Miami, Florida-based Royal Caribbean Cruises Ltd. is pulling out of Latin America amid worries that the region is weakening in terms of market share values.
The company released its fourth quarter earnings, revealing a net income of $228.8 million or $1.03 per share, down from $490.2 million or $2.19 per share during the same period last year. Royal Caribbean chief financial officer Jason Liberty, who noted that Latin America consists of 10% of the company’s business, said that “these economies are lackluster at best,” with Brazil “becom[ing] problematic.”
Royal Caribbean is optimistic that China, which is currently its third-largest market, will jump up to its second-largest market in 2016 behind North America.
Fellow Florida-based Carnival Cruise Lines also has its eye on China, according to an October 13 announcement that it will launch its Carnival Cruise and AIDA Cruises brands there by 2017, increasing its exposure to the region by 58%.
While these recent announcements indicate potential growth in the cruise ship market, these companies are frequently set back by major outbreaks of illness, injuries, and wrecks that cause harm to their passengers. If you have been the victim of such an incident, the attorneys at Louis A. Vucci, P.A., want you to understand that you have rights when it comes to recovering compensation for your suffering. Call us at (786) 375-0344 to discuss your legal options today.
Royal Caribbean International began construction on a new state-of-the-art Quantum-class cruise ship, dubbed Ovation of the Seas and made official through a steel-cutting ceremony at the Meyer Werft shipyard in Papenburg, Germany on September 22, Ship Technology reported.
In addition to highly innovative features like dancing Roboscreens, robotic bartenders, a skydiving facility, and an indoor sports arena, the massive ship will also feature a giant mechanical arm that can lift guests contained in see-through capsules into the sky. Not only will this machine likely offer a magnificent view, the ship’s never-ending list of features and entertainment options create a wildly inventive vacation spot.
All of these features, however, do not fail to hide that cruise ships can be seriously dangerous spots for an accident to occur, as it is geographically isolated and may not contain sufficiently trained medical personnel. If you have suffered any sort of injury or harm on a cruise ship, you may be entitled to seek financial compensation for any expenses or suffering incurred. Call Louis A. Vucci, P.A., today at (786) 375-0344 to learn about your legal options for recourse.
Explorer of the Seas, a Royal Caribbean International ship, was scheduled to sail for 10 days. However, after more than 600 passengers became ill from norovirus, the cruise line decided to return to the port two days earlier than scheduled.
The Centers for Disease Control and Prevention’s Bernadette Burden confirmed the number of the affected passengers on the ship, stating that around 577 of the 3,050 passengers and 49 of 1,165 crew members were suffering from vomiting and diarrhea while on the cruise.
Royal Caribbean said in a statement that the outbreak has led the cruise ship to be “unable to deliver the vacation our guests were expecting.”
The ship took to the seas on Tuesday, January 21 from Cape Liberty, New Jersey, and made it to the Caribbean, before returning to home port on Wednesday, January 22.
Our lawyers at the Louis A. Vucci, P.A., have experience helping passengers of cruise ships that have suffered from norovirus outbreaks. To find out more about pursuing financial compensation for suffering experienced as a result of a cruise line’s negligence, call (786) 375-0344.