Cruise Line Files for Bankruptcy, All Sailings Cancelled

Editorial Summary

Doug Parker reports on several significant developments within the cruise industry for February 21st. The primary news involves American Queen Voyages, formerly known as American Queen Seabourn Boat Company, which has filed for bankruptcy and ceased all operations as of February 20th. The company has cancelled all future voyages across its fleet of seven ships, citing unforeseen business circumstances and difficulties in obtaining sufficient capital. The business is currently listed for sale, and the line has directed passengers to a specific website to begin the refund process. In other news, Celebrity Cruises has updated its policy regarding the Solarium. On select cold weather cruises to destinations such as Alaska, the Baltics, and Antarctica, the adults only pool area will now welcome guests aged 16 and under during specific daily hours from 5:00 p.m. to 7:00 p.m. Additionally, Port Miami is planning to expand Royal Caribbean's Terminal G to accommodate Icon class ships. If approved, the project involves demolishing the existing terminal to build a facility capable of handling over 7,000 guests, with construction slated to begin next October and an opening date in 2027. Finally, the report notes that cruise line stocks for Carnival Corporation, Royal Caribbean, and Norwegian all saw declines on Tuesday.

Written by TripBacon from this video's transcript.