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Stock Market & Financial Investment News

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February 18, 2014
14:32 EDTNCLHNorwegian Cruise Line weakness a buying opportunity, says Wells Fargo
Wells Fargo attributes the weakness in shares of Norwegian Cruise Line during the company's earnings call to concerns about Caribbean pricing and premiums on the new "Getaway" cruiseship, but says its post-call follow up makes it seem that management's comments were interpreted more negatively than intended. Wells says the pricing and premiums have been factored into the company's FY14 outlook and the firm would be buyers of the shares on the weakness.
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July 14, 2014
12:29 EDTNCLHNorwegian Cruise Line reaches agreemeent for two new cruise ships
Norwegian Cruise Line announced that it has reached an agreement with MEYER WERFT GmbH of Germany to build two new Breakaway-Plus class cruise ships for delivery in the second quarter 2018 and the fourth quarter 2019. Each ship will be 164,600 gross tons and include 4,200 passenger berths. The contract price for both ships is approximately euro 1.6 billion. The company has export credit financing in place for each ship, arranged and underwritten by KfW IPEX-Bank GmbH of Germany.

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