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Cruise Lines
A cruise line is a company that operates cruise ships and markets cruises to the public. Cruise lines are distinct from passenger lines which are primarily concerned with transportation of their passengers. Cruise lines have a dual character; they are partly in the transportation business, and partly in the leisure entertainment business, a duality that carries down into the ships themselves, which have both a crew headed by the ship's captain, and a hospitality staff headed by the equivalent of a hotel manager. Because of mergers and consolidations, a cruise line may also be a brand of a larger holding corporation. For example, as noted below, Carnival Cruise Line and Holland America Line are cruise lines within the larger parent corporation Carnival Corporation & plc. This industry practice of using the brand, not the larger parent corporation, as the cruise line is also followed in the member cruise lines in Cruise Lines International Association (CLIA); the listing of cruise ...
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Cruise Line
A cruise line is a company that operates cruise ships that operate on ocean or rivers and which markets cruises to the public. Cruise lines are distinct from passenger lines which are primarily concerned with transportation of passengers. Though cruise packages provided by cruise lines vary, there are some features most have in common, such as accommodation, all meals and entertainment. They may include alcohol and shore excursions, sometimes on additional payment. Among cruise lines, some are direct descendants of the traditional passenger lines, while others were founded since the 1960s specifically for cruising. The business has been extremely volatile; the ships are massive capital expenditures with very high operating costs, and a slight dip in bookings can easily put a company out of business. Cruise lines frequently sell, renovate, or simply rename their ships just to keep up with travel trends. A wave of failures and consolidations in the 1990s has led to many companies b ...
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Royal Caribbean International
Royal Caribbean International (RCI), also formerly known as Royal Caribbean Cruise Line (RCCL), is a cruise line brand founded in 1968 in Norway and organised as a wholly owned subsidiary of Royal Caribbean Group since 1997. Based in Miami, Florida, United States, it is the largest cruise line by revenue and second largest by passengers counts. In 2018, Royal Caribbean International controlled 19.2% of the worldwide cruise market by passengers and 14.0% by revenue. It operates the five largest passenger ships in the world. As of January 2022, the line operates twenty-six ships and has four additional ships on order. History Royal Caribbean Cruise Line was founded in 1968 by three Norwegian shipping companies: Anders Wilhelmsen & Company, I.M. Skaugen & Company, and Gotaas Larsen. The newly created line put its first ship, '' Song of Norway'', into service two years later. A year later, the line added '' Nordic Prince'' to the fleet and in 1972 it added '' Sun Viking''. In ...
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Dream Cruises
Genting Hong Kong Limited ( zh, 雲頂香港有限公司) was a holding company that operated cruise and resort businesses. It was headquartered in (海洋中心), Tsim Sha Tsui, Hong Kong and listed on the Hong Kong Stock Exchange (). It was part of the Genting Group, whose chairman Lim Kok Thay was also the chairman and majority shareholder of Genting Hong Kong with 69% ownership of April 2020. It also owned the cruise lines Crystal Cruises, Dream Cruises and Star Cruises (collectively Genting Cruise Lines), Resorts World Manila, and the MV Werften and Lloyd Werft shipyards. On 19 January 2022, the company filed for bankruptcy in the Bermuda Islands. After reviewing it's financial conditions, the company filed for liquidation on 18 January 2022. The motion for liquidation was approved by Bermuda's Supreme Court on 7 October 2022. History Genting Hong Kong was originally a subsidiary of Genting Group with a 17.8% stake owned by Genting Berhad. In 10 November 1993, Genting ...
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Hapag-Lloyd Cruises
Hapag-Lloyd AG is a German international shipping and container transportation company. Hapag-Lloyd was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and North German Lloyd. History The company was formed on September 1, 1970, by the merger of two German transportation/maritime companies, Hamburg-American Line (HAPAG), which dated from 1847, and Norddeutscher Lloyd (NDL) or North German Lloyd (NGL), which was formed in 1857. Since its formation, Hapag-Lloyd has seen changes among its shareholders and has also undergone a number of mergers with other companies. For instance, Hapag-Lloyd was completely acquired by, and became a subsidiary of TUI AG (Hanover) in 1998. This transition was followed by TUI selling a majority stake of Hapag-Lloyd to private investors in Hamburg in 2009 and further sales in 2012. Other important events in the company's history include Hapag-Lloyd's acquisition of CP Ships in 2005 as well as Hapag-Lloyd's merger with the containe ...
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Marella Cruises
Marella Cruises (formerly Thomson Cruises) is a British cruise line operated by TUI UK, offering cruise holidays around Europe, the Caribbean, and Asia. History The company had initially entered the cruise market in 1973, but due to rising fuel costs the venture was terminated in 1976. In 1995, Thomson restarted their cruise line after their competitor Airtours had made a successful entry in the cruise business under their Sun Cruises brand. On 9 October 2017, TUI Group announced that Thomson Cruises would be rebranded in late October 2017 as Marella Cruises, with all of the existing Thomson fleet adopting the name change either from Thomson or TUI to Marella (except Thomson Spirit which will be renamed ''Spirit'' and Thomson Majesty which will be transferred to Celestyal Cruises). The line also announced that it would base TUI Discovery in Asia for the Winter season of 2018, with the ship being based out of Malaysia, the first in the line's history. In 2012, Marella Cruises ...
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TUI Cruises
TUI Cruises is a cruise line based in Germany. It was formed in 2007 as a joint venture between the German tourism company TUI AG and the American cruise line operator Royal Caribbean Cruises Ltd., both of whom hold a 50% stake in the company. The company started operations in 2009 and competes with AIDA Cruises for the German market. It targets German-speaking customers who opt for a premium cruise experience. The onboard product, including food, entertainment and amenities, is custom-tailored for German tastes and German is the main language used onboard its ships. In February 2020 TUI announced the purchase of Hapag-Lloyd Kreuzfahrten. The take over was completed in July 2020. Fleet Current fleet Due to lack of new-building capacity, TUI Cruises started by acquiring the cruise ship ''Celebrity Galaxy'', which was built by Meyer Werft and was owned by another RCCL subsidiary, Celebrity Cruises. She left the Celebrity fleet on 16 March 2009. After acquiring ''Celebrity G ...
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Mediterranean Shipping Company
Mediterranean Shipping Company S.A. (MSC) is an international shipping line founded by Gianluigi Aponte in Italy in 1970, with headquarters in Switzerland since 1978. The privately held company is owned by the Aponte family. It has been the largest container shipping line since the start of 2022, after overtaking fellow 2M Alliance member Maersk. The company operates in all major ports of the world. As of 2021, MSC operates 570 container vessels with an intake capacity of . It has a division called MSC Cruises that focuses on holiday cruises. It also has several subsidiaries running freight trains in Italy, Spain, Portugal, and since 2022 in Belgium, all under the name "Medway". Overview As one of the world's leading container shipping lines with headquarters in Geneva, Switzerland, MSC operates 524 offices in 155 countries with over 100,000 employees. MSC's shipping line sails on more than 215 trade routes, calling at over 500 ports. MSC operates vessels with a capacity of ...
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MSC Cruises
MSC Cruises ( it, MSC Crociere) is an Italian global cruise line registered in Switzerland and based in Geneva, with operations offices in Naples, Genoa and Venice. It was founded in 1989 in Naples, Italy, as part of the Mediterranean Shipping Company (MSC). In addition to being the world's largest privately held cruise company, employing about 23,500 people worldwide and with offices in 45 countries , MSC Cruises is the third-largest cruise company in the world, after Carnival Corporation & plc and Royal Caribbean Group, with a 10.2% share of all passengers carried in 2021. History Lauro Lines Lauro Lines () was founded in Naples, Italy by Achille Lauro in 1960. The company entered the cruise business operating two ships, and . ''Angelina Lauro'' burnt in the port of St. Thomas, United States Virgin Islands in 1979 and ''Achille Lauro'' was hijacked by members of the Palestine Liberation Front in 1985 which put the company in financial difficulties. MSC Cruises In 1 ...
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Regent Seven Seas Cruises
Regent Seven Seas Cruises (RSSC), formerly known as Radisson Seven Seas Cruises, is a luxury cruise line headquartered in Miami, Florida. Since September 2014, Regent Seven Seas Cruises has been a wholly owned subsidiary owned of Norwegian Cruise Line Holdings, which also owns Norwegian Cruise Line and Oceania Cruises. Ownership Apollo Management, an investment group, purchased Regent Seven Seas Cruises from Carlson Companies. for $1 billion in February 2008. Apollo Investments also owned Oceania Cruises and 15.8% of Norwegian Cruise Line. Carlson retained ownership of the master Regent brand, along with the operations of Regent Hotels & Resorts around the world. Following the purchase, Apollo made public their plans to order a new ship for Regent. The new ship was planned to be of similar dimensions and capacity as the '' Seven Seas Voyager'' and '' Seven Seas Mariner'', but with larger accommodations and expanded public spaces. This was to be the '' Seven Seas Explorer''. ...
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Oceania Cruises
Oceania Cruises is a cruise line based in Miami, Florida, that operates six cruise ships on worldwide itineraries. It typically offers cruises that last between 10 and 14 days, but is also known for its long cruises lasting up to 195 days. The line's President and CEO is Bob Binder; he is vice-chairman and also a co-founder of the brand. Since September 2014, Oceania Cruises has been a wholly owned subsidiary of Norwegian Cruise Line Holdings, which also owns Norwegian Cruise Line and Regent Seven Seas Cruises. History Oceania Cruises was founded in 2002. The company chartered the former Renaissance Cruises ship ''R Two'' from Cruiseinvest and renamed her ''Insignia'' in October 2002. at ''Fakta om Fartyg'' , retrieved 25. 6. 2007 In April 2003 the ''Insignia'' was chartered to the French travel agency TRM for three months, during which Oceania Cruises operated no vessels. On 15 June 2003 Oceania Cruises re-commenced service with two ships: ''Insignia'' was renamed ''Regatt ...
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Norwegian Cruise Line
Norwegian Cruise Line (NCL), also known in short as Norwegian, is an American cruise line founded in 1966, incorporated in Bermuda and headquartered in Miami. It is the fourth-largest cruise line in the world by passengers, controlling about 8.6% of the total worldwide share of the cruise market by passengers . It is wholly owned by parent company Norwegian Cruise Line Holdings. History The cruise line was founded in 1966 by Norwegian Knut Kloster and Israeli Ted Arison, with the 8,666-ton, 140-m long cruise ship/car ferry, , which in 1966 operated as a car ferry between Southampton UK and Gibraltar, for that one short season only. The ''Sunward'' was first managed under the Arison Shipping Company, and marketed as Ensign Cruises. Arison soon left to form Carnival Cruise Lines, while Kloster acquired additional ships for Caribbean service, with the line renamed and marketed as Norwegian Caribbean Line. Norwegian Caribbean Line Norwegian pioneered many firsts in the cru ...
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Sycamore Partners
Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital. History Founding Sycamore Partners was founded in 2011 by Stefan Kaluzny and Peter Morrow. Before Sycamore, Kaluzny was a Managing Partner at Golden Gate Capital and was employed since the firm's inception. Prior to joining Golden Gate, he co-founded Delray Farms, Inc. and also served as its Chief Executive Officer. Kaluzny received a BA from Yale University and an MBA from Harvard Business School. Morrow served as a Principal at Golden Gate before co-founding Sycamore. Peter Morrow received a BA from Stanford University and an MBA from Stanford Graduate School of Business. Holdings Current *CommerceHub * Staples (Acquired 2017) *Pure Fishing (Acquired January 2019) **Brands include: ABU Garcia, All Star, Berkley, Chub, Fenwick, Greys, Hardy, Hodgman, Johnson, JRC, Mitchell, Penn, Pflueger, Seb ...
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