The suspension continued, a large number of ships were demolished, and the cruise industry was in a deep depression

category:Finance
 The suspension continued, a large number of ships were demolished, and the cruise industry was in a deep depression


As the Western cruise industry is unlikely to return to full operation this year, many cruise operators have to scale back their fleet. Many large cruise ships are now heading for the Shipbreaking plant in the port of Aliaga in Turkey, waiting to be demolished. On Friday, five large cruise ships were demolished to scrap at the port of Aliaga, and three more are expected to arrive in Aliaga in the near future.

The revenue growth of carnival cruise company has been significantly stagnant since March. According to a new document submitted to the US Securities and Futures Commission, the company will dispose of at least 18 cruise ships in the near future, accounting for about 12% of the capacity before the suspension and 3% of the operating revenue in 2019.

Kamil onal, chairman of the Shipbreaking Industry Association, said that before the epidemic, dry bulk carriers and container ships were mainly demolished by Turkish Shipbreaking factories, while the number of recently dismantled cruise ships increased significantly: after the epidemic, cruise ships changed their course and headed for Aliaga When a cruise cannot be put into operation, it can only be demolished. Onal said most of the ships that have been, or are about to be demolished, come from the UK, Italy and the United States. A team of 2500 people worked at the Shipbreaking plant, which took about six months to dismantle the ship. Analysts said that in the next 12-24 months, the situation of the cruise industry is likely to continue to be depressed, and more operators are expected to reduce the size of their fleet, either sell ships or write down assets and send cruise ships to Shipbreaking plants. Source: Wall Street, editor in charge: Zhang Mei_ NF2100

Onal said most of the ships that have been, or are about to be demolished, come from the UK, Italy and the United States. A team of 2500 people worked at the Shipbreaking plant, which took about six months to dismantle the ship.

Analysts said that in the next 12-24 months, the situation of the cruise industry is likely to continue to be depressed, and more operators are expected to reduce the size of their fleet, either sell ships or write down assets and send cruise ships to Shipbreaking plants.