$385 Million Cruise Ship For Sale After Company Goes Broke

Editorial Summary

Doug Parker reports on several developments within the cruise industry, beginning with the auction of the Explorer's 1. Formerly known as the Silver Explorer and operated by Silversea Cruises, the expedition vessel is being sold through a French court ordered process following the liquidation of its previous owner, Explorer's. The ship is designed for polar cruising and accommodates 144 guests, though a starting bid has not been released. In travel alerts, Carnival Cruise Line has advised passengers on the Carnival Conquest and Carnival Horizon to prepare for delays at Port Miami. A planned 5K race near the port is expected to cause road closures and heavy traffic during embarkation. Additionally, the Port of Galveston has received over 8 million dollars in grant funding to enhance safety and traffic flow. These funds will support roadway upgrades and studies for a potential flyover to accommodate the nearly 2 million passengers expected this year. Finally, the report notes a decline in cruise stocks, with Carnival Corporation, Royal Caribbean, Norwegian, and Viking all seeing decreases in their market value.

Written by TripBacon from this video's transcript.