Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company” or
“Norwegian”), a leading global cruise company which operates
Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas
Cruises, today announced its partnership with Global Maritime
Forum, a global non-profit organization committed to shaping the
future of global seaborne trade to increase sustainable long-term
economic development and human wellbeing. The new partnership
closely aligns with the Company’s efforts to drive a positive
impact on society and the environment through its global
sustainability program, Sail & Sustain, including its
commitment to pursue net zero greenhouse gas emissions by 2050.
“We are pleased to partner with the Global
Maritime Forum and join its flagship initiative, the Getting to
Zero Coalition, as we believe cross-sector partnership is a
catalyst for innovation and effective change,” said Harry Sommer,
president and chief executive officer of Norwegian Cruise Line
Holdings Ltd. “We look forward to collaborating with other
like-minded and solution-oriented stakeholders on meaningful
initiatives to drive a positive change, strengthen resilience,
accelerate decarbonization efforts and best position the maritime
industry for a bright future ahead.”
Earlier this year, the Company announced short-
and near-term greenhouse gas (“GHG”) targets to support its net
zero by 2050 ambition and its revised climate action strategy which
focuses on three key pillars, Efficiency, Innovation and
Collaboration. The new partnership highlights the Company’s
commitment to the Collaboration pillar as the Company plans to
participate in a variety of initiatives led by Global Maritime
Forum, including the Getting to Zero Coalition. Initially founded
together with the World Economic Forum, Friends of Ocean Action and
the Global Maritime Forum, the Getting to Zero Coalition is a
powerful alliance of more than 200 organizations within the
maritime, energy, infrastructure and finance sectors, committed to
getting commercially viable deep sea zero emission vessels powered
by zero emission fuels into operation by 2030 to support the
industry in its journey towards full decarbonization by 2050. The
Company is also exploring engagement opportunities focused on human
sustainability and inclusion across the industry.
“We are pleased to welcome Norwegian Cruise Line
Holdings as a Global Maritime Forum partner,” said Johannah
Christensen, Chief Executive Officer of Global Maritime Forum. “The
cruise segment is a critical part of the global maritime industry,
and we are confident that Norwegian will bring a diverse
perspective and valuable expertise to our collaborative platform of
maritime leaders.”
Established in 2017, the Global Maritime Forum
has served as a platform for dialogue and collective action,
successfully bringing together influential decision-makers through
its many working groups and workshops. One of the most significant
initiatives led under the auspices of the Global Maritime Forum was
the development of the Poseidon Principles, a framework which
guides financial institutions in integrating climate considerations
into lending decisions in line with the climate-related goals of
the International Maritime Organization. To date, 30 financial
institutions have joined the initiative, representing approximately
$200 billion in loans to international shipping or over 70% of the
global shipping finance portfolio. Since its inception, the Company
has participated and provided data to signatory banks in alignment
to the Poseidon Principles.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is the leading global cruise company that operates Norwegian Cruise
Line, Oceania Cruises and Regent Seven Seas Cruises. With a
combined fleet of 31 ships and more than 65,000 berths, NCLH offers
itineraries to approximately 700 destinations worldwide. NCLH has
six additional ships scheduled for delivery across its three
brands, adding nearly 16,500 berths to its fleet. To learn more,
visit www.nclhltd.com.
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.
About Global Maritime Forum
The Global Maritime Forum is an international not-for-profit
organization working to create a decarbonized maritime industry
that supports sustainable long-term economic development while
being committed to human welfare and dignity. Established in 2017,
the Forum is funded through a combination of grants and partner
contributions but operates independently of any outside influence
and does not support individual companies. Most of its roughly
50-person staff is based in the organization’s headquarters in
Copenhagen, Denmark.
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, or incorporated by reference, 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 expected fleet additions, our
expectations regarding macroeconomic conditions, our expectations
regarding cruise voyage occupancy, the implementation of and
effectiveness of our health and safety protocols, operational
position, demand for voyages, plans or goals for our sustainability
program and decarbonization efforts, our expectations for future
cash flows and profitability, 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,” “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: adverse
general economic factors, such as fluctuating or increasing levels
of interest rates, inflation, 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;
the spread of epidemics, pandemics and viral outbreaks, including
the COVID-19 pandemic, and their effect on the ability or desire of
people to travel (including on cruises), which has adversely
impacted and may continue to adversely impact our results,
operations, outlook, plans, goals, growth, reputation, cash flows,
liquidity, demand for voyages and share price; implementing
precautions in coordination with regulators and global public
health authorities to protect the health, safety and security of
guests, crew and the communities we visit and to comply with
related regulatory restrictions; our indebtedness and restrictions
in the agreements governing our indebtedness that require us to
maintain minimum levels of liquidity and be in compliance with
maintenance covenants and otherwise limit our flexibility in
operating our business, including the significant portion of assets
that are collateral under these agreements; our ability to work
with lenders and others or otherwise pursue options to defer,
renegotiate, refinance or restructure 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 or financing to optimize our balance sheet, which may not
be available on favorable terms, or at all, and our outstanding
exchangeable notes and any future financing which may be dilutive
to existing shareholders; the unavailability of ports of call;
future increases in the price of, or major changes, disruptions or
reduction in, commercial airline services; changes involving the
tax and environmental regulatory regimes in which we operate,
including new regulations aimed at reducing greenhouse gas
emissions; the accuracy of any appraisals of our assets as a result
of the impact of the COVID-19 pandemic or otherwise; our success in
controlling operating expenses and capital expenditures; trends in,
or changes to, future bookings and our ability to take future
reservations and receive deposits related thereto; adverse events
impacting the security of travel, or customer perceptions of the
security of travel, such as terrorist acts, armed conflict, such as
Russia’s invasion of Ukraine, and threats thereof, acts of piracy,
and other international events; adverse incidents involving cruise
ships; 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; our inability to recruit
or retain qualified personnel or the loss of key personnel or
employee relations issues; impacts related to climate change and
our ability to achieve our climate-related or other sustainability
goals; 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; any further
impairment of our trademarks, trade names or goodwill; our reliance
on third parties to provide hotel management services for certain
ships and certain other services; fluctuations in foreign currency
exchange rates; our expansion into new markets and investments in
new markets and land-based destination projects; overcapacity in
key markets or globally; and other factors set forth under “Risk
Factors” in our most recently filed Annual Report on Form 10-K and
subsequent filings with the Securities and Exchange Commission. The
above examples are not exhaustive and new risks emerge from time to
time. There may be additional risks that we consider immaterial or
which are unknown. 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
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
Jessica John(305)
468-2339InvestorRelations@nclcorp.comNCLHmedia@nclcorp.com
Norwegian Cruise Line (NYSE:NCLH)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Norwegian Cruise Line (NYSE:NCLH)
Historical Stock Chart
Von Apr 2023 bis Apr 2024