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News sources report that Royal Caribbean President Adam Goldstein sold 7,855 shares of RCL stock on the open market in a transaction yesterday.
Goldstein’s sold the stock at an average price of $43.22, for a total value of $339,493.10.
He reportedly now directly owns 335,654 shares of Royal Caribbean stock, valued at approximately $14,506,966.
Yesterday
This weekend, the New York Times published an article about the "supersize craze" – the increasingly large cruise ships being built by the major cruise lines which are "worrying safety experts, lawmakers and regulators."
The article quotes my hero- Jim Hall, the chairman of the National Transportation Safety Board (NTBS): “Cruise ships operate in a
Last month, the Sun Sentinel reported that Carnival’s earnings "continue to be hurt by a series of embarrassing mishaps and softened demand for certain cruises that has kept fares low." The world’s largest cruise operator reported a 30 percent drop in third-quarter profits.
Critics have attributed Carnival’s woes to damage to its namesake cruise line’s
Cruise line loyalty to employees seems like it’s at an all-time low.
Yesterday we reported that Carnival Cruise Lines unceremoniously ended its retirement benefit program for its crew members on its 24 cruise ships, leaving them feeling shocked and betrayed.
There is always a cheaper way of doing things, isn’t there?
It seems like many
International news sources are reporting that remains located at the ship wreck of the Costa Concordia are of an Italian woman, an Italian prosecutor said.
"The human remains belong to Maria Grazia Trecarichi," prosecutor Francesco Verusio said.
Newspapers quote Trecarichi’s widower Elio Vincenzi saying:
"I have learned from the press that the remains belong to
A reader of cruise expert Professor Ross Klein’s website raised an interesting question why a AIS chart of the Thomson Dream cruise ship (via marinetraffic.com) showed the ship sailing in a weird pattern.
The experts I have discussed this with don’t think that the pattern resembles one to be taken if the ship were conducting a
Cruise Law News from time to time will feature a comment to our articles by one of our readers.
Comments by crew members are often poignant. The cruise industry’s current state of affairs places tremendous pressure on ship employees from Carnival, Royal Caribbean and other cruise lines. Hours are longer notwithstanding the lofty goals of
It’s hard to develop a reputation worse than Carnival Cruise Lines these days but a lawyer in Houston may have accomplished that feat.
According to the Houston Chronicle, Houston lawyer John Bruster Loyd filed a lawsuit against Carnival Cruise Lines on behalf of a couple in Texas.
He alleged that they had been
A local news station in Broward County reports that the U.S. Coast Guard has medevaced a seriously injured passenger from an unidentified Carnival cruise ship today.
The woman, who sustained injuries to both of her legs, was hoisted onto a Coast Guard helicopter and flown to St. Mary’s Medical Center in West Palm Beach.
The news
A news station in Norfolk Virginia reports that the U.S. Coast Guard medevaced an ill passengers from a Carnival cruise ship near Norfolk to a local hospital today.
The news station states that this morning at around 10:45 A.M., the Carnival Splendor cruise ship contacted the Coast Guard regarding a 57-year-old woman who required medical
Cruise Law News has received inquiries from several Carnival Cruise Lines crew members complaining that the cruise line recently terminated the retirement benefits for crew members.
Like many other cruise lines, Carnival Cruise Lines previously offered a small retirement benefit which crew members were eligible to receive for working a number of years of uninterrupted
A federal judge denied Carnival Cruise Lines’ motion to punish a teenager who admitted that she lied when claiming that the cruise ship’s security personnel forced her to remove her tampon in a search for marijuana.
Courthouse News Service reports that one of Carnival’s security officers noticed that a 17-year-old passenger on Sensation cruise
This week several people died during cruises on ships owned by Carnival Corporation. A young seafarer died on the Carnival-owned Cunard Queen Victoria cruise ship. A crew member from the Carnival Conquest was crushed to death at the port of New Orleans. And most tragically, a 6 year-old boy needlessly drowned on the Carnival
The Times Picayune on line newspaper reports that a Carnival Cruise Line crew member died today while the Carnival Conquest cruise ship was at port in New Orleans.
The accident occurred while the crew member was using a operating a "man lift" (also called a "cherry picker") which raises workers up the exterior of the
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Inside Edition aired a program about a 29 year old woman "Sarah" who sailed on the Carnival Destiny to celebrate her 30th birthday. After too much drinking, she fell from the balcony into the water.
Despite the pleas of her cabin mate and another passenger, the captain sailed on. It took an hour and a
WWLP reports that the Coast Guard rescued an ill 67-year-old man from the cruise ship Queen Mary II, 47 miles south of Nantucket, Massachusetts.
The cruise ship contacted the Coast Guard, requesting assistance for a passenger suffering from severe bleeding.
A MH-60 Jayhawk helicopter was sent with a rescue crew to medically evacuate the passenger.
Last week I wrote a short article about the difficult working condition on the Royal Princess: Extreme Work Load & Grueling Hours Exhaust Royal Princess Crew Members. It was a short article but it struck a nerve with crew members. Over 950 readers have liked, shared or tweeted the article so far.
Today we received
The Daily Echo reports that a Cunard crew member died during a Mediterranean cruise on the Queen Victoria cruise ship.
The newspaper quotes a Cunard spokesman saying: “We can confirm the very sad news that one of our crew members on Queen Victoria died last night. We are providing support to his family back home
