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...Production lines are idle: they were last active in 2019, following an order by the South Korean government....
...Their shares are up 141 per cent and 161 per cent, respectively, while smaller rival Norwegian Cruise Line has gained 77 per cent....
...Share moves to note on the New York Stock Exchange include Norwegian Cruise Lines, Hess, and Constellation Energy....
...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....
...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....
...Management is forecasting that revenue will be in line with the prior year, but margins are showing positive signs....
...But some of the best-performing stocks of 2023 have been large cruise lines, now freighted with debt from pandemic shutdowns....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Norwegian Cruise Line upgraded its profit outlook after beating earnings expectations in its first quarter as travel demand remains strong amid higher prices....
...Hedge funds have lost more than $6bn this year betting against cruise lines and hotels after underestimating the resilience of US consumers....
...The Strinda tanker was hit by an anti-ship cruise missile while passing through the strait, US central command said on Tuesday....
...Carnival Cruise Line lifted its profit expectations for the fiscal year as higher prices and strong demand boosted earnings, but warned that the Baltimore bridge collapse would cause a $10mn hit to profits...
...Other companies: Constellation Energy, JM Smucker, Norwegian Cruise and Macy’s report earnings before the bell. Cava, eBay and Bumble will report after the bell....
...But it is also the front line in what is potentially a much larger conflict....
...For her portrait of the 2017 CIA interview and arrest of whistleblower Reality Winner, director Tina Satter took every line direct from the official transcript....
...Carnival: Carnival Cruise Line will report earnings before the bell and is expected to report an increase in revenue on strong bookings....
...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....
...This year, 31.5mn passengers globally will take a cruise, rebounding above 2019 demand levels for the first time since the pandemic struck, according to projections by the Cruise Lines International Association...
...Rivals Norwegian Cruise Line and Royal Caribbean are also benefiting, as more holidaymakers return to the sea as the pandemic fades....
..., in line with its “asset-light” strategy, three people said....
...The two lines, bent towards each other like lovers, came out straight and clear....
...Soon we were itching to leave, so the morning we cast our lines off the dock and headed out of Las Palmas I felt a sense of relief — this was finally it....
...Tooling around Broome a few days before, I’d been worried that this four-day, five-night trip would be more cruise than adventure....
...The uplift in British aid brings it broadly in line with France, which has pledged €3bn in military aid this year....
...Russian forces fired 64 cruise missiles, ballistic missiles and attack drones at targets around the country, with 44 of them shot down by air defence, Ukraine’s air force command said....
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