There were two news stories this past week which prove that the maxim “rich cruise tycoons get richer” remains true while the debt-strapped cruise industry continues to struggle. Business Insider reported that Royal Caribbean Cruises, Ltd. CEO Jason Liberty collected $10,760,000 last year. Meanwhile, crew members on Royal Caribbean cruise ships made a median annual

Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings, received compensation in the staggering amount of $36,400,000 in 2020, consisting primarily of nearly $18,000,000 in stock awards, according to a recent Security and Exchange Commission (SEC) filing. The news was initially reported by the cruise trade publication Cruise Industry News.

CEO Del

Reducing the occupancy of ships once the industry is permitted to return to sailing is an integral first step toward combating the spread of COVID-19. But fewer passengers means fewer cruises fares sold. And most significantly, reduced occupancy means reduced onboard revenue from alcohol sales, casinos, gift shops, specialty restaurants and shore excursions. I have

Royal Caribbean Cruises and Norwegian Cruise Line recently announced that they hired a panel of former public health officials to advise the cruise lines regarding how to safely return to cruise operations. Royal Caribbean CEO Richard Fain and Norwegian Cruise Line Holdings CEO Frank Del Rio announced that they created the “Healthy Sail Panel” to

President Trump announced a list of “Great American Economic Revival” industry groups at the coronavirus briefing on Tuesday. He said that the groups will advise the White House on reopening the economy after the shutdown necessitated by the COVID-19 pandemic.

The Great American Economic Revival Cruise Industry Group

This week the White House has

The Sun Sentinel recently published an article, the Top 10 Highest-Paid CEOs in South Florida. Included in the top ten  list, are three cruise executives: Norwegian Cruise Line Holding’s Frank Del Rio, Royal Caribbean Cruises’ Richard Fain, and Carnival Corporation’s Arnold Donald.

#1: Norwegian Cruise Line Holding’s Frank Del Rio:

The highest paid cruise

NCL Holdings president and CEO Frank Dek Rio rang the bell this morning at the New York Stock Exchange in celebration of the five year anniversary of NCL’s listing. Del Rio was later interviewed by CNBC when he was asked about cyclone Grayson, often called the “bomb cyclone” storm, which terrorized the passengers aboard the