An article by Cruise Critic titled No More Free Breakfasts caught my eye today.
Cruise Critic says that Royal Caribbean is adding a $10 surcharge for kids and parents to dine with the cruise line’s DreamWorks characters at breakfast on the Oasis, Allure, Freedom, Liberty, Voyager, and Mariner of the Seas.
According to Cruise
Reuters reports that Royal Caribbean’s CEO Richard Fain recently sold 94,850 shares at average price of $62.38 for a total value of $5,916,743.00; and exercised options for 51,143 shares at $7.27 per share for a total value of $3,190,300.00.
CEO Fain holds over a million shares of his cruise line’s stock. Reuters says he holds
International soccer star David Beckham plans to build a soccer stadium at the Port of Miami with the dramatic vista of downtown Miami in the background. But the Chairman of Royal Caribbean Cruises is doing everything possible to block Beckham’s plans.
In an interview with television station Local 10, cruise executive Richard Fain says that
This week I have read a couple of articles about the Cruise Lines International Association’s (CLIA) "Cruise 3 Sixty" conference in Fort Lauderdale. I read an article in the Sun Sentinel (Cruise Execs Talk About Industry’s Future) and an article in Travel Weekly (CEOs Say Cruise Lines Must Wow Travelers).
CLIA’s Christine Duffy
With the norovirus controversy swirling around the Explorer of the Seas, Royal Caribbean cruise line executive Richard Fain appeared on a CNBC financial program today with host Simon Hobbs. Chairman Fain was discussing the fourth quarter 2013 profits when the issue came up of the over 600 sick passengers and crew.
Mr. Fain seemed
Yesterday, I wrote a short article about Royal Caribbean President Adam Goldstein selling 2,181 shares of RCL cruise stock earlier this week at an average price of $36.80, for a total value of $80,260.80. Cruise executives buying and selling their company’s own stock is interesting to me as an indicator into their true thoughts about
The Daily Political reports that Royal Caribbean President Adam Goldstein (left) unloaded 2,181 shares of RCL cruise stock yesterday at an average price of $36.80, for a total value of $80,260.80.
Goldstein still owns 335,654 shares of the company’s stock worth over $12,350,000.
A number of research firms have recently commented on RCL’s stock value. One
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Cruise lines hate U.S. governmental scrutiny of their business operations.
The whole purpose of incorporating their businesses and flagging their cruise ships in foreign countries is to avoid U.S. taxes and the scrutiny of federal regulators. This business model permits the cruise lines to pay virtually no U.S. taxes and to avoid U.S. wage, labor
The Associated Press reports that cruise giant Royal Caribbean lost $392.8 million in the fourth quarter because of losses associated with its Spanish cruise line, Pullmantur.
The AP states that Royal Caribbean wrote down $413,900,000 due to a substantial drop in bookings and prices in Spain following the Spanish government’s austerity measures. Royal Caribbean also
Barron’s reports that Royal Caribbean Cruises’ top executive recently bailed out on a large block of cruise line stock just before the cruise line’s shares touched a new 52-week intra-day high.
On December 13th Chairman and Chief Executive Officer Richard Fain sold 143,140 shares of RCL stock for $4,964,095, an average of $34.68 each. Barron’s says
Do you know this former Royal Caribbean crew member?
He’s on the U.S. Environmental Protection Agency (EPA)’s "Most Wanted" List. Here’s the story:
In 1993, Michael Evangelos Psomadakis was the chief engineer aboard RCCL’s Nordic Empress cruise ship which routinely discharged oil into the water. But the Nordic Empress was no island to itself. RCCL’s
The maritime lawyers here in Miami have been in a state of outrage following a recent decision from an appellate court in the Estate of Tore Myhra v. Royal Caribbean Cruises, Ltd., Case No. 10-15840 (11th Cir. Sept. 21, 2011).
This case addressed the issue of whether a cruise line could legally enforce
Yesterday was one of the stranger days in the weird world of cruising.
Royal Caribbean reported a 40% drop in net income for the first quarter of this year. Its net income was $47 million, down from $78.4 million a year earlier. Royal Caribbean’s CEO Richard Fain attributed the decline in net income on the Costa
A third class action lawsuit has been filed against Royal Caribbean Cruises seeking class action certification for what is alleged to be fraudulent conduct by the cruise line and executives Richard Fain, Brian Rice, and Henry Pujol.
The law suit was filed by the law firm of Kessler Topaz Meltzer & Check in Pennsylvania.
We reported on the first two
Two stock fraud lawsuits recently filed against Royal Caribbean Cruises have placed the cruise line’s corporate ethics under the microscope.
In the case of Todd Roth v. Royal Caribbean Cruises, Ltd, Richard D. Fain, Brian J. Rice, and Henry L. Pujol, United States District Court, Southern District of Florida, Case No. 22783 – MSC, a stockholder alleges that
In a proxy filing with the Securities and Exchange Commission, Royal Caribbean Cruises disclosed that its 2010 compensation paid to CEO Richard Fain (photo left) increased almost 60% to $8,600,000. Royal Caribbean increased the compensation paid to the company’s four other named executives from 18.5% to almost 50%. The largest compensation increase of the four executives went to Adam Goldstein (photo right), the president of
The Miami Herald published an article on Friday entitled "New School, New Hope for Young Haitians" about Royal Caribbean Cruises building a new school in Labadee on the 260 acres which it leases from the Haitian government.
The article points out that the new 6,500-square-foot campus consists of six buildings, twelve classrooms, administrative offices and a
The Washington Post has published an article about the new Cruise Security and Safety Act, written by veteran travel writer Christopher Eliott. Mr. Elliott is a a travel consultant for MSNBC and a writer for National Geographic Traveler magazine and for the Consumer Travel Alliance.
The article was originally entitled " A Long Way To Go To Ensure
