Jefferies Cuts Norwegian Price Target

Jefferies Cuts Norwegian Price Target

Jefferies cut its price target on Norwegian Cruise Line Holdings to $17 from $18 following the company’s second quarter results.

Analyst David Katz reiterated a Hold rating, with the shares near $21 implying roughly 19% downside to his new target.

Katz described Norwegian’s new revenue management strategy as “a LT (long term) positive but a ST (short term) headwind,” with second half 2026 and 2027 yields likely under pressure before improving in 2028.

He detailed the company’s shift to a base-loading strategy, lowering early-curve pricing to build occupancy and drive stronger close-in pricing over time, alongside heavier marketing and top-of-funnel demand generation.

BNP Paribas’ Xian Siew said that the yield reset was driven largely by occupancy, which the company now expects at about 102.3%, roughly 300 basis points lower than before, partly offset by stronger per diems.

That mix, Siew said, reflected management preferring to have some empty berths rather than promote even further.”

Siew, who characterized the risk/reward as wide and balanced, noted that many bulls had already written off 2026 and shifted their focus to 2027.

Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results

Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results

Norwegian Bliss photo credit Dave Jones / Spacejunkie - https://flic.kr/ps/GkiQt

Norwegian Cruise Line Holdings today reported financial results for the second quarter ended June 30, 2026 and provided guidance for the third quarter and full year 2026.

Highlights

• Second quarter total revenue grew 4.9% to $2.6 billion. GAAP net income was $223 million with EPS of $0.48.
• Delivered better-than-expected second quarter profitability, with Adjusted EBITDA1 of $666 million, Adjusted Net Income of $222 million and Adjusted EPS of $0.48, each exceeding guidance.
• Company now expects full year 2026 Adjusted EPS to be approximately $1.50.
• Advanced the Company’s global business sourcing strategy through the consolidation of technology vendors as well as other salary and benefit savings, generating an additional ~$100 million of expected annualized run-rate savings, primarily from capital expenditures and SG&A.
• Announced the grand opening of Great Tides Waterpark on September 4, 2026, at the Company’s private island, Great Stirrup Cay. Spanning nearly six acres, Great Tides Waterpark will deliver a bold, family-friendly adventure across immersive attractions for all ages.
• Entered into a memorandum of agreement in July 2026 for the sale of Oceania Sirena. Oceania Cruises expects to continue operating Oceania Sirena through spring 2028 pursuant to a charter agreement. The transactions are expected to close during the third quarter of 2026.
• Prior to quarter-end, the Company elected to settle the 1.125% Exchangeable Senior Notes due 2027, and the 2.50% Exchangeable Senior Notes due 2027, in cash. The elections are expected to reduce the diluted weighted-average shares outstanding in full year 2026 by 4 million shares, relative to guidance previously issued on May 4, 2026.

“Norwegian Cruise Line Holdings delivered a solid second quarter with profitability ahead of guidance. At the same time, we continued to advance our strategic priorities to strengthen the business for the long term,” said John W. Chidsey, Chairperson and Chief Executive Officer of Norwegian Cruise Line Holdings.

“We are executing with urgency on our priorities including sharpening our brand positioning and marketing execution, strengthening our revenue management and pricing capabilities, driving meaningful cost efficiencies, including an additional $100 million of savings, and ensuring we have the right team in place to rebuild commercial momentum over time. While we are confident in the strength of our brands and the long-term benefits of the actions underway, we are still in the early stages of our turnaround. Our leadership team is united and focused on delivering sustainable growth and long-term value creation.”

Second Quarter 2026 Highlights

• Generated total revenue of $2.6 billion, a 4.9% increase compared to the second quarter of 2025, driven by increased Capacity Days. GAAP net income was $223 million compared to $30 million in the prior year, with EPS of $0.48.
• Gross margin per Capacity Day decreased 11.6% versus 2025 on an as reported basis and decreased 12.3% on a Constant Currency basis. Net Yield decreased approximately 2.1% on an as reported basis and 2.6% on a Constant Currency basis, better than guidance of a decline of 3.6%.
• Gross Cruise Costs per Capacity Day were approximately $304, compared to $306 in the prior year. Adjusted Net Cruise Cost excluding Fuel per Capacity Day was approximately $164 on an as reported basis and $163 on a Constant Currency basis. Compared to 2025, this metric was essentially flat on an as reported basis and decreased 0.5% on a Constant Currency basis, 150 basis points better than guidance.
• Adjusted EBITDA declined 4.1% to $666 million, compared to $694 million in 2025, above guidance of $632 million. Adjusted EPS decreased 6.6% to $0.48, above guidance of $0.38.

2026 Full Year Outlook

The Company said it continues to execute on the cost front, identifying $100 million of annualized savings, in addition to the $125 million of annualized savings announced last quarter. The Company has also taken actions to strengthen its execution, including the addition of key leadership within marketing, revenue management and other key areas at Norwegian Cruise Line. The benefits of these changes are expected to be realized over time and will have a limited impact on 2026 financial results as the Company navigates through its execution challenges, which are impacting its demand generation and revenue outlook. As a result, the Company is updating its full year 2026 guidance. A summary of the updated full year guidance is provided below:

• 2026 full year Net Yield on a Constant Currency basis is expected to be down approximately 5% versus 2025.
• 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to be down approximately 0.25% on a Constant Currency basis versus 2025, reflecting better-than-previously-guided performance driven by ongoing savings.
• 2026 full year Adjusted EBITDA is expected to be approximately $2.5 billion.
• Adjusted Operational EBITDA Margin for the full year 2026 is expected to be 33.2%.
• Full year Adjusted Net Income is expected to be approximately $700 million. Adjusted EPS is expected to be approximately $1.50.

Q3 2026 Outlook

• Q3 2026 Net Yield on a Constant Currency basis is expected to decline 8.9% versus 2025.
• Q3 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to decline 0.9% on a Constant Currency basis versus 2025.
• Q3 2026 Adjusted EBITDA is expected to be $874 million and Adjusted Operational EBITDA Margin for the quarter is expected to be 41.2%.

 

Booking Environment Update

The Company remains below its optimal booked position for the next 12 months, as it continues to experience pressure from softer demand at its Norwegian Cruise Line brand related to Company-specific execution challenges, as well as the ongoing conflict in the Middle East. As we look ahead, the full amenities at the Company’s private island, Great Stirrup Cay, will be open to the public beginning September 4, including the pier and the new Great Tides Waterpark, the Great Life Lagoon, and the nearby Splash Harbor, which we expect will improve demand to Caribbean itineraries over time.

Liquidity and Financial Position

The Company is committed to optimizing its balance sheet and reducing Net Leverage. As of June 30, 2026, the Company had total debt of $15.0 billion and Net Debt of $14.8 billion. Net Leverage ended the quarter at 5.3x.

As of June 30, 2026, liquidity was $1.5 billion, including approximately $218 million of cash and cash equivalents and $1.3 billion of availability under our Revolving Loan Facility.

“While the demand environment remains pressured at our Norwegian Cruise Line brand, we continue to execute on disciplined cost and sourcing initiatives, and have identified an additional $100 million of expected annualized run-rate savings primarily related to technology vendors,” said Mark A. Kempa, Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd. “We remain disciplined in managing our cost structure and over the past three years we have identified over $500 million in savings. These actions will help support future margin expansion and strengthen our financial flexibility as we continue to position the Company for long-term profitable growth.”

Outlook and Guidance

In addition to announcing the results for the second quarter of 2026, the Company also provided guidance for the third quarter and full year 2026, along with accompanying sensitivities, subject to changes in the broad macroeconomic environment. The Company does not provide certain estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. The Company has not provided reconciliations between the Company’s 2026 guidance and the most directly comparable GAAP measures because it would be too difficult to prepare a reliable U.S. GAAP quantitative reconciliation without unreasonable effort.

Norwegian Reports 2026 Q1 Results

Norwegian Reports 2026 Q1 Results

Norwegian Cruise Line Holdings today reported financial results for the first quarter ended March 31, 2026 and provided guidance for the second quarter and full year 2026.

Highlights

• First quarter total revenue grew 10% to $2.3 billion. GAAP net income was $105 million, with EPS of $0.23.
• Delivered Adjusted EBITDA of $533 million in first quarter 2026, exceeding guidance, and representing an increase of 18% compared to 2025. Adjusted Net Income more than doubled to $108 million. Adjusted EPS increased $0.13 to $0.23.
• Company lowered full year 2026 guidance with Adjusted EPS expected to be $1.45 to $1.79.
• Company took delivery of Norwegian Luna, featuring an exceptional collection of venues and experiences, including its latest in house production ELTON: A Celebration of Elton John™.
• Announced Board refreshment with the appointment of five new independent directors effective March 31, 2026, further strengthening the Company’s governance and shareholder value focus.
• Executed targeted initiatives to enhance its SG&A profile, generating approximately $125 million of expected annualized run-rate savings.

“

We delivered strong first quarter results, and more importantly we have already begun taking decisive actions to strengthen execution and accountability across the company, which will enhance results over the longer term,” said John W. Chidsey, Chairperson and Chief Executive Officer of Norwegian Cruise Line Holdings.

“During the quarter, we acted with urgency to simplify, optimize, and streamline the organization, including executing SG&A savings initiatives totaling $125 million in expected run rate savings. These are long-term structural actions that we believe will help offset near-term pressures and position the business for stronger performance over time. As we move through the year, we will continue to manage costs and focus on revenue growth to align resources with the high-growth, high value areas of the business. I remain confident and encouraged that we are building a leaner, more effective and nimble organization that positions NCLH for sustainable long-term value creation.”

First Quarter 2026 Highlights

• Generated total revenue of $2.3 billion, a 10% increase compared to the first quarter of 2025, driven by increased Capacity Days. GAAP net income was $104.7 million compared to $(40.3) million in the prior year, with EPS of $0.23.
• Gross margin per Capacity Day increased 4.0% versus 2025 on an as reported basis and increased 2.6% on a Constant Currency basis. Net Yield decreased approximately 0.3% on an as reported basis and 1.0% on a Constant Currency basis, above our guidance of a decline of 1.6%.
• Gross Cruise Costs per Capacity Day was approximately $287, compared to $297 in the prior year. Adjusted Net Cruise Cost excluding Fuel per Capacity Day was approximately $169 on an as reported basis and $168 on a Constant Currency basis, and was down 0.2% on an as reported basis and 1.0% on a Constant Currency basis compared to $169 in 2025, better than guidance.
• Adjusted EBITDA increased 18% to $533 million, compared to $453 million in 2025, exceeding guidance of ~$515 million. Adjusted EPS increased 121% to $0.23, exceeding guidance of ~$0.16.

2026 Full Year Outlook

The Company is experiencing headwinds related to disruptions in the Middle East, including higher fuel expense and signs of softer demand as consumers reevaluate travel plans, particularly to Europe. As previously noted, the Company entered 2026 behind its targeted booking curve, and these headwinds have hindered the Company’s ability to accelerate bookings and close that gap. These external pressures come as the Company continues to enhance its revenue management system and improve execution, resulting in additional pressure on the business and a reduction in its full year guidance. A summary of the updated full year guidance is provided below:

• 2026 full year Net Yield on a Constant Currency basis is expected to be down approximately 3% to 5% versus 2025.
• 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to be approximately flat on a Constant Currency basis versus 2025, reflecting better-than-previously-guided performance driven by workforce optimization and other SG&A savings.
• 2026 full year Adjusted EBITDA is expected to be approximately $2.48 billion to $2.64 billion.
• Adjusted Operational EBITDA Margin for the full year 2026 is expected to be 32.9% to 34.3%.
• Full year Adjusted Net Income is expected to be approximately $679 million to $838 million. Adjusted EPS is expected to be $1.45 to $1.79.

Q2 2026 Outlook

• Q2 2026 Net Yield on a Constant Currency basis is expected to decline approximately 3.6% versus 2025.
• Q2 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to grow approximately 1.0% on a Constant Currency basis versus 2025.
• Q2 2026 Adjusted EBITDA is expected to be approximately $632 million and Adjusted Operational EBITDA Margin for the quarter is expected to be approximately 32.5%.

 

Booking Environment Update

The Company remains below its optimal booking range following certain execution missteps, exacerbated by softer demand related to heightened geopolitical uncertainty. Recent events related to the conflict in the Middle East have impacted bookings across all three brands, especially in Europe during the summer season. While the near-term environment remains challenging, the Company is taking targeted actions to better align commercial strategy, including marketing, with deployment and revenue management, with the benefits of these actions expected to materialize gradually over time.

Liquidity and Financial Position

The Company is committed to optimizing its balance sheet and reducing Net Leverage. As of March 31, 2026, the Company had total debt of $15.2 billion and Net Debt of $15.0 billion. Net Leverage ended the quarter at 5.3x.

As of March 31, 2026, liquidity was $1.6 billion including approximately $185.0 million of cash and cash equivalents and $1.4 billion of availability under our Revolving Loan Facility.

“During the quarter we delivered better-than-expected cost performance across the business,” said Mark A. Kempa, Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd. “As we navigate a more uncertain macroeconomic and geopolitical environment, we are acting diligently to offset those pressures through targeted SG&A savings and broader efficiency initiatives. Based on the actions taken during the quarter, we now expect full year Adjusted Net Cruise Cost Excluding Fuel to be approximately flat to last year, which should help support margins as we continue to strengthen execution across the business.”

Outlook and Guidance

In addition to announcing the results for the first quarter of 2026, the Company also provided guidance for the second quarter and full year 2026, along with accompanying sensitivities, subject to changes in the broad macroeconomic environment. The Company does not provide certain estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. The Company has not provided reconciliations between the Company’s 2026 guidance and the most directly comparable GAAP measures because it would be too difficult to prepare a reliable U.S. GAAP quantitative reconciliation without unreasonable effort.

Norwegian Aura Floated Out at Fincantieri

Norwegian Aura Floated Out at Fincantieri

Norwegian Cruise Line (NCL) floated out the Norwegian Aura during a ceremony held on April 16 at Fincantieri’s shipyard in Monfalcone, Italy.

Now that the external hull construction is complete and the ship has touched water for the first time, work will continue on the ship’s interior development, according to a statement.

Said to be the largest vessel in company’s history, the ship is set to debut in May 2027.

“Norwegian Aura’s float out is a proud and meaningful moment for our entire team. She builds on the legacy of our award-winning Prima Class while taking our commitment to thoughtfully designed guest‑first experiences even further,” said NCL President Marc Kazlauskas.

“Created in close partnership with Fincantieri, the ship is purposefully constructed to deliver an elevated, multi‑generational vacation experience, with expansive outdoor spaces like Ocean Heights, that bring families and friends together for fun-filled days.”

Nearly 1,130 feet long and weighing approximately 170,000 tons, the ship will feature over 1,970 staterooms accommodating around 3,880 guests at double occupancy.

“Norwegian Aura’s float out marks a highly symbolic and operationally significant milestone in our shared journey with Norwegian Cruise Line,” noted Luigi Matarazzo, general manager of Fincantieri’s Merchant Ships Division.

“This vessel reflects the strength of a long-standing partnership and our ability to turn design vision and innovation into tangible solutions, helping to redefine onboard experience for future generations of guests.”

The Norwegian Aura will set sail on her maiden voyage on May 21, 2027, with a seven-day Mediterranean voyage departing from Trieste, Italy and calling to ports in Italy and Malta.

After that, she will embark on a 14-day transatlantic crossing to the United States.

Starting June 10, 2027, she will homeport in Miami and offer seven-day voyages to the Eastern Caribbean and Western Caribbean during her inaugural season.

New NCLH CEO: $1.7 Million Salary, Potentially $48+ Million in Stock

New NCLH CEO: $1.7 Million Salary, Potentially $48+ Million in Stock

Norwegian Cruise Line Holdings announced that it has entered into an employment agreement and restricted share unit award agreement with John W. Chidsey, its new president and CEO.

“His compensation structure is designed to immediately align his incentives with long-term shareholder value creation, with the majority of his long-term compensation delivered in performance-based equity,” the company said in a press release issued on Friday morning.

Under the employment agreement, Chidsey is entitled to an annual base salary of $1,715,000.

Beginning with the company’s 2027 fiscal year, he will participate in the annual bonus plan with a target annual bonus opportunity equal to 175% of his base salary.

For fiscal 2026, his annual bonus is fixed at $2.9 million, which is below his target annual bonus amount, with no opportunity to earn a higher payout regardless of performance results achieved.

The company said in an effort to encourage Chidsey to accept the job, he was granted a one-time target award of 2,139,892 restricted share units with an intended value of approximately $48 million.

The award was structured as a “front-loaded” grant covering four years of annual equity incentives and designed to provide him with a meaningful at-risk equity interest in the company that may be earned over the initial four-year term of his employment, the company said, in a press release.

When determining the value of Chidsey’s four-year “front-loaded” grant, the Compensation Committee reviewed annual equity grant benchmarks among the company’s peers to help establish a grant value intended to appropriately incentivize sustained shareholder value creation while maintaining a competitive compensation level, NCLH said in a press release.

Based on these considerations, the Compensation Committee determined that the annualized intended grant value of approximately $12 million was market-aligned and within the competitive range for similarly situated peers based on size and industry profile, appropriately encouraging Chidsey’s contributions over the next four-year period.

Consistent with the front-loaded structure, the Compensation Committee does not intend to grant Chidsey additional equity awards until 2030. Unlike other similarly situated executives, Chidsey’s employment agreement does not entitle him to participate in the company’s Amended and Restated 2013 Performance Incentive Plan or any successor equity incentive plan.

Additional information:

The approved award was delivered in a mix of a target number of 1,172,638 performance share units with an intended approximate grant date value of $28.8 million, which represent 60% of the total intended value of restricted share units and 967,254 restricted share units with an intended grant date value of $19.2 million, which represent 40% of the total intended value of restricted share units (the “RSUs”).

The RSUs will vest in four substantially equal annual installments on each of the first four annual anniversaries of March 1, 2026. The PSUs will be eligible to “cliff vest” at the end of a four-year performance period, but only if applicable absolute total shareholder return compounded annual growth rate (“TSR CAGR”) targets are achieved. If our TSR CAGR achieved for the performance period is: (i) less than 5%, none of the PSUs will vest, (ii) 5%, 50% of the target number of PSUs will vest, (iii) 10%, 100% of the target number of PSUs will vest, or (iv) 20% or more, 200% of the target number of PSUs will vest. For performance that falls between these milestones, the PSU vesting will be determined based on linear interpolation.

Chidsey must generally remain continuously employed through the date the performance targets are achieved in order to vest in any PSUs becoming earned based on performance, although the award agreement does provide for accelerated RSU and PSU vesting for certain qualifying terminations of his employment.

The company said the new employment agreement was approved by the Compensation Committee of the Board, in consultation with its independent compensation consultant, and is based on the same form of employment agreement that applies to other senior executive officers.

NCLH CFO Admits Caribbean Expansion Was Premature

NCLH CFO Admits Caribbean Expansion Was Premature

Norwegian Cruise Line Holdings’ Chief Financial Officer Mark Kempa offered commentary on the company’s Caribbean capacity strategy, acknowledging that a 40 percent capacity increase into the region was pushed forward prematurely.

“In hindsight, it is clear that this shift was executed without the necessary enterprise-wide coordination,” Kempa told investors on the company’s fourth quarter and year-end earnings call.

“The capacity increase was premature.”

At the center of that was Great Stirrup Cay, the company’s private Bahamian island, which is undergoing a significant enhancement program.

The capacity shift happened before the opening of Great Tides water park on the island, which expected to open later this summer.

Kempa said the commercial infrastructure needed to absorb the additional capacity simply wasn’t ready.

Revenue management, sales, marketing, itinerary planning, and on-island monetization strategies were not aligned or integrated under a single cohesive operating plan.

“The individual components were moving forward, but they were not integrated under a single cohesive operating plan designed to absorb the capacity at the right yield,” he said.

Kempa said the headwinds are more pronounced than the company anticipated.

Kempa did express confidence in the long-term Caribbean strategy, pointing to strong early guest satisfaction scores at Great Stirrup Cay following the opening of a new pier, expanded pool facilities, and enhanced amenities.

“The early feedback reinforces our confidence that our investments are improving the guest experience and will drive strong returns,” he said.

Caribbean Cruise Capacity Up Over 10% for 2026

Caribbean Cruise Capacity Up Over 10% for 2026

The Caribbean will have over 40 percent of cruise market share worldwide in 2026, according to the upcoming 2026 Cruise Industry News Annual Report.

CIN data shows that more than 200 ships will sail in the region, with capacity up over 10 percent on a year-over-year basis.

Larger brands, including Royal Caribbean, Carnival, MSC and Norwegian, will account for 75 percent of the capacity in the Caribbean this year.

Pushing up the numbers are large new ships, which are set to enter service for some of these brands over the course of 2026.

Norwegian will add a new ship to its Caribbean lineup in the second quarter, with the debut of the new Norwegian Luna.

Currently under construction in Italy, the 3,571-passenger vessel is set to offer weeklong cruises departing from PortMiami.

In November, Royal Caribbean is also introducing the next largest ship in the world, the Legend of the Seas.

As the third vessel in the company’s Icon-class series, the 5,610-guest ship will offer a seasonal deployment out of Fort Lauderdale.

The Caribbean is also welcoming new ships from a series of upscale and niche brands, such as Explora Journeys.

After an inaugural season in Northern Europe, the 922-guest ship will spend the 2026-27 season offering a series of cruises between San Juan and Miami.

Other luxury ships arriving in the region this year include the Seven Seas Prestige, the Four Seasons I, and Orient Express’ Corinthian.

2026 will also mark the first full year of service for megaships that entered service in 2025.

The lineup includes MSC’s World America, which debuted last April, Norwegian’s Aqua, which also debuted in April, and Royal Caribbean’s Star, which entered service in August.

After kicking off its maiden season in November 2025, the Disney Destiny will also offer its first year-round schedule in Port Everglades

Norwegian Cruise Line: 16-Year-Old Fleet Average Age by 2030

Norwegian Cruise Line: 16-Year-Old Fleet Average Age by 2030

Norwegian Cruise Line’s fleet is undergoing significant changes over the next few years with the debut of a series of newbuilds and the withdrawal of some of its older vessels.

According to Cruise Industry News’ 2026 Global Cruise Ship Index, the changes will translate into a rejuvenation of the fleet.

Data from the exclusive report shows that the company’s current vessels have an average age of 15 years.

By 2030, Norwegian is expected to operate a 22-ship fleet, which will have an average age of roughly 16 years.

After announcing a record-breaking order in April 2024, Norwegian is set to welcome seven new ships to its fleet by 2036.

Four are scheduled to enter service between 2026 and 2030, including the new Norwegian Luna, which debuts next March.

The company is then set to welcome two additional Prima Class vessels in 2027 and 2028 before introducing a new ship class.

Significantly larger than the company’s current ships, the first vessel in the series is set to debut in 2030, boasting 225,000 tons and capacity for 5,100 guests.

Norwegian also announced plans to retire two ships from its fleet over the next couple of years: the Norwegian Sky and the Norwegian Sun.

Among the oldest vessels currently in service for the brand, the sister ships were built between 1999 and 2001.

Set for a future serving the Indian source market, the vessels will be delivered to Cordelia Cruises in 2026 and 2027, respectively.

The 2026 Global Cruise Ship Index by Cruise Industry News puts the world’s entire cruise fleet at the fingertips of readers with a comprehensive Excel file.

The database was just released and covers all key metrics, such as capacity, tonnage, age, width, draft and much more.

Saint John Welcomes Unscheduled Visit from Norwegian Aqua

Saint John Welcomes Unscheduled Visit from Norwegian Aqua

Saint John in Canada welcomed the new Norwegian Aqua for an unscheduled visit earlier this week.

Initially set to visit Bermuda, the Norwegian Cruise Line ship was diverted to the port due to the impact of Hurricane Erin.

“It was a beautiful sunny day, and guests were in good spirits despite not being at the port they signed up for,” Natalie Allaby, Port Saint John’s director of cruise, marketing and engagement, told Cruise Industry News.

“Days like yesterday remind us of how our cruise sector was born back in September of 1989: a hurricane diversion from an NYC cruise destined for Bermuda that came our way instead,” she continued.

The first cruise ship to visit Saint John was the Cunard Princess, which arrived at the port in Canada’s Bay of Fundy due to a diversion caused by Hurricane Gabrielle.

“We hope we can be of assistance should any additional diversions need to occur during the 2025 hurricane season,” Allaby added.

The call also marked the first visit of a Prima-class ship to Saint John, she added, noting that the port is happy to accommodate unscheduled calls.

After departing from New York City, the Norwegian Aqua made its inaugural visit to Saint John on Aug. 20, 2025.

The visit was part of a four-night cruise that also marked the ship’s debut in NYC and the Canada and New England region.

Initially set to include an overnight call at the Royal Naval Dockyard in Bermuda, the itinerary was adjusted due to Hurricane Erin.

In a statement sent to guests onboard, Norwegian said that the change was necessary to allow the ship to “steer clear” of the storm and forecasted rough weather.

While the Norwegian Aqua is not scheduled to make additional visits to Saint John, the port is set to welcome other vessels from the company, including the Norwegian Getaway and the Norwegian Gem.

Norwegian Escape to Extend Call in NYC to Avoid Hurricane Erin

The Norwegian Escape is extending its visit to New York City due to the impact of Hurricane Erin on the East Coast.

After repositioning from Miami, the Norwegian Cruise Line ship was scheduled to sail from its new homeport on Wednesday.

Initially set to offer a ten-night cruise to the Caribbean and Bermuda, the Escape is now set to remain in New York City for three days before operating a revised itinerary to the Bahamas and Bermuda.

“Due to the impact of Hurricane Erin and the severe weather it’s bringing to the East Coast, we’ve made the difficult decision to change the itinerary for Norwegian Escape’s August 20, 2025, sailing,” the company said in a statement sent to guests.

According to Norwegian Cruise Line, the change prioritises the safety and comfort of everyone onboard the ship.

“As a result, the Norwegian Escape will remain docked in New York until 5:00 PM on August 21, then anchor in the port before officially sailing at 11:59 PM on August 22, 2025,” the company added.

While the cruise’s original itinerary included visits to Puerto Plata, San Juan, St. Maarten, Tortola and King’s Wharf, the Norwegian Escape is now set to head to Nassau, Great Stirrup Cay and King’s Wharf after departing from New York City.

“We understand how disappointing it can be when a long-anticipated vacation is disrupted,” Norwegian added.

“We thank you for your flexibility and understanding as we navigate this situation with your safety and experience in mind.”

According to the statement, shore excursions booked through Norwegian will be automatically cancelled, with full refunds credited to onboard accounts.

Earlier this week, Norwegian Cruise Line also changed the itineraries of the Norwegian Jewel and the Norwegian Aqua due to the impacts of Hurricane Erin.

 

NCLH Reveals Development Plans for Great Stirrup Cay

NCLH Reveals Development Plans for Great Stirrup Cay

Norwegian Cruise Line Holdings Ltd. (NCLH) has announced plans to build new amenities and enhancements at Great Stirrup Cay.

The company said in a press release that the enhancements include a new welcome center and pool area with a swim-up bar, family splash pad and poolside cabanas. An island-wide tram system will also be added. These will debut along with a multi-ship pier later this year.

During the company’s christening ceremony for the Norwegian Aqua in Miami, David J. Herrera, president of Norwegian Cruise Line, said: “We are unveiling that Great Stirrup Cay is getting even greater with more to do! Later this year, we will launch new experiences for our guests to enjoy on this already incredible private island.”

These, according to the company, include a relaxation area with hammocks and other Tiki-inspired amenities and experiences.

The company said in a press release that several onboard premium concepts featured on Norwegian Cruise Line ships will also come to the island, including the adults-only Vibe Beach Club and Horizon Park, a recreation and lawn games area.

“These newly announced enhancements to Great Stirrup Cay will further improve the guest experience on the island, which is already one of our top-rated destinations worldwide,” said Sommer.

“Along with completing a new multi-ship pier later this year, we’re improving both access and amenities on the island. As we anticipate annual guest visits to exceed one million by 2026, we are actively evaluating additional investments in the island to support that growth and expand the amenities our guests can enjoy,” added Sommer.

“Great Stirrup Cay has long been a guest favorite. These new additions will take the private island experience to the next level by offering our guests even more and the continued freedom and flexibility to design their best vacation,” said David J. Herrera, president of Norwegian Cruise Line.

“We look forward to adding more exciting and guest-centric experience on Great Stirrup Cay in the future,” added Herrera.

Royal Caribbean and NCLH Announce Q1 Call Dates

Royal Caribbean and NCLH Announce Q1 Call Dates

Norwegian Bliss photo credit Spacejunkie2 Flickr

Royal Caribbean Group has scheduled a conference call for 10:00 a.m. Eastern Time on Tuesday, April 29, 2025, to discuss the company’s first quarter 2025 financial results.

The call will be simultaneously webcast on the company’s investor relations website, rclinvestor.com.

In addition, Norwegian Cruise Line Holdings Ltd. will report its first quarter 2025 financial results on Wednesday, April 30, 2025, at 6:30 a.m. Eastern Time.

The conference call will be webcast via the Company’s Investor Relations website, https://www.nclhltd.com/investors.

Webcast replays of both calls will be available on the company websites for 30 days following the calls.

Cruise Orderbook Update: Two Ships Delivered in 40k Berth Year

Cruise Orderbook Update: Two Ships Delivered in 40k Berth Year

Two large cruise ships were recently delivered as the Norwegian Aqua and the MSC World America were handed over to Norwegian Cruise Line and MSC Cruises.

According to the latest edition of the cruise ship orderbook by Cruise Industry News, the vessels are part of a lineup of 15 ships that are scheduled to enter service for various brands this year.

The vessels will add roughly 40,000 berths to the cruise industry as part of a $12.1 billion investment.

After being built by Fincantieri’s Marghera shipyard, the Aqua was delivered to Norwegian Cruise Line on Mar. 13, 2025.

According to CIN’s independent research, the 3,570-guest ship is one of 13 that will enter service for Norwegian Cruise Line Holdings by 2036.

Set to be built by the Fincantieri shipyard in Italy, the vessels will add over 40,000 berths to the company’s three brands.

The MSC World America was delivered to MSC Cruises by the Chantiers de l’Atlantique shipyard on Mar. 27, 2025.

As the second ship in MSC’s World Class series, the 205,800-ton vessel will increase the company’s berth count by 5,400.

According to Cruise Industry News data, MSC is set to add roughly 20,000 berths to its fleet by 2028. The company’s orderbook includes two World Class vessels and a series of luxury vessels for Explora Journeys.

The Norwegian Aqua and the MSC World America follow the Mein Schiff Relax, which was delivered to TUI Cruises in February.

Other ships set to enter service in 2025 include the Asuka III, which is expected to be delivered to Japan-based Asuka Cruise in the coming weeks.

Royal Caribbean is also taking delivery of an additional Icon-class ship during the second quarter, as the Star of the Seas is being delivered by the Meyer Turku shipyard.

Additional vessels being delivered in the coming months include the new Star Princess, the Viking Vesta, the Celebrity Xcel, and the Disney Adventure.

 

Norwegian Luna Revealed, Sailing from Miami in 2026

Norwegian Luna Revealed, Sailing from Miami in 2026

Norwegian Cruise Line today unveiled and opened for sale the next evolution of its Prima Plus Class, the all-new Norwegian Luna, according to a press release.

The new ship will sail from Miami beginning April 4, 2026, through November 2026. The Norwegian Luna will kick off its inaugural Caribbean season with two western itineraries to Roatan Island, Honduras; Costa Maya and Cozumel, Mexico; and Harvest Caye, Belize.

The ship will then sail seven-day cruises with calls to the beautiful Eastern Caribbean destinations of Puerto Plata, Dominican Republic; Tortola, British Virgin Islands; St. Thomas, U.S. Virgin Islands; and Great Stirrup Cay, NCL’s private island in the Bahamas, which will feature a brand-new pier by late 2025.

At 1,056 feet long, 156,300 gross tons, and accommodating approximately 3,550 guests at double occupancy, the Norwegian Luna will boast an overall 10 per cent size and capacity increase from Prima Class ships and will be built at Fincantieri.

“Inspired by the relationship between the moon and the tides of the ocean, we are excited to introduce Norwegian Luna as the vessel that perfectly complements her sister ship, Norwegian Aqua,” said David J. Herrera, president of Norwegian Cruise Line. “The debut of Norwegian Luna truly showcases our ongoing commitment to providing guests more of what they enjoy and value – a brand-new ship with the latest, innovative offerings sailing to the beautiful, tropical destinations of the Caribbean. It’s important to give our guests more to see, more to do, more to enjoy on board and ultimately more out of their cruise vacation. We can’t wait for them to experience Norwegian Luna!”

The company said the Norwegian Luna’s hull art will showcase a vibrant dreamscape by ELLE, the highly acclaimed street artist from Napa, Calif., who has partnered with popular brand names such as Nike, Reebok and Ralph Lauren. Entitled ‘La Luna,’ the artwork is a visual exploration of humanity’s deep-rooted connection with the celestial forces in space as human beings are intrinsically linked to the ebb and flow of the moon. ‘La Luna’ will display proudly on the bow of the ship, leading guests on an extraordinary voyage and an epic journey of discovery.