Meyer Predicts Recovery Is A Long Way Off
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Never before has the complete cruise fleet of over 400 ships stopped operating
Meyer predicts recovery is a long way off and he thinks that it will be 2030 before his portion of the cruise industry that's the News Shipbuilding market comes close to equaling what they did last year
Only 50% to 75% of the global cruise fleet will resume operations by the year end
I'm mightily afraid that you know we're not going to be cruising at least until the fall if then
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--~-- Meyer Predicts Recovery Is A Long Way Off. Shipyard owner Bernard Meyer, of Meyer Werft, called the current COVID19 crisis 'completely different' from challenges like the 1973 oil crisis, 9/11 and the 2008/09 financial crisis. 'Never before has the complete cruise fleet with over 400 ships stopped operating,' he said. Meyer predicts recovery is a long way off — he thinks it will be 2030 before the cruise shipbuilding market equals that of last year. Citing market observers, Meyer Werft Managing Director Thomas Weigend said only 50 percent to 75 percent of the global cruise fleet would resume operations by year's end, resulting in massive losses for the cruise lines in 2020. If everything goes well, that would be followed by break-even results in 2021 and profits not returning until 2022. 'Thus, new orders for cruise ships are not to be expected until 2023 or 2024,' Weigend said. Travel and Cruise Industry News, April 18, 2020. Also, three cruise executives have been appointed to President Trumps economic recovery team. Thanks for visiting this channel. https://bit.ly/chilliescruises To subscribe, go here: http://bit.ly/chi-fal As always, I appreciate super chats or any other donation to support my channel. For your convenience, please visit: https://paypal.me/chillie9264?locale.x=en_US For your special needs, contact me or Scootaround, https://www.scootaround.com/mobility-rentals, 1.888.441.7575. Use SRN 11137. Special Needs Cruising: https://youtu.be/DWR5kNM2x_g For your special needs, contact me or Scootaround, https://www.scootaround.com/mobility-rentals, 1.888.441.7575. Use SRN 11137. Special Needs Cruising: https://youtu.be/DWR5kNM2x_g To search for excursions worldwide, go here: https://www.partner.viator.com/en/81039 Check out my streaming partner: https://streamyard.com?pal=4889083533852672 YouTube: https://bit.ly/chilliescruises Facebook: https://www.facebook.com/chillie.falls Chillies Cruises FB Page: https://www.facebook.com/pg/chilliescruises/posts/ Twitter: https://twitter.com/ChillieFalls Pinterest: https://www.pinterest.com/chilliefalls/ Business Email: chilliefalls@gmail.com Disclaimer: This video description contains affiliate links. Meaning, if you click on one of the product links, we may receive a small commission. This help supports our channel and enables us to continue to making videos for you to watch. Thank you for the support!