Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd.

Headquarters in Miami-Dade County, Florida.
Type	Public
Traded as	NYSE: NCLH S&P 500 component
Industry	Tourism
Founded	1966
Headquarters	Bermuda (domicile) Miami, Florida, United States
Key people	Frank del Rio (CEO NCLH) Andrew Stewart (CEO NCL)
Products	Cruises
Website	ncl.com

Norwegian Cruise Line (NCL) is a cruise line founded in 1966 and based in the United States . It is the third-largest cruise line in the world, controlling approximately 8.7% of the total worldwide share of the cruise market by passengers (As of 2018).^[1]

Its parent company Norwegian Cruise Line Holdings Ltd is a holding company domiciled in Bermuda and headquartered in unincorporated Miami-Dade County, Florida,^[2][3] and also owns sister cruise lines Oceania Cruises and Regent Seven Seas Cruises. It is a publicly traded company listed on the New York Stock Exchange, with major shareholders including Apollo Global Management (15.8%), Genting Group (11.1%), and TPG Capital (2.3%) (As of March 2017).^[2][4]

History

The cruise line was founded as Norwegian Caribbean Line in 1966 by Knut Kloster and Ted Arison, with the 8,666-ton, 140m cruise ship/car ferry, Sunward,^[5] which in 1966 operated as a car-ferry between Southampton UK and Gibraltar, for that one, short season only. Arison soon left to form Carnival Cruise Lines, while Kloster acquired additional ships for Caribbean service. Norwegian pioneered many firsts in the cruise industry like: the first Out Island Cruise, the first combined air-sea program (marketed as "Cloud 9 Cruises") which combined low cost air fares with the cruise, first shipline to develop new ports in the Caribbean, like Ocho Rios in Jamaica. Like the original Sunward of 1966, Norwegians's second ship, the Starward had the capability to carry automobiles through a well concealed stern door. Later, this area was turned into cabins and a two deck movie theater, which is now a casino. Norwegian was responsible for many of the cruise innovations that have now become standard throughout the industry.

SS Norway arriving at Southampton

Norwegian made headlines with the acquisition of the France in 1979, rebuilding the liner as a cruise ship and renaming her Norway. The conversion cost more than $100 million USD. The Norway was at the time significantly larger than any existing cruise ship, and exploited the extra space available by adding a greater than usual variety of onboard entertainment. Her success paved the way for a new era of giant cruise ships. A boiler explosion in May 2003 forced Norwegian to withdraw the Norway from service, later being laid up in Bremerhaven, Germany until 2005 when she was towed to Port Klang Malaysia with the claimed intent to use her as an anchored casino or slow overnight casino cruises on her remaining boilers. Instead, she was sold for scrap and renamed the SS Blue Lady^[6] and later beached at Alang, Gujarat, India in August 2006 with claims that she had not been cleaned of toxic materials.^[7] On September 11, 2007, the India Supreme Court issued an order permitting her to be broken-up at Alang, despite the presence of large amounts of hazardous asbestos remaining on board.^[8][9]

Norwegian has expanded to other parts of the world, including Alaska, Europe, Bermuda, and Hawaii. Between 1997 and 2001 the company also operated cruises out of Australia under the name Norwegian Capricorn Line.

Its subsidiary Orient Lines, founded in 1991 to run the Marco Polo, was acquired in 1998. Norwegian itself was acquired by Star Cruises, a subsidiary of the Malaysia-based Genting Group, in 2000. In 2007 Star Cruises sold the Marco Polo to Transocean Tours. Orient Lines ceased trading when the ship was delivered to its new owners in early 2008.

In 2002, Norwegian purchased the half-complete hull of the first Project America ship, at the time under construction at Ingalls Shipbuilding in Pascagoula, Mississippi, US, which was towed to Germany to be completed at the Lloyd Werft shipyard. Subsequently Norwegian acquired the rights to move two ships built entirely outside the United States under the US flag, making it possible to start a US-flagged operation under the brand name NCL America.^[10][11] In 2003 the company announced the purchase of the American-flagged liners SS United States and SS Independence. In their July 2007 fiscal report, Norwegian noted the sale of the Independence, renamed SS Oceanic some time before. On July 1, 2010, the SS United States Conservancy struck a deal to buy the SS United States for $3 million.^[12] On February 1, 2011, the ownership was officially transferred to the SS United States Conservancy.

In August 2007, Star Cruises sold 50% of Norwegian for $1 billion to US-based Apollo Management (owners of Oceania Cruises) in order to strengthen Norwegian's financial position.^[13] Subsequently Norwegian reported in February 2008 that the Pride of Aloha, one of the two remaining NCL America ships, would be withdrawn from service in May of the same year. Initial reports suggested she would be transferred to the fleet of Star Cruises,^[14] but it was later announced that she would return to the Norwegian international fleet as the Norwegian Sky,^[15] while the Norwegian Majesty and Norwegian Dream would be sold to Louis Cruise Lines.^[16] The sale of the Norwegian Dream was subsequently canceled.^[17] It was announced in September 2012 that the Norwegian Dream would become the Superstar Gemini for Star Cruises, from January 2013.

On June 1, 2012, Norwegian announced the signing of a memorandum of agreement to exercise its option to purchase Norwegian Sky. The purchase price was approximately $260 million, financing being provided by the seller.^[18]

In January 2013, Norwegian Cruise Lines filed for an IPO.^[19] (As of June 2014), Apollo Management only has a 20% stake and the Genting-Group-owned Star Cruises only had a 28% stake in the cruise line.^[2][20] In ^[21]September 2014, Norwegian Cruise Line announced that it had purchased Prestige Cruise Holdings, the parent company of both Oceania Cruises and Regent Seven Seas Cruises in cash and stock for a total transaction consideration of $3.025 billion, including the assumption of debt.^[22]

On 11 March 2014, Norwegian announced that it was canceling all future port calls at Tunisia following an incident where the country forbade Israeli nationals from disembarking.^[23]

On 9 January 2015, it was announced that Kevin Sheehan, President and CEO, had been succeeded by Frank Del Rio, co-founder of Oceania Cruises.^[24]

On October 17, 2012, Meyer Werft and Norwegian reached a second agreement for the construction of two new vessels. Slated for delivery in October 2015 and 2017, respectively. The project was under the code name "Breakaway Plus Class" and it is expected for the vessels to be 163,000 tons and hold 4,200 passengers. The Norwegian Escape entered service in November 2015 and weighs 164,600 tons. Norwegian is expected to confirm its option for the 2017 vessel soon.^[25] Two more vessels were ordered on July 14, 2014, they will enter service in 2018 and 2019 and will be slightly bigger at 164,000 GT.^[26]

In December 2016, it was announced that Norwegian Cruise Line has reached an agreement with the Cuban government.^[27] In May 2017, the Norwegian Sky was the first Norwegian vessel to ever visit Cuba. The Norwegian Sky makes weekly trips from Miami to Havana, Cuba, making Norwegian the only line sailing that route weekly.^[28]

On May 2, 2017, Norwegian Cruise Line announced a new PortMiami Terminal.^[29] The construction began on May 1, 2018 and is scheduled for completion by fall 2019.^[30]

In 2018, the Norwegian Bliss built by Meyer Werft will be sailing for Alaska while in 2019, the fourth ship in the class, Norwegian Encore will sail the Caribbean from her original homeport of Miami. ^[31]

In June 2018, Miami Beach developer Russell Galbut was named chairman of Norwegian Cruise Line Holdings, replacing previous Chairman Walter Revell.^[32]

Between 2022 and 2025 Fincantieri will deliver four ships.^[33]

In July 2018, the company announced an order for two more ships of Leonardo Class. They are expected to enter service in 2026 and 2027.^[34]

Norwegian Cruise Line ships

Current ships

Sun Class

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Homeport	Notes	Image
Norwegian Sky	1999	1999-2004, 2008	2013	77,104 tons	Bahamas	Miami, Florida	Sailed as NCL America Pride of Aloha from 2004 to 2008, originally constructed as Costa Olympia, but sold to NCL during construction. Sister to the Costa Victoria and the Norwegian Sun
Norwegian Sun	2001	2001	2018[35]	78,309 tons	Bahamas	Seward, Alaska; Vancouver, British Columbia; San Francisco, California ; Miami, Florida; Los Angeles, California; Buenos Aires, Argentina; Santiago, Chile; Seattle, Washington (state) ; Port Canaveral, Florida

Spirit Class

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Notes	Image
Norwegian Spirit	1998	2004	2014[35]	75,338 tons	Bahamas	Previously SuperStar Leo (Leo Class) Sister to the SuperStar Virgo

Dawn Class

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Notes	Image
Norwegian Star	2001	2001	2018	91,740 tons	Bahamas	Originally ordered as Superstar Libra (Libra Class)
Norwegian Dawn	2002	2002	June 2016[36]	92,250 tons	Bahamas	Originally ordered as SuperStar Scorpio (Libra Class)

Jewel Class

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Notes	Image
Norwegian Jewel	2005	2005	May 2014[37]	93,502 tons	Bahamas
Norwegian Jade	2006	2006	March 2017[35]	93,558 tons	Bahamas	ex Pride Of Hawaii, reconstructed in 2008 as the Norwegian Jade
Norwegian Pearl	2006	2006	February 2017[38]	93,530 tons	Bahamas
Norwegian Gem	2007	2007	November 2015	93,530 tons	Bahamas

Epic Class^[39]

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Homeport	Notes	Image
Norwegian Epic	2010	2010	October 2015[36]	155,873 tons	Bahamas	Port Canaveral, Florida; Rome, Italy; Barcelona, Spain;

Breakaway Class

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Homeport	Notes	Image
Norwegian Breakaway	2013	2013	April 2018	146,600 tons [40]	Bahamas	New York City, New York; Copenhagen, Denmark; Berlin Germany	This ship was delivered on April 25, 2013.
Norwegian Getaway[41]	2014	2014	N/A (Scheduled for June 2019)	145,655 tons [42]	Bahamas	Miami, Florida; Copenhagen, Denmark; New York City, New York; New Orleans, Louisiana	This ship was delivered on January 10, 2014.

Breakaway Plus Class

Ship	Built	Entered service for Norwegian	Last Refurbishment	Tonnage	Flag	Homeport	Notes	Image
Norwegian Escape	2015	2015	N/A	164,600 tons	Bahamas	Miami, Florida until April 20, 2018 New York City, New York Beginning April 22, 2018
Norwegian Joy	2017	2017	N/A	167,725 tons	Bahamas	Shanghai & Tianjin (Beijing)
Norwegian Bliss	2018	2018	N/A	167,800 tons	Bahamas	Seattle, Washington, Miami, Florida & New York City, New York	9th largest cruise ship in the world after Royal Caribbean International's Quantum Class

Norwegian America Line

Ship	Built	Entered service for NCL America	Last Refurbishment	Tonnage	Flag	Notes	Image
Pride of America	2005	2005	March 2016	80,439 GRT	United States	First large, newly built US-flagged cruise ship in nearly 50 years; the only ship in her class.

Future ships

Ship	Class	Inaugural Voyage	Tonnage	Flag	Home Port	Notes
Norwegian Encore	Breakaway Plus Class	2019	167,800 GT	Bahamas	Miami, Florida
Unnamed	Project Leonardo	2022	140,000 GT	Bahamas
Unnamed	Project Leonardo	2023	140,000 GT	Bahamas
Unnamed	Project Leonardo	2024	140,000 GT	Bahamas
Unnamed	Project Leonardo	2025	140,000 GT	Bahamas
Unnamed	Project Leonardo	2026	140,000 GT	Bahamas
Unnamed	Project Leonardo	2027	140,000 GT	Bahamas

Previous ships

Ship	Built	In service for NCL	Tonnage	Status as of 2018	Image
Sunward	1966	1966–1976	8,666 GRT	Scrapped in 2004 at Chittagong, Bangladesh.
Starward	1968	1968–1995	12,948 GRT	Scrapped in 2018 at Alang, India.
Skyward	1969	1969–1991	16,254 GRT	Since 2000 Leisure World for New Century Cruise Lines.
Seaward	1972	Never entered service	17,042 GT	Sunk in 2016 near the port of Laem Chabang, Thailand.
Southward	1971	1971–1994	16,607 GRT	Scrapped in 2013 at Aliaga, Turkey.
Sunward II	1971	1977–1991	14,151 GRT	Scrapped in 2014 at Aliaga, Turkey.
Norway	1961	1979–2003	76,049 GRT	Scrapped in 2008 at Alang, India.
Seaward / Norwegian Sea	1988	1988–2005	42,276 GRT	Since 2005 SuperStar Libra for Star Cruises.
Westward	1972	1991–1993	28,221 GRT	Since 1996 Black Watch for Fred. Olsen Cruise Lines.
Sunward	1973	1991–1992, 1992–1993	28,078 GRT	Since 2005 Boudicca for Fred. Olsen Cruise Lines.
Norwegian Star	1973	1997–1998	28,518 GRT	Since 2004 MS Albatros for Phoenix Reisen.
Dreamward / Norwegian Dream	1992	1992–2008	50,764 GT	Since 2012 SuperStar Gemini for Star Cruises.
Windward / Norwegian Wind	1993	1993–2007	50,760 GT	Since 2007 SuperStar Aquarius for Star Cruises.
Leeward	1980	1995–1999	25,611 GT	Since 2007 Cristal for Louis Cruise Lines.
Norwegian Crown	1988	1996–2000, 2003–2007	34,242 GRT	Since 2008 Balmoral for Fred. Olsen Cruise Lines.
Norwegian Dynasty	1993	1997–1999	19,089 GRT	Since 2001 Braemar for Fred. Olsen Cruise Lines.
Norwegian Majesty	1992	1997–2009	40,876 GT	Since 2018 Princess Iris for Mano Maritime.
Independence	1951	Never entered service	20,221 GRT	Wrecked and scrapped in 2010 off Alang, India.
SS United States	1952	Never entered service	53,330 GT	Remains laid up in Philadelphia, Pennsylvania.

Private islands

Norwegian owns two private islands in the Caribbean: Harvest Caye in Belize and Great Stirrup Cay in the Bahamas.^[43]

References

External links

Wikivoyage has a travel guide for Norwegian Cruise Line.

• Official website
• Cruise Critic review
• Business data for Norwegian Cruise Line:
  • Google Finance
  • Yahoo! Finance
  • Reuters
  • SEC filings

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