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CNBC's Jim Cramer on Thursday reviewed the IPO of Viking , a cruise line whose market debut this week was the biggest of the year so far. And despite its hefty price tag, Cramer said he's willing to pay up for the stock. Viking stands apart from much of the competition — its ships don't have casinos, children aren't allowed, and it specifically targets a wealthy consumer. He conceded that Viking doesn't have a perfect balance sheet, but neither do the other publicly-traded cruise lines. But to Cramer, Viking deserves a premium.
Persons: CNBC's Jim Cramer, Cramer, he's, aren't, it's, Cramer , Viking, Viking's, Viking Organizations: Viking Locations: Iceland, Egypt
Astor was one of around 1,500 people who died when the Titanic sank on April 15, 1912 after hitting an iceberg. The violin itself was sold for $1.7 million via the same auction house in 2013 and is the highest-selling item from the ship ever. The valise belonging to Titanic bandmember and orchestra leader Wallace Hartley, which held the violin he played as the Titanic sank, is also for sale. The watch was among the personal effects found with Astor’s body after the Titanic sank, according to the auction house. In 1935, Vincent gave the watch as a christening gift to the infant son of William Dobbyn IV, John Jacob Astor’s executive secretary, according to the auction house.
Persons: John Jacob Astor IV, Astor, Madeleine, Henry Aldridge, bandmember, Wallace Hartley, Andrew Aldridge, Aldridge, Vincent Astor, Vincent, William Dobbyn IV, John Jacob Astor’s, ” Aldridge, John Jacob Astor IV’s cufflinks Organizations: CNN, Titanic, Henry Aldridge & Son, Son Locations: Wiltshire, England, United States
We live in an Orlando rental, but I run the travel-planning business from a cruise ship for three months out of the year. Video calls can be dicey, but voice calls over WiFi work wellMost of my work is using emails, social media apps, and a web browser, so I don't tend to have problems. The upload speed is the most difficult thing about working on a cruise ship. Cruise ships are comparable to remote working spaces, but they offer so much more. Meeting places are usually free on a cruise ship.
Persons: , Walter Biscardi, Walter Travel, I'd, we'll, I've, Lady Organizations: Service, Business, Royal, Voyages, Virgin Voyages, YouTube, Virgin Locations: Orlando, Atlanta, Royal Caribbean, Oceania
I spent seven days eating on a luxury Virgin Voyages cruise ship. The cruise ship offered over 20 eateries with menus crafted by Michelin-starred chefs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLast summer, I sailed the Mediterranean Sea for seven days on a luxury Virgin Voyages cruise ship. Every Virgin Voyages ship has the same 20 restaurants and eateries on board with menus designed by Michelin-starred chefs, according to the cruise line's website.
Persons: Organizations: Virgin, Michelin, Service, Business
Read previewThis is an as-told-to essay based on a transcribed conversation with millennial Eliza Green, who took her first cruise vacation on Virgin Voyages. Virgin Voyages sounded particularly appealing. In October 2023, my husband, two other couples, and I embarked on Virgin Voyage's Scarlet Lady Dominican Daze. Cruise food was better than an all-inclusive resortThe food was a pleasant surprise, far better than the buffet options I'd imagined on other cruises. The cabin was a needed respiteBefore traveling on a cruise, I'd heard of windowless cabins and cramped rooms.
Persons: , Eliza Green, I'd, Scarlet, Bimini Organizations: Service, Voyages, Business, Virgin Locations: Miami, Puerto Plata, Dominican Republic, Bimini, Bahamas, Jamaica
Analysts expect the S & P 500 to have a year-over-year earnings growth rate of 3.2%, FactSet data shows. If that's the case, it would mark the third consecutive quarter of earnings growth. The reporting period could also be a good time for tactical opportunities in the stock market. The bank also expects these names to see sharp moves after posting earnings, based on what the options market shows. The options market implies a 4.1% move for Nasdaq on after the April 25 report is released.
Persons: Goldman Sachs, John Marshall, Goldman, Lizzie Dove, Per Goldman, Toshiya Hari Organizations: JPMorgan Chase, Citigroup, Royal Caribbean Cruises, Nasdaq, Semiconductor, Broadcom Locations: Wells, China, Asia
Virgin Voyages is targeting a new type of traveler: remote workers. In March, the Miami-based cruise line owned by Sir Richard Branson introduced a month-long cruise called the "Scarlet Summer Season Pass." It's essentially four week-long cruises packaged together to appeal to remote workers who want to spend a month at sea in southern Europe. That prompted Virgin Voyages to open additional spots for remote workers on a second cruise ship this summer. The "Season Pass" cruises will sail on Virgin's Scarlet Lady and Resilient Lady ships, each of which can accommodate around 2,700 guests.
Persons: Sir Richard Branson, It's, Nirmal Saverimuttu, Virgin Organizations: Voyages, CNBC Travel, Virgin Voyages, Cruises Locations: Miami, Europe, Cannes, Rome, Ibiza
The cruise line is pitching this 2027 voyage as a “once-in-a-lifetime experience” on board its Seven Seas Splendor liner. The living room area of the Regent Suite, available for $1.7 million on Regent Seven Seas Cruises' upcoming 2027 world cruise. Onboard decadenceWhether guests opt for the Regent Suite or not, prospective Regent Seven Seas Cruises travelers should expect onboard decadence. Cruise line president DeMarco told CNN Travel that the fact Regent Seven Seas’ world cruise is “truly all-inclusive” means there’s “value” associated with these high costs. The cruise line is currently operating a sold-out 2024 world cruise on board its Seven Seas Mariner cruise ship, while its 2025 world cruise also sold out in what Regent Seven Seas’ claimed was “record time.” The cruise line’s 2026 world voyage still has suites available at time of writing.
Persons: CNN —, Andrea DeMarco, there’s, DeMarco, Joan Miró, Picasso, filet mignon Organizations: CNN, Regent Seven Seas Cruises, CNN Travel, Regent, Regent Seven, Suite, Regent Seven Seas, Seas, Norwegian Cruise Line Holdings, Seven Seas, Seven Locations: Bali , Sydney, Mumbai
Regent Seven Seas Cruises' 140-night 2027 world cruise would sail to 71 destinations across 40 countries. The ultra-luxury cruise line's annual around-the-world voyages often sell out fast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If your answer is incredibly niche and something like "move onto a ship for four months while it sails to six continents," Regent Seven Seas Cruises has you covered. Like other luxury cruise lines, Regent Seven Seas operates annual monthslong world cruises, many of which have sold out.
Persons: , you've Organizations: Seven Seas Cruises, Service, Seven Seas, Regent Seven Seas, Business
The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. Supply chain disruptionsDisruptions to global trade can have major impacts on shortages and inflation, causing serious ramifications for American households and businesses. Indeed, inflation cooled alongside the bounce back of the supply chain, according to a White House analysis of the U.S. economy. [It's] an inefficiency born not of container shipping but just of the nature of the global economy." Watch the video above to learn more about how shipping containers enable global trade, why China dominates the shipping industry and what happens after a container shortage.
Persons: Simon Heaney, John Fossey, Good Hope, John McCown, nonresident, McCown, Goetz Alebrand, " Heaney, Heaney Organizations: Drewry, CNBC, Supply, Federal Reserve Bank of San, Center for Maritime Strategy, Federal Maritime Commission, Americas, DHL Global Locations: Federal Reserve Bank of San Francisco, U.S, Iran, Good, Africa, China, Ukraine, Asia
We saw them coming up a bit towards the end of the quarter, and then of course, the Red Sea crisis ... which again changed the market." Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. "It's a concerning situation and I think the [Red Sea] outlook is very difficult," Jansen said. In addition to the added costs, according to Sea-Intelligence, the Red Sea diversions could increase carbon dioxide emissions by 260%–354%. New ocean alliance with MaerskThe reduction in global freight and schedule reliability are headwinds ocean carriers have been facing for months.
Persons: Lloyd, Jansen, Rolf Habben Jansen, Hapag Lloyd, Hansen, it's, Lars Østergaard Nielsen, Nielsen, " Hansen Organizations: CNBC, Intelligence, EU, Trading, Maersk, Hapag, Gemini, Sea, MSC Locations: U.S, Asia, West Coast, East Coast, Gulf Coast, Red, Aden, Yemen, Africa, Europe, Suez, Panama, California
Richard Branson's Virgin Voyages says it's launching a monthlong summertime cruise pass. Passholders would get to sail on four consecutive weeklong Mediterranean itineraries. AdvertisementRichard Brandon's Virgin Voyages wants you to "WFH" this summer. The adult-only cruise line says it's launching monthlong summertime passes, aptly known as the "Scarlet Summer Season Pass," starting at $9,990 for two people in one cabin. With this pass, travelers would sail on four consecutive weeklong Mediterranean cruises.
Persons: Richard Branson's, Passholders, , Richard Brandon's Virgin Organizations: Service Locations: Ibiza, Spain, Cannes, France, Rome, Italy
Working pumpjacks are seen at the Montebello Oil Field in Montebello, California, on Sept. 18, 2023. Oil prices fell for a second day on Tuesday as pledges by China, the world's biggest crude importer, to transform its economy amid stuttering growth since the COVID pandemic failed to impress investors concerned about slower consumption. Brent futures for May fell 3 cents to $82.77 a barrel by 0159 GMT, while U.S. West Texas Intermediate (WTI) fell 11 cents, to $78.63. The physical oil market has started to tighten, rising spot prices show, according to a note from ANZ analysts, owing in part to supply disruptions. U.S. crude oil inventories are expected to have increased last week, according to a preliminary Reuters poll on Monday, while distillates and gasoline stockpiles were forecast lower.
Persons: Brent, WTI Organizations: Montebello Oil, U.S, West Texas, National People's, of, Petroleum, ANZ, Reuters Locations: Montebello, Montebello , California, China, Israel, Gaza, OPEC
On a recent Virgin Voyages cruise, I booked a 225-square-foot sea terrace room. AdvertisementI took my first luxury cruise last summer, sailing on a seven-day Mediterranean adventure with Virgin Voyages, an award-winning, adults-only cruise line that's been operating since 2021, according to the company's website. Aboard Virgin Voyages' Valiant Lady ship, I slept in a cabin with a sea terrace. It had a starting rate of $5,910 for a weeklong stay for two people, a representative for Virgin Voyages told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Voyages, Virgin Voyages, Business
Delta passengers received a free Virgin Voyages cruise from San Juan on a recent flight. The free Caribbean voyage was offered to all adult Sky Miles members aboard the flight. Branson and Virgin staff members surprise passengers at the gate. A Virgin Voyages cruise is worth the priceGetting a free Virgin Voyages sailing is truly like winning a golden ticket. A snapshot from the author's Virgin Voyages cruise.
Persons: Richard Branson, Sky Miles, , they'd, Cruise, Willy Wonka, Branson, CHRIS, San Juan —, Joey Hadden Organizations: Sky, Service, Virgin, Delta, Jackson Atlanta International Airport, DELTA AIRLINES, Sky Miles, Virgin Staff, Virgin Voyages, BI Locations: San Juan, Atlanta, Caribbean, Hartsfield
Last summer, I embarked on my first luxury cruise with the adults-only cruise line Virgin Voyages. I booked a seven-day Mediterranean sailing in a cabin with a balcony for $5,900. The ship's unique design, VIP-worthy cabins, and surprising activities made it worth the price. I took the seven-day cruise from Barcelona on the Valiant Lady ship , which has a maximum of 2,700 guests. AdvertisementSix months after my cruise, I'm still thinking about the luxury details that made it worth the price.
Persons: , I've, Valiant Organizations: Service, Orient Express, Virgin Voyages Locations: it's, Barcelona, Italy, France, Spain
I cruise on Carnival so often that its ships have come to feel like a home away from home. The author in the Lido buffet on board the Carnival Radiance. I've sailed with Carnival more than 10 times in the past five years, and it's become my favorite choice for budget getaways. I've cruised with Carnival to the Mexican Riviera and Caribbean out of ports in California, Florida, and Louisiana on smaller ships accommodating 2,600 passengers and larger ships accommodating up to 5,282 guests. Here's what to watch out for so you can be a savvy sailor the next time you find yourself on board a Carnival ship.
Persons: Lori A, I'm, I've, it's Organizations: Holland America, Virgin, Carnival Cruises, Riviera Locations: Holland, Caribbean, California , Florida, Louisiana
At the end of “Io Capitano” (“I Captain”), Matteo Garrone’s harrowing contender for best international film at next month’s Academy Awards, a map tracks the journey taken by the film’s two teenage protagonists: over 3,500 miles from Dakar, Senegal, to Sicily, via the scorching Nigerien desert, horrific Libyan prisons and a nerve-racking Mediterranean crossing aboard a rickety vessel. Such perilous voyages, taken each year by countless Africans seeking a new life in Europe, is “one of the great dramas of our times,” Garrone said in a recent interview, and “Io Capitano” is framed as an epic, modern-day Odyssey, with protagonists no less valiant than Homer’s hero. “It’s a journey that’s an archetype so that anyone can identify with it,” said Garrone, who is best known to international audiences for the hyper-realistic 2008 drama “Gomorrah” and his dark and fantastical “Pinocchio” (2019). “Io Capitano” is also, he said, a “document of contemporary history.” This month alone, over 2,000 people reached European shores by crossing the Mediterranean, while at least 74 died, bringing the number of people who have gone missing in that sea in the last decade to more than 29,000, according to the International Organization for Migration, a United Nations agency.
Persons: , Matteo Garrone’s, ” Garrone, , Garrone Organizations: month’s, International Organization for Migration, United Locations: Dakar, Senegal, Sicily, Europe, United Nations
I've sailed on both a Royal Caribbean and a Virgin Voyages cruise ship. The Virgin Voyages cruise cost $4,000 more, as it was a luxury, adults-only ship in a higher-tier cabin. The Virgin Voyages cruise was more worth the price, but the Royal Caribbean ship was great for families. Royal Caribbean and Virgin Voyages offer completely different experiences. The seven-night Caribbean cruise took me to Roatán, Honduras; Cozumel and Costa Maya, Mexico; and Royal Caribbean's private island in the Bahamas.
Persons: I've, it's Organizations: Royal, Virgin, Royal Caribbean, Virgin Voyages, Cruise, Cruise Critic, Voyages, Marina Locations: Royal Caribbean, Roatán, Honduras, Cozumel, Costa Maya, Mexico, Bahamas, Ibiza, Barcelona, Italy, France, Toulon, Ajaccio
Usually, if one person buys a drink package, everyone else in their stateroom has to as well. Plus, the package's listed price typically doesn't include gratuity. Amanda AdlerCruise lines don't want a passenger to pay for an unlimited drink package and use it to order beverages for all the other members of their party, so some take an all-or-nothing approach. Doing the math using the discounted package prices, the three bundles would add over $1,000 (plus gratuities) to the cost of our seven-night sail. I opted not to purchase any drink packages.
Persons: Amanda Adler, aren't Organizations: Royal Locations: Royal Caribbean, Caribbean
How flying taxis could go mainstream
  + stars: | 2024-02-20 | by ( Sarah Sloat | ) www.businessinsider.com   time to read: +7 min
But some experts say if air taxis are going to go mainstream, an overlooked element will need to be scaled up: software. One part is the physical infrastructure, such as a vertiport — where air taxis can take off, land, and recharge. Because it’s a self-flying aircraft, there are unique software needs, Becky Tanner, the chief marketing officer at Wisk, told BI. Courtesy of VolocopterVolocopter also sees a “stand-alone business case” for VoloIQ as a third-party software, Seywald said. Getting air taxis in the skies could hinge on the customersSoftware is an essential part of the success of a mobility provider, Seywald told BI.
Persons: you’re, it’s, , Yu Yu Zhang, ” Zhang, Zhang, There’s, Susan Shaheen, ” Shaheen, Becky Tanner, ” Tanner, VoloIQ, Klaus Seywald, Seywald, Volocopter, ” Seywald, Shaheen Organizations: Newark Liberty International Airport, Infrastructure, US, AAM, Federal Aviation Administration, Center for Urban Transportation Research, University of California, Sustainability Research Center, Purdue University, Aerovy Mobility, Boeing, Wisk, Microsoft, Software, Locations: Manhattan, Berkeley, Wisk, German, Paris, Rome
It amounts to US strategic partner New Delhi stepping in to replace crude purchases by Western buyers, reduced by sanctions over Russia’s invasion of Ukraine, the analysis said. The United States led a coalition of countries in late 2022 that agreed to a “price cap,” undertaking not to buy Russian crude above $60 a barrel. Those nations also forbade their shipping companies and insurance firms – key players in global shipping – from facilitating the trade of Russian crude above that price. “The price cap was the real trigger for the creation of the shadow fleet,” said Viktor Katona, head of crude oil analysis at trade research firm Kpler. It will be $150.”India’s complex role in global oil trade is also reflected in the fate of the oil products Russian crude is turned into.
Persons: they’re, , David Tannenbaum, Viktor Katona, Tannenbaum, ” Ami Daniel, Vladimir Putin, Howard Shatz, Singh Puri, Rosneft, Daniel, I’m Organizations: CNN, Centre for Research, Energy, Clean, Star, Pole Star, US Treasury, United, Pole Star Global, European Union, RAND, India’s, Petroleum, Natural Gas, CNBC, Nayara, Kremlin Locations: Russia, Ukraine, India, United States, Delhi, Moscow, Laconian Gulf, Greece, Suez, Russian, Kyiv, Vadinar
The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in the latest escalation of maritime tensions that have disrupted key trade routes in the Red Sea. Houthi militants later claimed the attack, with spokesperson Yahya Sare'e identifying the vessel as general cargo ship Rubymar and describing it as British. "The ship suffered catastrophic damage and came to a complete halt," Houthi Spokesperson Sare'e said. The hostilities have also prompted armed exchanges between Houthis and British and American forces, which have previously struck at Yemeni targets in a bid to improve maritime security. Sare'e said that the Houthis on Sunday also shot down a U.S. drone in Hodeidah.
Persons: Yahya Sare'e, Sare'e, Ice Brent, Nymex WTI Organizations: Maritime Trade Operations, CNBC, Global, Djiboutian Navy, Hamas, Maersk, Ice, U.S . Central Command, U.S . Navy, Ambrey Analytics Locations: Iran, Yemen, Red, Belize, British, U.S, Saudi, Khair, Varna, Bulgaria, Gulf, Aden, London, Gaza, Danish, Good Hope, Houthis, ., Houthi, Greece, Yemen's
Maxar Technologies Visual Investigations The $2.8 Billion Hole in U.S. Sanctions on Iran A Times investigation reveals how lax government oversight allowed shadowy oil tankers, covered by American insurance, to fund Iran’s regime. The American Club is one of only 12 major insurers of its kind, and the only one based in the United States. By then, the tankers had transported at least $2.8 billion in crude oil, based on the lowest reported prices of Iranian oil in 2023. The Treasury office has publicly enforced sanctions on the American Club only once in the past 20 years. Ultimately, the office said the American Club did “not appear to have been willful or reckless” and the case was settled.
Persons: Biden, , penna gabrielle toyomi, penna selene gabrielle, gabrielle, selene, lisa marianne selene, Samir Madani, Maggie Hassan, Daniel Tadros, , Mr, Tadros, Shipowners, ” Mr, Madani of TankerTrackers.com, David Tannenbaum Organizations: Maxar, Maxar Technologies, Sanctions, U.S, White, New York Times, Times, Treasury Department, American Club, Treasury, cathay kirin, Copernicus, Planet Labs, Star, American, The Times, Revolutionary Guards Corps, Anadolu Agency, Getty, Club’s, Hamas, Bloomberg, United Against Nuclear, Nuclear, Glory, United, National Iranian Tanker, Labs, Copernicus Sentinel, Club, International Maritime Organization, AIS, Spire Locations: Gulf of Oman, American, U.S, Iran, New York, New Hampshire, United States, Hong Kong, Kharg, Kpler, China, Israel, Yemen, United Against Nuclear Iran, Nuclear Iran, United Arab Emirates, Asaluyeh, Dubai, of Oman, Persian, Oman, Cuba, Sudan, MarineTraffic, SynMax, TankerTrackers.com
Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.
Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand
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