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EDITORIAL COORDINATOR
Mirkka Rytilahti
editorial
seatec 1/2009
EYE OF THE STORM
The cruise business is looking at some rocky waters ahead. While the
shipyards are booked solid for the next three years or so, orders for
new ships have been put on hold. After all, the industry is especially interesting in the sense that the making of the end-product takes a
PROJECT MANAGER
long time − and the world around it can change many times over dur-
Risto Valkeapää
ing the construction. Still, the cruise lines try to gaze into their crystal
balls and predict the future, at least to some degree.
CONTRIBUTORS
Presently, there are 39 cruise ships in the works around the globe,
Sami J. Anteroinen
Frederik Naumann
the most formidable of these being the Oasis class behemoths under
construction in Turku, Finland.
The Oasis of the Seas, “the world’s most highly-anticipated cruise
GRAPHIC DESIGN
ship ever”, seems to be living up to the hype. For instance, Royal Car-
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ibbean International announced in December 2008 two additional sailCOVER PHOTO
ings for Oasis of the Seas’ inaugural season at the end of the year.
Royal Caribbean International
However, as most of the cruise-goers come from the US or UK −
which have been hit hard by the financial crisis − not that many ex-
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perts predict smooth sails for the industry. According to studies, some
Paul Charpentier
Phone +358 9 6866 2533
Fax
+358 9 685 2940
[email protected]
cruise fans are now waiting until the last possible minute before book-
Risto Valkeapää
Phone +358 9 6866 2532
Fax
+358 9 685 2940
[email protected]
age.
ing; others are saving money by choosing the nearest port as the embarking point, instead of flying off somewhere to start the sea voyCarnival Corporation has acknowledged that for 2009, occupancy
levels for advance bookings are running behind the previous year, with
ticket prices for these bookings also at lower levels. And after 2009,
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there is the dreaded 2010 − and nobody knows how the new decade
PunaMusta Oy, February 2009
will kick off.
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2
seatec 1/2009
The cruise lines will not take the hard times lying down, however. Carnival vows it will get through the turbulence, thanks to strong
cash flow, solid balance sheet, and secure liquidity position. Throw in
things like a low cost structure, and suddenly the outlook doesn’t look
all that bad.
Royal Caribbean, on the other hand, is eager to use the new situation to conquer new markets. With an unprecedented 22 ships sailing in Europe in 2009, RCCL is clearly serious about winning the hearts,
minds and wallets of the Europeans.
Strategically speaking, RCCL maintains that the international markets show the greatest growth potential, with Europe and the Mediterranean representing ѡ