Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterMerger of cruise operators illustrates industry problems
Tuesday, Nov. 20, 2001 | 9:55 a.m.
LONDON -- P&O Princess Cruises PLC is merging with Miami-based Royal Caribbean Ltd. in a deal worth about $3 billion that creates the world's largest cruise ship company in an industry hurt by the Sept. 11 terrorist attacks.
London-based Princess said today the combined company would have 41 ships and 75,000 berths, topping Miami-based Carnival Cruise Lines.
The British company will own 50.7 percent of the new group, with Royal Caribbean taking 49.3 percent. The combined company, which will be based in Miami, would be worth about $6 billion.
The deal comes at a difficult time for the cruise industry, which was already slumping before the Sept. 11 attacks made it lose millions of dollars more. Fears about traveling have kept many passengers home, and boosting security has been costly.
archive
- Most Read
- Discussed
- Most E-mailed
- Scientology foe’s arrest raises issue of rights
- ‘Stripper-mobile’ with live dancers raises safety, decency concerns
- Manny Pacquiao, Miguel Cotto arrive at MGM Grand
- Miguel Cotto camp says big cut in June fight an asset now
- Cada cherishes moment as poker’s youngest champ
- $5.1 million later, life goes on for Darvin Moon
- Vegas resorts get new places on Monopoly game board
- Fight snapshot: Arum takes a pot shot during Pacquiao training
- Rebels old and new celebrate anniversary of 1990 title
- Live Main Event blog from the Rio
Blogs
Shark Bytes
Players on championship team always worked hard (3 Comments)
Sports: Upon Further Review
Fight snapshot: Predictions for Pacquiao-Cotto
The Kats Report
A lesson in information dissemination, with a little Twitter and a lot of Agassi
Now and Then
Ichabods were tougher than they sound
Politics: Ralston's Flash
I shudder to think what the “amazing door prize from the governor” might be (3 Comments)
Pew Center report finds what others have: Nevada's economy depressed, future in doubt (6 Comments)
Elsewhere
Kelly Pavlik to fight in hometown on Dec. 19
Calendar »
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
- 15 Sun
-
Foreigner at Star of the Desert Arena
Star of the Desert Arena
-
Days of the New at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
-
DJ Boris at Godskitchen
Body English | 10:30 p.m. to 11:30 p.m.
-
Holding on to Sound at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
-
Rockabilly Wednesay at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
