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Everything posted by WESTEAST

  1. I agree with the above statement and if physical distancing of 2 metres cannot be achieved for drill, simply wear a mask (this is what we are doing in most provinces in Canada now). Last year on Marina, we went to Grand Dining Room and this Jan-Feb, on Regatta also went to Grand Dining Room for our drills; on renovated Regatta, they also had safety video online as part of their new smart TVs but, don't recall the details (point in case that people don't remember videos). Perhaps other changes could be made as recall a time when you had to bring/wear your life jackets for drill e.g., two drills to accommodate amount of passengers distancing etc.
  2. Norwegian Cruise Line Holdings Ltd. Successfully Secures Over $2 Billion of Additional Liquidity in Oversubscribed Capital Markets Transactions Well-Positioned to Weather COVID-19 Impacts Upon Completion of Proposed Transactions MIAMI, Florida – May 5, 2020 – Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) today announced it successfully secured over $2 billion of additional liquidity in response to impacts of the COVID- 19 global pandemic on the Company and the cruise industry, including the temporary suspension of voyages, and to safeguard against a further downside scenario. Yesterday, the Company announced the launch of a series of capital markets transactions, led by Goldman Sachs, to raise approximately $2 billion. The transaction has since been upsized to gross proceeds of $2.225 billion ($2.4 billion if the underwriters exercise their full overallotment options) due to significant oversubscription and demand across all three offerings. The transactions consisted of (1) $400 million public offering of common equity, (2) $750 million exchangeable senior notes offering, (3) $675 million senior secured notes offering and (4) $400 million private investment from global consumer-focused private equity firm L Catterton. Contingent on completion of the transactions, the Company expects to have approximately $3.5 billion of liquidity. This significantly strengthens the Company’s financial position and liquidity runway and it now expects to be positioned to withstand well over 12 months of voyage suspensions in a potential downside scenario. While this is not the Company’s base case expectation, the Company has taken a swift and proactive approach to protect its future given the significant uncertainty and unknown duration of the COVID-19 global pandemic. When the transactions are completed, the additional liquidity alleviates management’s concern about the Company’s ability to continue as a going concern for the next 12 months. About Norwegian Cruise Line Holdings Ltd. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with approximately 59,150 berths, these brands offer itineraries to more than 490 destinations worldwide. The Company will introduce nine additional ships through 2027. 1 Cautionary Statement Concerning Forward-Looking Statements Some of the statements, estimates or projections contained in this press release are “forward-looking statements” within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, prospects, actions taken or strategies being considered with respect to our liquidity position, valuation and appraisals of our assets and objectives of management for future operations (including those regarding expected fleet additions, our voluntary suspension, our ability to weather the impacts of the COVID-19 pandemic, any possible bankruptcy filings, operational position, demand for voyages, financing opportunities and extensions, and future cost mitigation and cash conservation efforts and efforts to reduce operating expenses and capital expenditures) are forward-looking statements. Many, but not all, of these statements can be found by looking for words like “expect,” “anticipate,” “goal,” “project,” “plan,” “believe,” “seek,” “will,” “may,” “forecast,” “estimate,” “intend,” “future” and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the impact of: COVID-19 on our financial condition and operations, which adversely affects our ability to obtain acceptable financing in an amount equal to the resulting reduction in cash from operations, and the current, and uncertain future, other impacts of the COVID-19 outbreak, including its effect on the ability or desire of people to travel (including on cruises), which are expected to continue to adversely impact our results, operations, outlook, plans, goals, growth, reputation, cash flows, liquidity, demand for voyages and share price; our ability to develop strategies to enhance our health and safety protocols to adapt to the current pandemic environment’s unique challenges once operations resume and to otherwise safely resume our operations when conditions allow; coordination and cooperation with the CDC, the federal government and global public health authorities to take precautions to protect the health, safety and security of guests, crew and the communities visited and the implementation of any such precautions; the accuracy of any appraisals of our assets as a result of the impact of COVID-19 or otherwise; the ability to obtain deferrals on our debt payments; our success in reducing operating expenses and capital expenditures and the impact of any such reductions; our guests’ election to take cash refunds in lieu of future cruise credits or the continuation of any trends relating to such election; trends in, or changes to, future bookings and our ability to take future reservations and receive deposits related thereto; our ability to work with lenders and others or otherwise pursue options to defer or refinance our existing debt profile, near-term debt amortization, newbuild related payments and other obligations and to work with credit card processors to satisfy current or potential future demands for collateral on cash advanced from customers relating to future cruises; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; 2 adverse incidents involving cruise ships; adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; the spread of epidemics, pandemics and viral outbreaks; our cash runway, lack of plans to file for bankruptcy and anticipated need for additional financing, which may not be available on favorable terms, or at all, and may be dilutive to existing shareholders; our ability to raise sufficient capital and/or take other actions to improve our liquidity position or otherwise meet our liquidity requirements that are sufficient to eliminate the substantial doubt about our ability to continue as a going concern; an impairment of our trademarks, trade names or goodwill, including in connection with the preparation of our financial statements as of March 31, 2020; breaches in data security or other disturbances to our information technology and other networks or our actual or perceived failure to comply with requirements regarding data privacy and protection; changes in fuel prices and the type of fuel we are permitted to use and/or other cruise operating costs; mechanical malfunctions and repairs, delays in our shipbuilding program, maintenance and refurbishments and the consolidation of qualified shipyard facilities; the risks and increased costs associated with operating internationally; fluctuations in foreign currency exchange rates; the unavailability of ports of call; overcapacity in key markets or globally; our expansion into and investments in new markets; our inability to obtain adequate insurance coverage; our indebtedness and restrictions in the agreements governing our indebtedness that require us to maintain minimum levels of liquidity and otherwise limit our flexibility in operating our business, including the significant portion of assets that are collateral under these agreements; pending or threatened litigation, investigations and enforcement actions; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; our inability to recruit or retain qualified personnel or the loss of key personnel or employee relations issues; our reliance on third parties to provide hotel management services for certain ships and certain other services; 3 future increases in the price of, or major changes or reduction in, commercial airline services; our inability to keep pace with developments in technology; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 outbreak. It is not possible to predict or identify all such risks. There may be additional risks that we consider immaterial or which are unknown. The above examples are not exhaustive and new risks emerge from time to time. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law. Investor Relations & Media Contact Andrea DeMarco (305) 468-2339 InvestorRelations@nclcorp.com Jessica John (786) 913-2902
  3. We moved our Japan April 2021 cruise to April 2022 with the hope that the vaccine is readily available to everyone (all countries) else, will cancel. Have a FCD Certificate that expires February 2021 so hoping to book a cruise for late 2021 or another in 2022.
  4. Dining at our favourite, Red Ginger onboard the Marina, Riviera and the Sirena. Miso-glazed Sea Bass -- sweet and savoury complemented by lime/the fish is always moist - simply delicious!
  5. Blarney Castle + Cobh, August 2019 - Celtic Kingdoms Cruise onboard Marina. We didn't kiss the blarney stone but, threw it a kiss! In Cobh, we enjoyed walking the charming port town, seeing the Cathedral & Titantic Memorial.
  6. Thank you and sending good wishes for your family's recovery. Updated Travel Advisory online: https://www.oceaniacruises.com/coronavirus-statement. Excerpt: Oceania Cruises General Travel Advisory and COVID-19 Coronavirus Protocol Update as of 3/30/20 GENERAL TRAVEL ADVISORY The safety, security and well-being of our guests, crew and communities we visit is our number one priority. We continue to closely monitor the COVID-19 coronavirus situation and the global health environment. With COVID-19 continuing to impact communities and ports around the globe, we have extended our voluntary temporary suspension of voyages. Our suspension that was for voyages embarking March 13 to April 11 has been extended to now include all voyages embarking through May 10, 2020. We plan to recommence operations beginning May 11, 2020.
  7. Sunset from the Terrace Cafe onboard Regatta in February leaving Tauranga enroute to Auckland, NZ. Dined on grilled lobster tails and a bottle of wine - sublime!
  8. Perhaps this will delay many of the new builds across the industry until the industry resumes to previous capacity levels and personal feeling is that industry may have now too many ocean/river ships sailing as some ports struggle to handle larger ships. We always wonder 'does the world really need to have more floating amusement ships for 4,000+'! On the positive side, it may provide improved 'industry' health sanitation standards for every day and especially at time of risk e.g., GI, Noro and heaven forbid another COVID19; expect there are standards now but, maybe areas for improvement (still wonder why it is only Princess line that has COVID-19).
  9. It is interesting that with the magnitude of cruise lines currently (or since January) sailing the world that to date (other than the river cruise in Egypt) only the Princess line has had COVID-19 outbreaks.
  10. Agree. We were onboard Regatta last month and temperatures were being taken starting Feb. 11th (approx.) each time we (passengers and crew) boarded ship after our days in ports of call in NZ; we were told it was a NCL mandatory protocol.
  11. Just received the following email letter: March 6, 2020 Dear Oceania Club Member, I’m reaching out to everyone in our Oceania Cruises family to speak to you about the state of world travel and the impact that COVID-19 has had around the globe. In the short time span of just a few weeks, it has managed to reach into every one of our lives in a different way. One of the things we all share is our passion for travel, yet how we look at travel and how we feel about it today is certainly different than it was a few weeks ago. I can’t help but look across the entire travel industry landscape and notice how everyone has been impacted, from travelers to airline pilots to tour guides. Our hearts go out to everyone that’s been impacted directly or indirectly by this global health crisis. On behalf of the entire team at Oceania Cruises, I want to assure you that our number one priority is, and has always been, the safety, security, and well-being of our guests and crew. We have one of the best Health and Safety teams in the industry, led by our own resident Chief Medical Officer, Dr. Carlos Gonzalez. He and his team are in constant contact with the United States Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO). Together, they have designed and implemented comprehensive and stringent health and safety protocols to protect you and our crew. Our team is also in regular communication with local authorities around the world so we can very quickly alter itineraries to avoid areas of concern. When it comes to the health and well-being of our guests and crew, we are uncompromising. Just today, we undertook the very difficult decision to eliminate ports of call in Italy from six of our April and May itineraries. We will continue to monitor the situation and make further revisions as necessary, just as we did a few weeks ago with our voyages in Asia. In addition to wanting to ensure our guests remain healthy, we also want you to be comfortable and confident when choosing to travel. To help put our guests’ minds at ease, we have just introduced our new Travelers Assurance Program which allows for No-Penalty Cancellations plus the added benefit of a Best Price Guarantee. If you are departing between March 10th and September 30th of this year, you may cancel up to 48 Hours prior to departure and we will issue a Future Cruise Credit for 100% value of the cruise fare you paid. If you are in the planning process but are hesitating to book due to possible future offers, let our Best Price Guarantee put your mind at ease. If a better amenity-based or pricing promotion becomes available in the marketplace, we will happily provide you with the better promotion or price. Complete details on the program can be found here: www.OceaniaCruises.com/Assurance Travel not only showcases the world, it brings people together and has the power to change lives. Speaking of bringing people together, I am very much looking forward to hosting our annual Oceania Club Reunion Cruise with Neli Arias, our Oceania Club Manager, this June. I know many of you will be there and I’m excited about the exclusive evening event in Istanbul at the Saint Sophia Museum, tasting olive oils and Greek wines in Mykonos and a visit to the Blue Cave in Split. As I stated earlier, we want you to feel confident and relaxed when traveling. We’re ready to answer your questions, address your concerns…and help you make travel decisions that make sense for YOU. We look forward to welcoming you back to your home away from home as we continue to discover the world together. Take care and be well.
  12. We were on the Regatta last month, and there was a desk on Deck 5 for Speciality Reservations (opposite side to where the OC Ambassador's desk); was open at 8 AM all days and I believe till 6 PM though not sure if 6 PM applied on busy shore days. Recall the times were posted on the desk. The staff were very helpful to move and in our case add a reservation.
  13. We were on Regatta last month and they had two Asian inspired buffets (not labelled as Red Ginger) at the Terrace Cafe. We were disappointed as not anywhere near the Red Ginger quality we enjoy (no sea bass). However, other nights at the Terrace Cafe, we found the buffet excellent (more options than GDR). That said, we found both the Terrace and GDR have very similar main menus -- the Terrace we found a better option as we love the grilled lobster and shrimp! Terrace offered 'local' specialities a few nights while we were in New Zealand which were just excellent - mussels, fish, lamb, cheese, etc. that they purchased fresh. You can peruse the menus in your room online (special buffets in the Currents); unfortunately, not in advance to know what nights not to reserve at Toscana or, Polo. That said, we found the Reservations Desk to very flexible in moving our reservations and booking additional ones. Good luck!
  14. The OC Ambassador on our February Regatta cruise, told us that the name was 'Vista' and that this new Allura ship's schedule will be available January 2021. She also stated that the remaining schedule of R & O class of ships will be released in October 2020.
  15. We recently visited the charming port of Napier and did not take any of the vintage car tours (we did the Hawkes Bay Express Train - delightful!) however, we spent the afternoon in the area and saw many vintage cars - many are parked across from the i-Site Visitor Centre where are ship shuttle (Regatta) dropped us off. Our observation is that 4 in the rear seat looked somewhat tight; it was a warm day, so not sure if 4 together was ideal. p.s. you will need lots of sunscreen as most vintage cars we saw were convertibles.
  16. We loved Napier and started our day with the Hawkes Bay Express (https://www.hbexpress.co.nz) and throughly enjoyed it - the train takes you all over Napier. The conductor/guide, Will is fabulous and full of information and great humour. Relaxing introduction to this beautiful part of NZ. The train was on the pier when we disembarked our ship - can't get more convenient and you had the option to be dropped off in town at the end which we did. Believe they only do ship shore excursions which keeps them busy. Afterwards, we walked the quaint town, had coffee and then went to the National Aquarium as we had booked 'Encounter with the Little Penguins' which was amazing!
  17. We really enjoyed Hobbiton and had a wonderful private tour with Judy of https://www.cjaystourgroup.co.nz last week. She can modify your trip to meet your needs and highly recommend her.
  18. We visited these ports this month with Oceania Regatta and agree with possum52 with the following additions: Napier - complimentary shuttles to/from the i-Site Visitor Centre (right across from main street) and a second stop at the National Aquarium which is approximately 15 mins walk from i-Site; beautiful seaside promenade to walk joins both shuttle stops. Wellington - complimentary shuttles were very slow (every 30 mins) when returning to the ship - the 2nd (last) stop close to the Te Papa Museum was full to capacity from the 1st stop so we opted to take a taxi back to the ship as we had already waited 30 mins for the full bus; taxi was 10 mins drive to to Port gate where you then take a complimentary Port drive to your ship 5 mins away. Tauranga - ship docked very close to town; it was approximately 10 mins walk to ship from the main street.
  19. We visited Akaroa Farm Tours on a ship excursion last week and it was fantastic. We love the immersive visit and the owner, Murray gave a colourful chat about the farm's history and then his daughter-in-law, Hanna sheared a sheep and we were invited to have our photo taken with her and the sheep. Afterwards, we met the farm's clever sheepdogs and watched how the eager sheepdogs herd sheep down and then back up the mountainside. Finally, we were invited into the farmer's garden patio where his wife, Sue who offered us homemade scones with jam and cream and a cup of tea or coffee - just delightful people. For an authentic tour, we highly recommend them: https://www.akaroafarmtours.com p.s. the Akaroa sail-in and sail-away is truly beautiful!
  20. We cruised the Milford Sound on February 10th and were told that our ship, Regatta was the first ship permitted in after the terrible storm. There was plenty of air traffic in the area. It was a glorious day - amazing scenery!
  21. This past summer, we also booked our tickets online and glad we did as they had a line just for pre-paid tickets which enabled quick access. Not sure if you have seen the notice on line that the Book of Kells will not be on display until March 2020. Quote from https://www.tcd.ie/visitors/book-of-kells/: As part of ongoing conservation plans for the Old Library, the Book of Kells has been removed from public display until March 2020. The Long Room and Book of Kells Exhibition remain open for visitors. During this period ticket prices are reduced by 15%. This will disappoint many however, it is still worthwhile to visit and see The Long Room - beautiful!
  22. Thank you. Assume it is cheaper to purchase an Opal for 3 ferry rides (Manly, Zoo and Darling all from CQ) + 1 bus (Bondi from CQ) than buy single tickets? As well, presume each traveller needs their own card?
  23. We are also going to be in Sydney a few days prior to our cruise and have a few ferry trips planned: Manly Beach Taronga Zoo - believe ferry is approx. 15 mins. from CQ. We have tickets for 'behind the scenes' at 10:15 AM, what time do you suggest we line-up in the CQ queue as not sure how crowded it will be? Is it best to purchase an Opal card for the above ferries? We will also be going to Bondi (either by HOHO or, by Bus 333 from CQ?). Thank you!
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