Shortly after the new year, Royal Caribbean will again increase the automatic gratuities which it charges its passengers. Royal Caribbean will hike the automatic gratuities which it adds onto its guests’ accounts (by more than 7%) to $14.50 per person, per day. Passengers who stay in suites will pay even more, $17.50 per person, per
Former NCL Cruise Executives Square Off in Trial in Miami-Dade Courthouse: But What About the Dead Filipino Crew Members?
Former Norwegian Cruise Line ("NCL") CEO Colin Veitch’s trial against his successor, Kevin Sheehan, and their old cruise line, NCL, for defamation and breach of contract has been underway in the Miami-Dade County courthouse, here in Miami, Florida this past week.
Veitch worked at the helm of NCL from 2000 to 2008. According to Travel
RCCL Chairman Richard Fain Cashed Stock Worth Around $2,500,000
Royal Caribbean top executive Richard Fain reportedly sold 20,000 shares of Royal Caribbean (RCL) stock this week for a total amount of approximately $2,500,000.
In a transaction this past Monday, November 13th, he sold his shares at an an average price of $123.76, for a total value of $2,475,200.00. CEO Fain officer reportedly now owns 895,416 shares
COO Goldstein Sells Over $14,000,000 in Royal Caribbean Stock
Royal Caribbean President and Chief Operating Officer (COO) Adam Goldstein (photo, to the right) sold 120,000 shares of his company’s cruise stock on August 2 and 3, 2017. The stock was sold at an average price of $118.21 for a total sale of $14,185,200.00, according to the SEC.
This follows the sale of RCL
CEO Fain Rakes In Over $24,000,000 In Sale Of RCCL Stock
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Royal Caribbean chief executive officer Richard D. Fain sold 210,706 shares of his cruise line stock in a transaction on Wednesday, August 2, 2017 at an average price of $115.83, for a total value of $24,406,075.98.
Mr. Fain was last in the news in April when a filing with the Securities and Exchange Commission
CEO Compensation: The Rich Get Richer
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Royal Caribbean CEO Richard D. Fain’s reportedly collected total compensation last year in the amount of $10,400,000 (million) compared to his total compensation in 2015 of $9,400,000 (million), according to a recent filing with the Securities and Exchange Commission.
CEO Fain recently sold 20,000 shares of Royal Caribbean stock. The RCL stock was sold
Is Too Much Ever Enough? NCL to Gouge Customers Again
Travel Weekly and Cruise Critic are reporting that Norwegian Cruise Line (NCL) is raising gratuities on April 1st from $13.50 per person, per day, to $13.99, on all ships except the Norwegian Sky. Daily gratuities for standard cabins on the Norwegian Sky will increase to $18.99 (an increase over 40%).
Travel Weekly says that
Royal Caribbean to Charge Room Service Fee
Two popular cruise blogs, the Royal Caribbean Blog and Cruise Fever, are reporting that Royal Caribbean will soon begin to charge its guests a fee of $7.95 for room service from the All Day Menu and the American Section of the breakfast menu.
Cruise guests reportedly will still be able to order complimentary continental
Cruise CEO’s Cash In Carnival Stock
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Three cruise CEO’s sold their Carnival (CCL) stock a week ago for a combined total of nearly $9,500,000, according to Market Digest.
On December 29,2016, Stein Kruse, the CEO of Holland America Group, Alan Buckelew, the Chief Operations Officer of Carnival Corporation, and David Bernstein, the Chief Financial Officer and Chief Accounting Officer of
Carnival CEO Arnold Donald Extends Contract, Sells Over $4,000,000 of CCL Stock
Cruise Industry News reports that Carnival Corporation recently confirmed in a SEC filing that it had extended CEO Arnold Donald’s employment agreement for an additional year.
You can see the original terms of his three year employment plan filed with the SEC in 2013 here.
Mr. Donald collected $9,373,908 in 2015.
The SEC
CEO Del Rio Buys $3,000,000 Worth of NCLH Stock
The Securities and Exchange Exchange Commission reported this past week that the president & CEO of Norwegian Cruise Line Holdings Ltd ("NCLH"), Frank Del Rio, bought 83,498 shares of NCLH at an average price of $35.94 a share. (Photo below, right, during interview on CNBC).
The transaction took place on on August 31, 2016. The
CEO Richard Fain Profits From RCL Stock Buy
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Yesterday, Royal Caribbean’s Chairman and CEO Richard Fain bought 29,190 shares of RCL stock, in a series of trades for an average of $68.5161 per share, worth nearly $2,000,000, according the to an article in Seatrade and SEC forms.
Today, with the RCL stock up over 6.50% from yesterday’s close, his $2,000,000 worth of shares
The Rich Get Richer – Ex NCL CEO Collects $13,400,000 in Golden Parachute
A couple of days ago, Cruise industry News reported that, according to NCL’s 2015 Annual Report, Kevin Sheehan received a severance package from NCL last year totaling $13,400,000 (million).
Mr. Sheehan resigned unexpectedly in January last year amidst some controversy.
The annual report in question, which you can see here, specified a "a
RCCL to Hire 30,000 Filipino Crew Members Over Next Five Years
The Manila Bulletin reports that Royal Caribbean announced yesterday that it is "hiring a total of 30,000 Filipino crew members over the next five years" as the company "expands its fleet and routes to Asia."
The newspaper also states that the cruise line currently employees around 11,000 Filipinos as crew members.
Filipinos seafarers have a proud
Cruise Executive Goldstein Sells Royal Caribbean Stock for $8.9 Million
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Royal Caribbean Cruises President and Chief Operating Officer (COO) Adam Goldstein sold 90,000 shares of the cruise line’s stock today.
Mr. Goldstein sold the shares at $98.88 per share for a total value of $8,898,804.
Mr.Goldstein last sold RCL stock in July when he sold 4,184 shares at at $91.08 per share for a total
China, China, China.
Every day it seems that there is an article about another cruise line expanding into China.
The Wall Street Journal just reported that cruise lines are posting some of the strongest earnings in history with profits this year for Carnival more than quadrupling. Earnings at Norwegian grew 26% and Royal Caribbean earnings rose 20%. Much of
New CLIA President Makes Quick Exit: What Happened?
The new president of the Cruise Line International Association (CLIA), Thomas Ostebo, unexpectedly left his new job amidst claims by CLIA that he departed for unexplained "personal reasons."
Mr. Ostebo retired from the U.S. Coast Guard as a rear admiral before joining CLIA. He joined CLIA with great fanfare.
CLIA Chairman and president of
Sell Out? Royal Caribbean Executives Sell Stock For Over $14,000,000 After Freedom of the Seas’ Fire
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Yesterday, Royal Caribbean chairman Richard Fain sold 151,032 shares of his cruise line’s stock for $13,650,151 at an average price of $90.40 a share. President and Chief Operating Officer Adam Goldstein sold 4,184 shares at at $91.08 per share for a total value of $381,094.19. Royal Caribbean’s General Counsel and Chief Compliance Officer Bradley Stein sold 2,402 shares