Oceania
MARKETS: Cruise Woes Continue, Full Recovery Unlikely before 2023 says MSI
MSI analysis finds ‘big three’ cruise companies could have less than 50% of capacity back in service by year end but a recovery to pre-pandemic levels is unlikely before 2023A new report from MSI says that a restart to full operations can’t come soon enough for cruise lines, whose financial position has become increasingly precarious given high debt levels incurred from fleet expansions and the fundraising required to survive the COVID crisis.The latest cruise market report from Maritime Strategies International (MSI) finds that net revenue losses for the ‘big three’ lines (Carnival…
Yacht Builder Riviera Adds New Self-propelled Hydraulic Transporter
The recent delivery of a Marine Travelift TM100 (1,000 kg – 220,00 lbs) Self-Propelled Hydraulic Transporter to Riviera, the largest luxury yacht builder in the Southern Hemisphere, is the latest high-technology enhancement for their $10 million facility expansion to meet growing demand.Riviera is located on more than 40 acres in The Gold Coast (Coomera, QLD, Austrailia), where they are currently operating a 75BFMII and a 50BFM on site. The TM100 Transporter is the next step in…
Recreational Boats Market to Reach $33.6B
The global recreational boats market is estimated to grow from $26.7 billion in 2019 and projected to reach $33.6B in 2027, at a CAGR of 3.02%.According to Research And Markets report, Asia Oceania is the largest market for recreational boats, followed by North America.Chinese economic growth is stable and transition to the service led economy is supporting the rising income of the people and hence the Chinese boating segment has promising growth in the future.Other Asian countries such as Japan, Korea, and India are showcasing promising growth for the years 2017-2018 and will continue till 2027.
Nimbus T11 Makes World Premiere at Boot
Nimbus Debuts the New Nimbus T11 at Boot, Düsseldorf.The T11 is Nimbus’ vision of the perfect day boat with the ambition of perfecting easy living at sea while providing a social playground for friends and families. In short, that means a large lounge area with adjustable seating arrangements, multiple sun-beds, outdoor cuisine, gyro stabilization, XXL stowage for gear and toys and an impressive amount of deck space which provides an overwhelming freedom of movement. Packaged…
Banana Coast to Welcome First Mega Cruise Ship
Banana Coast, the newest cruise port in the western Caribbean, is preparing to host its first mega cruise ship call at the deep-water Bay of Trujillo, Honduras. Norwegian Cruise Line's 2,376-passenger Norwegian Jewel is scheduled to arrive Oct. 15, 2014, launching the port's inaugural cruise season with the first of 29 calls. The port is planning a ribbon-cutting ceremony that is slated to include government and community leaders from around the region. Invitees include Honduran President Juan Orlando Hernández; Vice President Ricardo Alvarez…
