Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL
Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or
the “Company”) today announced it has partnered with Miami-Dade
County to make its new state-of-the-art Cruise Terminal B, the
Pearl of Miami, and certain homeported vessels
"Shore-Power Ready" by fall 2023.
The new facility, the Pearl of Miami, can
accommodate cruise vessels carrying up to 5,000 cruise passengers.
The terminal was designed with sustainability at the forefront and
was constructed to LEED Gold standards for optimizing energy, water
efficiency, air quality, and utilization of local materials and
resources. In addition, approximately 90% of all subcontractors,
vendors and suppliers were local to the region, reducing the carbon
footprint of the project and encouraging local economic growth. The
new terminal will be fitted to service Norwegian Cruise Line,
Oceania Cruises, and Regent Seven Seas Cruises’ shore-power capable
vessels.
Today’s announcement follows the Company’s
recent launch of its redesigned global sustainability program, Sail
& Sustain. As part of this program, the Company also recently
unveiled its long-term climate action strategy and goal to reach
carbon neutrality through reducing carbon intensity, identifying
and investing in technology including exploring alternative fuels
and implementing a voluntary carbon offset program. As part of its
commitment to a more sustainable world, the Company is purchasing
high quality, verified carbon credits to offset three million
metric tons of carbon dioxide equivalent (MTCO2e) and help bridge
the gap in its decarbonization efforts until new technology becomes
available.
“I am so proud that Norwegian is reiterating its
commitment to our efforts to make PortMiami Shore-Power Ready by
2023,” said Miami-Dade County Mayor Daniella Levine Cava. “The
incredible work of the PortMiami team and Norwegian Cruise Line
Holdings will ensure that PortMiami is a leader in shaping a more
sustainable cruise industry. We look forward to working with all
partners to reduce emissions and make the Cruise Capital of the
World more resilient, as part of our county's aggressive efforts to
cut our carbon footprint and mitigate the impacts of climate
change.”
“Climate action is one of the key focus areas of
our global sustainability program, Sail & Sustain, and
partnering with Miami-Dade County to bring shore-power capabilities
to our new state-of-the-art terminal at PortMiami aligns with our
long-term climate action strategy,” said Frank Del Rio, president
and chief executive officer of Norwegian Cruise Line Holdings Ltd.
“We are committed to driving a positive impact on society and the
environment as demonstrated by not only this partnership to bring
shore-power to the Cruise Capital of the World but also the design
of our newly developed, award-winning cruise terminal at PortMiami
which was constructed to LEED gold standards.”
In February, Mayor Levine Cava launched an
initiative to bring shore-power to PortMiami, collaborating with
Miami-Dade's major cruise line partners. Since then, the
Environmental Protection Agency's Diesel Emissions Reduction Act
announced a $2 million grant allocation for the first phase. Such
phase will transform the power levels at PortMiami from the
electrical grid to cable management systems for the heavy plugs and
outlets on the vessels. This system requires all parties to
implement improvements to the electrical grid and supply lines,
equipment on the pier, and shore-to-ship connection on the
vessel.
About
Norwegian Cruise Line Holdings
Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 28 ships with approximately 60,000 berths,
these brands offer itineraries to more than 490 destinations
worldwide. The Company has nine additional ships scheduled for
delivery through 2027, comprising approximately 24,000 berths.
About Sail
& Sustain
Sail & Sustain is Norwegian Cruise Line
Holdings’ global sustainability program centered around its
commitment to drive a positive impact on society and the
environment while delivering on its vision to be the vacation of
choice for everyone around the world. This program is structured
around five pillars developed through cross-functional
collaboration with key internal and external stakeholders. The
pillars include: Reducing Environmental Impact, Sailing Safely,
Empowering People, Strengthening our Communities and Operating with
Integrity and Accountability.
Cautionary Statement Concerning
Forward-Looking Statements
Some of the statements, estimates or projections
contained in this release are “forward-looking statements” within
the meaning of the U.S. federal securities laws intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical facts contained in this release,
including, without limitation, those regarding our business
strategy, financial position, results of operations, plans,
prospects, actions taken or strategies being considered with
respect to our liquidity position, valuation and appraisals of our
assets and objectives of management for future operations
(including those regarding our expectations, plans or goals for our
sustainability program and decarbonization efforts, expected fleet
additions, our suspension of certain cruise voyages, our ability to
weather the impacts of the COVID-19 pandemic, our expectations
regarding the resumption of cruise voyages and the timing for such
resumption of cruise voyages, the implementation of and
effectiveness of our health and safety protocols, operational
position, demand for voyages, financing opportunities and
extensions, and future cost mitigation and cash conservation
efforts and efforts to reduce operating expenses and capital
expenditures) are forward-looking statements. Many, but not all, of
these statements can be found by looking for words like “expect,”
“anticipate,” “goal,” “strategy,” “project,” “plan,” “believe,”
“seek,” “will,” “may,” “forecast,” “estimate,” “intend,” “future”
and similar words. Forward-looking statements do not guarantee
future performance and may involve risks, uncertainties and other
factors which could cause our actual results, performance or
achievements to differ materially from the future results,
performance or achievements expressed or implied in those
forward-looking statements. Examples of these risks, uncertainties
and other factors include, but are not limited to the impact of:
the spread of epidemics, pandemics and viral outbreaks and
specifically, the COVID-19 pandemic, including its effect on the
ability or desire of people to travel (including on cruises), which
are expected to continue to adversely impact our results,
operations, outlook, plans, goals, growth, reputation, cash flows,
liquidity, demand for voyages and share price; our ability to
comply with the U.S. Centers for Disease Control and Prevention’s
(“CDC”) Framework for Conditional Sailing Order and any additional
or future regulatory restrictions on our operations and to
otherwise develop enhanced health and safety protocols to adapt to
the pandemic’s unique challenges once operations resume and to
otherwise safely resume our operations when conditions allow;
legislation prohibiting companies from verifying vaccination
status; coordination and cooperation with the CDC, the federal
government and global public health authorities to take precautions
to protect the health, safety and security of guests, crew and the
communities visited and the implementation of any such precautions;
our ability to work with lenders and others or otherwise pursue
options to defer, renegotiate or refinance our existing debt
profile, near-term debt amortization, newbuild related payments and
other obligations and to work with credit card processors to
satisfy current or potential future demands for collateral on cash
advanced from customers relating to future cruises; our need for
additional financing, which may not be available on favorable
terms, or at all, and may be dilutive to existing shareholders; our
indebtedness and restrictions in the agreements governing our
indebtedness that require us to maintain minimum levels of
liquidity and otherwise limit our flexibility in operating our
business, including the significant portion of assets that are
collateral under these agreements; the accuracy of any appraisals
of our assets as a result of the impact of the COVID-19 pandemic or
otherwise; our success in reducing operating expenses and capital
expenditures and the impact of any such reductions; our guests’
election to take cash refunds in lieu of future cruise credits or
the continuation of any trends relating to such election; trends
in, or changes to, future bookings and our ability to take future
reservations and receive deposits related thereto; the
unavailability of ports of call; future increases in the price of,
or major changes or reduction in, commercial airline services;
adverse events impacting the security of travel, such as terrorist
acts, armed conflict and threats thereof, acts of piracy, and other
international events; adverse incidents involving cruise ships;
adverse general economic and related factors, such as fluctuating
or increasing levels of unemployment, underemployment and the
volatility of fuel prices, declines in the securities and real
estate markets, and perceptions of these conditions that decrease
the level of disposable income of consumers or consumer confidence;
any further impairment of our trademarks, trade names or goodwill;
breaches in data security or other disturbances to our information
technology and other networks or our actual or perceived failure to
comply with requirements regarding data privacy and protection;
changes in fuel prices and the type of fuel we are permitted to use
and/or other cruise operating costs; mechanical malfunctions and
repairs, delays in our shipbuilding program, maintenance and
refurbishments and the consolidation of qualified shipyard
facilities; the risks and increased costs associated with operating
internationally; fluctuations in foreign currency exchange rates;
overcapacity in key markets or globally; our expansion into and
investments in new markets; our inability to obtain adequate
insurance coverage; pending or threatened litigation,
investigations and enforcement actions; volatility and disruptions
in the global credit and financial markets, which may adversely
affect our ability to borrow and could increase our counterparty
credit risks, including those under our credit facilities,
derivatives, contingent obligations, insurance contracts and new
ship progress payment guarantees; our inability to recruit or
retain qualified personnel or the loss of key personnel or employee
relations issues; our reliance on third parties to provide hotel
management services for certain ships and certain other services;
our inability to keep pace with developments in technology; changes
involving the tax and environmental regulatory regimes in which we
operate; and other factors set forth under “Risk Factors” in our
most recently filed Annual Report on Form 10-K, Quarterly Report on
Form 10-Q and subsequent filings with the Securities and Exchange
Commission. Additionally, many of these risks and uncertainties are
currently amplified by and will continue to be amplified by, or in
the future may be amplified by, the COVID-19 pandemic. It is not
possible to predict or identify all such risks. There may be
additional risks that we consider immaterial or which are unknown.
The above examples are not exhaustive and new risks emerge from
time to time. Such forward-looking statements are based on our
current beliefs, assumptions, expectations, estimates and
projections regarding our present and future business strategies
and the environment in which we expect to operate in the future.
These forward-looking statements speak only as of the date made. We
expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in our expectations with
regard thereto or any change of events, conditions or circumstances
on which any such statement was based, except as required by
law.
Investor Relations & Media Contact
Andrea DeMarco(305) 468-2339InvestorRelations@nclcorp.com
Jessica John(786) 913-2902
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