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

Over 14 years ago, I was interviewed by Linda Coffman who has a very nice and exceedingly polite blog called
Perhaps the idyllic and carefree perception of cruise vacations is as much to blame as anything for passenger discontent when the slightest out-of-the-ordinary incident crops up. Cruise lines tout their products as ‘simply the best’ and ‘like no other vacation on earth.’ Are they telling the truth? Absolutely. It’s true–the worst day on a cruise is better than any day on land. Unless, of course, your ship is on fire, the plumbing doesn’t work, or you’re dead in the water with a tropical storm fast approaching.
Maritime Law Association and serves on the Admiralty Law Committee of the Florida Bar. In addition to having the unique perspective of representing both cruise lines and passengers, he has handled cases for clients throughout the United States, Canada, Europe, and South America.
Take the fire aboard the Tropicale. Despite wide spread media coverage, few major news organizations reported the Tropicale’s prior problems which could be traced back to 1982 when a fire broke out during its inaugural cruise.
After each incident of this type, the cruise lines immediately offer a reimbursement of some type and, perhaps, a free cruise. Inevitably, the story becomes old and everyone – including the cruise line – forgets about what happened, until the next collision, fire, or other mishap occurs.
Of course, the debate of a “free cruise or not” ignores the real issue of passenger safety. The important question is whether the cruise industry is devoting adequate financial resources to make their fleet as safe as possible for families and their children. Things like state of the art sprinkler systems, sophisticated security monitoring, and vigorous background checks on their employees.
line’s legal responsibility. An example would be when cruise lines change the itinerary and the passengers miss a popular port.
seems reasonable enough. But even if the cruise lines is negligent, there is a $100 limit of liability for lost valuables, and a $500 limit if the valuables are deposited in a safe-deposit box in the purser’s office and then lost or stolen.
The
Several newspapers are reporting that a cruise ship passenger died during a snorkeling excursion while visiting the Caribbean island of Dominica.
Last month, two cruise ships from Miami-based cruise lines arrived in New Orleans. NCL’s Norwegian Star, with capacity for around 2,300 passengers, transitioned to the "Big Easy" and relieved the Norwegian Spirit which had been home-ported there.
The lawyers here at Cruise Law are traveling again to Jamaica. We will be visiting our clients to see how they are doing. We will also make ourselves available to meet with any crew members (or their family members) who need to learn about the legal rights of cruise ship employees if they become ill or
A passenger aboard the Royal Caribbean Adventure of the Seas cruise ship states that an engine room fire broke out ten days ago.
One of the web sites which I read from time to time is "
There is a nice article in the West Australia newspaper about a elderly cruise passenger who had the misfortune of falling on a cruise ship.