Royal Caribbean Ship Cancels Port Stop Over Propulsion Issue

Editorial Summary

Doug Parker reports on several developments within the cruise industry for May 27. Royal Caribbean has canceled a scheduled stop in Falmouth, Jamaica, for the Allure of the Seas due to a technical problem with one of its propulsion systems. This issue has forced the vessel to operate at a reduced speed, resulting in an extra day in Nassau, Bahamas, for passengers. The cruise line is providing automatic onboard credit refunds between $100 and $200 to guests based on their stateroom category. Despite the change, the ship is expected to return to Port Everglades on its original schedule. In other news, the residential cruise company Storyline has secured a $500 million bank guarantee to assist in reviving plans for the MV Narrative. The company is currently undergoing a restructuring process to secure funding and address customer refunds while exploring a second shipyard as a backup. Additionally, the Carnival Magic has returned to service in Miami following a 35 day dry dock in the Bahamas. The refurbishment included various upgrades to the casino, pool decks, and retail spaces, as well as the introduction of new branding. Finally, the report notes that cruise line stocks saw an upward trend on Tuesday, with gains reported for Carnival Corporation, Royal Caribbean, Norwegian, and Viking.

Written by TripBacon from this video's transcript.