens’ have been in service simultaneously.
The festivities were arranged to welcome Queen Victoria to the fleet following her launch in Southampton on 10 December 2007 which was undertaken by HRH The Duchess of Cornwall.
Queen Victoria will now embark on her maiden world cruise stopping in 37 ports in 23 countries on the 105-day journey. QE2 will also depart on what Cunard says will be her 26th and last world cruise.
Apollo Buy Share of NCL
January 8, 2008 by Steve ·
Private equity group, Apollo Management, have paid $1 billion dollars to NCL for a 50% stake in the cruise line. NCL have stated that the money will be used to implement a series of enhancements to their fleet known as Freestyle 2.0.
Outside investment in NCL seemed inevitable as they try to compete in what is a very competitive market with the likes of the Carnival Corporation and Royal Caribbean. The first of two $1.1 billion F3 prototypes is due in 2009 which adds to the considerable spending NCL has undertaken in the last few years.
The original sole shareholder, Star Cruises, has retained the other 50% share in the company.
