Royal Caribbean Refunds Half Cruise Fare Over Ship Issues

Editorial Summary

Doug Parker reports on several developments within the cruise industry from Long Beach, California. Royal Caribbean's Radiance of the Seas is experiencing propulsion issues that have limited the vessel's maximum cruising speed. These technical difficulties have resulted in the cancellation of scheduled port visits in Astoria and Victoria during a repositioning cruise from Los Angeles to Vancouver. To compensate for these changes, the cruise line is providing impacted passengers with a fifty percent refund of their cruise fare in the form of onboard credit, as well as refunds for prepaid shore excursions. In other news, the Carnival Firenze was christened in Long Beach by actor Jonathan Bennett. This new vessel will begin a seven night Mexican Riviera cruise before transitioning to shorter itineraries. Additionally, Norwegian Cruise Line celebrated the completion of the exterior construction for the Norwegian Aqua. The ship is expected to debut in 2025 and features a ten percent size increase compared to other Prima class ships. The report concludes with a summary of mixed performance for cruise line stocks on Wednesday.

Written by TripBacon from this video's transcript.