In pictures: How coronavirus is sending cruise ships to an early grave

These are no rust-buckets or clunkers from another era. Cut down in their prime, the relics of five former glistening ships make a pitiful sight in their final port of call.

The death throes are heartbreaking. In the wheelhouse, frantic commands are hollered in polyglot tongues as the man at the helm points the bow towards a narrow channel at the Aliaga ship breakers yard. The ships are driven at five knots – about 5 miles per hour – onto the beach where they shudder to a halt, their steel frames groaning and grinding in futile protest. The engines are shut down and the anchor is dropped to make the ship steadfast in its last resting place.

Cruise ships normally have a lifespan of 40 years, but as the pandemic engulfed the globe, the cruise industry became paralysed. Putting a whole new meaning to “throwaway culture”, ships still in

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Cruise Line Stocks Sail Lower

Cruise line stocks sank Tuesday after Royal Caribbean Group (RCL) said that it plans to raise additional capital to shore up its liquidity throughout the ongoing coronavirus pandemic that has crippled the industry since March. The capital raising entails $500 million in senior convertible notes and a $500 million share offering with a greenshoe option for both, putting downward pressure on the stock by diluting shareholders.

Key Takeaways

  • Royal Caribbean plans to raise $1 billion through debt and equity to shore up liquidity throughout the ongoing pandemic.
  • Royal Caribbean shares broke down on heavy volume below an uptrend line stretching back to the March selloff low.
  • Carnival Corporation & Plc (CCL) shares broke below a rising wedge pattern on decent volume, indicating downside continuation in the short to medium term.

Although a no-sail order by the Centers for Disease Control and Prevention (CDC) expires on Oct. 31, the cruise industry’s

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River cruise lines forging ahead with Christmas market voyages

Christmas celebrations may end up being rather different this year, with the potential of tough restrictions on how many can gather, and where we can travel, but river cruise fans can still get into the festive spirit amid Covid-19.

For while the situation with ocean cruising remains largely uncertain – the US Centers for Disease Control and Prevention opted to extend its ‘no sail’ order through October 31 while Canada, the Cayman Islands, Australia, New Zealand, Spain and the Seychelles all have cruise bans in place until the end of the year – river cruise lines have been quietly making their comeback.

German river cruise company, A-Rosa, successfully resumed cruises on the Douro, the Danube, the Rhine and the Rhone over the summer, as did Amadeus and Strasbourg-based CroisiEurope. And all three outfits are offering Christmas markets cruises to British passengers – even with quarantine requirements on the arrival

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It’s too early to be speculating in the cruise stocks

CNBC’s Jim Cramer advised investors Tuesday to hold off on buying shares of cruise line operators, citing the continued uncertainty during the coronavirus pandemic.

“It’s still too soon to speculate in the cruise stocks. Their domestic ships won’t start sailing again until December at the earliest, and I think there’s a good chance that gets postponed again,” the “Mad Money” host said.

“If you really want cruise exposure, I say be patient, because days like today make me think you’ll get better buying opportunities,” added Cramer, following a Tuesday trading session in which the three major operators all saw their stocks get hammered.

Driving the sell-off was news that Royal Caribbean was raising fresh capital, Cramer said. The company announced it was issuing $500 million worth of stock in a secondary offering and $500 million in senior convertible notes.

Royal Caribbean’s stock in turn fell 13.2% during Tuesday’s session, closing

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Cruise stocks lead S&P 500’s losers after Royal Caribbean’s $1 billion in stock, debt offerings


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Shares of cruise companies took a beating Tuesday, with Royal Caribbean Group hit the hardest after announcing a total of $1 billion worth of public stock and private convertible debt offerings, and providing a bookings update.

Royal Caribbean’s stock
RCL
dove 13.2% in afternoon trading, to pace all of the S&P 500 index’s
SPX
decliners. The stock is on track for the biggest one-day decline since it tumbled 14.3% on June 11.

Trading volume jumped to 14.8 million shares, or more than double the full-day average of about 6.2 million shares, according to FactSet.

The stock’s selloff also weighed on Royal Caribbean’s peers, as shares of Norwegian Cruise Line Holdings Ltd.
NCLH
dropped 7.3% to be the second-biggest S&P 500 loser, and Carnival Corp.
CCL
slid 7.2% to be the third-biggest decliner.

Royal Caribbean said before the open that it had commenced a public offering of $500 million

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Why Royal Caribbean, Carnival, and Norwegian Cruise Line Stocks Plunged Today

What happened

Shares of Royal Caribbean (NYSE:RCL) sank on Tuesday after the cruise ship company said it was seeking to raise another $1 billion to fund its operations during the coronavirus pandemic. Fellow cruise ship operators Carnival (NYSE:CCL) (NYSE:CUK) and Norwegian Cruise Line Holdings (NASDAQ:NCLH) also fell on the news.

As of 10:40 a.m. EDT, Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings were down 10%, 6%, and 6%, respectively.

So what

With most of its fleet unable to leave port due to COVID-related sailing restrictions, Royal Caribbean has suffered heavy losses during the coronavirus crisis. In just the first six months of 2020, it generated a net loss of $3.1 billion. 

Unfortunately, those losses are set to grow even larger in the coming months. Royal Caribbean said that while it hopes to resume voyages by Dec. 1, it could “provide no assurance” that it will be able to restart

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With Kearney still hotspot for COVID-19, Two Rivers urges ‘vigilant’ mask-usage, other precautions during Cruise Nite | Local News

KEARNEY — Two Rivers Public Health approved the event plan for Kearney Cruise Nite Week, and is hoping everyone has a wonderful but safe time during the event this week. While the activities do take place outdoors, there still are some safety recommendations Two Rivers would like to pass along to people who plan to attend.



Jeremy Eschliman

Jeremy Eschliman


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A press release from Two Rivers last week indicated that the Kearney area has been identified as a local hot spot. Jeremy Eschliman, Two Rivers’ health director, said there are concerning levels of activity taking place in the Kearney area regarding the virus and its spread, so he urges caution to prevent any further spread in the community.

“With the activities taking place in open areas, this affords a much better opportunity for social distancing,” he said.

Vigilant mask usage and proper

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Cruise stocks lead S&P 500’s losers after Royal Caribbean’s $1 billion in stock, debt offerings


Getty Images

Shares of cruise companies took a beating Tuesday, with Royal Caribbean Group hit the hardest after announcing a total of $1 billion worth of public stock and private convertible debt offerings, and providing a bookings update.

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Royal Caribbean’s stock (RCL) dove 11.1% in midday trading, to pace all of the S&P 500 index’s (SPX) decliners. The stock is on track for the biggest one-day decline since it tumbled 11.3% on June 24.

Trading volume jumped to 9.8 million shares, already more than the full-day average of about 6.2 million shares, according to FactSet.

The stock’s selloff also weighed on Royal Caribbean’s peers, as shares of Norwegian Cruise Line Holdings Ltd. (NCLH) dropped 7.4% to be the second-biggest S&P 500 loser, and Carnival Corp. (CCL) slid 6.9% to be the third-biggest decliner.

Royal Caribbean said before the open that it had commenced a public offering of

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Plan ahead with these seasonal cruise getaways

Travel restrictions across the globe and constant changes to the UK’s safe travel list have quashed most people’s hopes of a 2020 Christmas cruise … but it’s a great time to pre-plan for 2021.

There are multiple festive holiday cruises to consider, but here are top picks recommended by Iglu Cruise and Planet Cruise.

Christmas Markets of Europe, Emerald Waterways, departs December 1, 2021

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This 14-night cruise through Europe begins with an overnight stay in Budapest and a day exploring the ancient Castle district. Then guests set sail for Bratislava, to browse and buy handcrafted festive ornaments and warm up with traditional Slovakian spiced wine.

In Vienna there is an exclusive tour of Ringstrasse, dotted with decorations and markets bursting with baked goods and hot chocolate. Then it’s on to the quaint German town of Rudesheim,

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Cruise Ship Stocks Sink as Royal Caribbean Plans to Raise Capital

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A Celebrity Infinity Cruise ship, owned by Royal Caribbean Group, in Miami.


Joe Raedle/Getty Images


Royal Caribbean Group

unveiled plans Tuesday to raise $1 billion in new capital, the latest effort by a cruise operator to shore up liquidity as business remains sharply curtailed by the pandemic.

Royal Caribbean (ticker: RCL) said it has launched a private offering of $500 million in senior convertible notes due 2023, with a purchaser option to buy an additional $75 million of the convertible notes. It has also launched a public offering of $500 million shares of common stock, with an underwriter option to buy $75 million in additional shares.

Shares of all three major U.S. cruise operators were lower after the news. Royal Caribbean was down 10.9%, at $62.19, in recent trading, while rival

Carnival

(CCL) was off 6.5%, at $14.22, and

Norwegian Cruise Line Holdings

(NCLH) was down 6.9%, at

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