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ExplainerWar in Ukraine
Why Germany’s Taurus is Europe’s most-wanted long-range missile
...Production lines are idle: they were last active in 2019, following an order by the South Korean government....
March 15, 2024
Shipping
Cruise liner supplier halts sales of deficient fire-resistant panels
...The Cruise Lines International Association, whose members are responsible for 95 per cent of the world’s ocean-going cruise capacity, said that operators “remain vigilant in monitoring of safety systems...
July 21, 2023
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Shipping
Luxury cruise liner’s launch delayed as dozens of ships face potential safety hazard
...Globally, there are fewer than 300 cruise ships in operation, according to the Cruise Lines International Association, an industry body which represents 95 per cent of the world’s ocean-going cruise capacity...
July 7, 2023
US equities
CEOs extol benefits of AI on earnings calls but not in official filings
...Several tourism-related businesses such as Marriott and Norwegian Cruise Line said they are working on AI-powered systems to make processes like reservation booking more efficient and personalised....
August 22, 2023
LexCarnival PLC
Carnival: plain sailing for cruise operators
...Their shares are up 141 per cent and 161 per cent, respectively, while smaller rival Norwegian Cruise Line has gained 77 per cent....
December 22, 2023
Live news: UK alcohol-related deaths up one-third on pre-pandemic levels, ONS data shows
Viking Holdings looks to raise up to $1.1bn in IPO
...The Bermuda-based cruise line operator said the company and selling shareholders would list 44mn shares priced between $21 and $25. The company will be listed under the ticker symbol VIK....
April 22, 2024
FT Live
Financial Advice Forum
Optimising client centric advice in uncertain times
Tuesday, 24 September8-14 Cooper's Row, London EC3N 2BQ, UK
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
Risers and fallers in the US
...Share moves to note on the New York Stock Exchange include Norwegian Cruise Lines, Hess, and Constellation Energy....
February 27, 2024
LexTravel & leisure industry
Cruise lines: operating leverage plus financial leverage powers ocean-goers Premium content
...The likes of Carnival, Royal Caribbean and Norwegian were at risk of running aground in 2020. A lacklustre recovery followed in 2021 and 2022....
July 10, 2023
Hedge funds
Hedge funds lose $6bn betting against cruise lines and hotels
...Carnival, Royal Caribbean and smaller rival Norwegian accounted for $2.9bn of the losses....
August 4, 2023
News updates from September 29: BP’s top US executive to leave, Eurozone inflation falls
Carnival Cruise shares sink on warning of $125mn hit from higher fuel costs
...Carnival shares fell more than 7 per cent during lunchtime trading in New York, while rival Norwegian Cruise Line dropped 3 per cent, making them the two worst performers in the S&P 500 on Friday....
September 29, 2023
Travel & leisure industry
China’s first homegrown cruise ship sails from Shanghai
...In 2019, some 2mn Chinese tourists took a cruise, compared with 14mn people from the US, according to the Cruise Lines International Association, an industry trade body....
January 1, 2024
US live news updates from May 1: JPMorgan to acquire First Republic’s deposits, Morgan Stanley to cut 3,000 jobs
Norwegian Cruise Line boosts profit outlook on strong travel demand
...Norwegian Cruise Line upgraded its profit outlook after beating earnings expectations in its first quarter as travel demand remains strong amid higher prices....
May 1, 2023
Live news updates from June 30: US Supreme Court strikes down Biden’s student loan relief plan, French riots plunge Macron into crisis
Carnival notches record monthly gain as cruise operators rally in June
...Rivals Norwegian Cruise Line and Royal Caribbean are also benefiting, as more holidaymakers return to the sea as the pandemic fades....
June 30, 2023
ReviewDance
The Nutcracker, Royal Ballet review — Fumi Kaneko sets the seasonal bar high
...Norwegian soloist Lukas B Brændsrød, with his long, muscular lines and unsparing attack, was instantly recognisable even in full Mouse King drag....
December 7, 2023
OpenAI
Is ChatGPT good at day trading? Probably not
...Its sells were Halliburton, Norwegian Cruise Line, Royal Caribbean, United Airlines and Macy’s. How does any of that work? Dunno. There’s no way of asking....
March 28, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
HTSI
The elegant languor of Lamu
...The high tide line perfectly frames the 14km strand beyond the Swahili fishing village – rediscovered during the pandemic as a chic, and safe, enclave....
April 19, 2024
Chess
Magnus Carlsen wins another two world championships
...Magnus Carlsen won another two world championships last week when the Norwegian, 33, again confirmed his status as the outstanding player of his generation....
January 2, 2024
War in Ukraine
European capitals seek $1.5bn in fallback plan to arm Ukraine
...Russia is able to make 2.5mn shells a year, according to the Royal United Services Institute think-tank. Ukrainian officials say the figure is 4mn including refurbished munitions....
February 23, 2024
Corporate bonds
US companies shy away from debt markets as Treasury rout drives up costs
...Civitas Resources and Norwegian Cruise Line Holdings are among the speculative-grade borrowers to have issued bonds this month....
October 25, 2023
News in-depthPolitical espionage
Europe kicked out Putin’s spies. Now they’re back
...Russia has aggressively relaunched its spy war with the west, and Moscow’s publication of a phone call in which senior German air force officers discussed sending cruise missiles to Ukraine is only the latest...
March 6, 2024
Lex PopuliInvestments
Investors should seek smarts on sums of the parts
...The likes of Carnival, Royal Caribbean and Norwegian were at risk of running aground in 2020. A lacklustre recovery followed in 2021 and 2022....
July 14, 2023
FT CollectionsWar in Ukraine: military strategies
Military briefing: the advance of Ukraine’s ‘mosquito navy’
...“The maintenance infrastructure in Sevastopol is the critical vulnerability of the Black Sea Fleet,” said Thord Are Iversen, a former Royal Norwegian Navy officer who closely follows the conflict....
October 9, 2023
Transcript
Transcript: The Unhedged Awards
...Robert ArmstrongThe number three and four best-performing stocks in the S&P 500 with total returns of 144 and 125 per cent, respectively, are Royal Caribbean Cruises and Carnival Cruise Lines....
December 21, 2023
Live news updates from May 4: ECB raises rates 25bps, Apple reports weaker revenue
Royal Caribbean and TripAdvisor upbeat on summer travel trends
...Jason Liberty, Royal Caribbean’s chief executive, told analysts on Thursday that demand for the coming nine months “is so much stronger than our already robust expectations”, as the cruise line operator...
May 4, 2023
News in-depthUkraine military briefing
Military briefing: Russia hunts Ukraine’s western missile stocks
...Ukrainian officials said 28 cruise missiles were fired on Tuesday alone, 16 of which were intercepted....
August 17, 2023

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