Willkommen, Gast
Benutzername: Passwort: Angemeldet bleiben:

   

THEMA: Finanzierung der Oasis und Allure of the Seas in Gefahr

Finanzierung der Oasis und Allure of the Seas in Gefahr 26 Feb 2009 21:33 #2118

:blink: :woohoo: :S :blink: :woohoo: :S :blink: :woohoo: :S :blink: :woohoo: :S :blink: :woohoo: :S :blink: :woohoo: :S :blink: :woohoo: :S :blink: :woohoo: :S

Dieser Bericht hört sich nicht so gut an
:gruebel: :gruebel: :gruebel: :gruebel: :gruebel: :gruebel:
February 25, 2009
Is Oasis of the Seas in Financial Trouble?
Are Oasis of the Seas and other Royal Caribbean new-builds in financial trouble? That's the buzz being generated by Royal Caribbean Cruises Ltd.'s recent annual performance report, which specifically mentions the potential risk of not securing proper funding for the two under-construction Oasis-class ships, Oasis of the Seas and Allure of the Seas. The 220,000-ton, 5,400-passenger Oasis of the Seas, the largest and most innovative cruise ship ever, is scheduled to debut on December 1, 2009; sister ship Allure of the Seas is due out in the summer of 2010.

In the Form 10-K report, required of all publicly traded companies by the Security and Exchange Commission, RCCL said that it has "commitments for government financing guarantees from Finnvera, the export credit agency of Finland [Oasis is under construction at Finland's STX Europe], for 80 percent of the financed amount of the Oasis-class ships," but that it "must still secure financing for Oasis of the Seas and Allure of the Seas" to fill the gap.

The filing went on: "Although we believe that we will be able to do so, there can be no assurance that we will be able to do so or that we will be able to do so on acceptable terms." The price tag for Oasis of the Seas is estimated at $1.2 billion.

Representatives from Royal Caribbean could not be reached by press time.

It's important to note that risks are listed because they are possible, not necessarily probable. In looking at the filing, potential financing issues regarding Oasis and Allure were one of nearly 20 risks listed on the 10-K that could adversely affect Royal Caribbean's bottom line. Others included terrorist and pirate attacks, failure of international banks, loss of qualified workers, change in tax status, and so on. Such inclusions are commonplace in 10-K filings, which are meant to sufficiently warn investors of general potential risks.

So what kind of additional financing is RCCL seeking for Oasis? RCCL mentioned in the filing that it is "exploring opportunities to increase the guarantee level [from the Finnish government] and obtain partial funding support from the relevant export credit agencies."

It's interesting to note that the remaining Solstice-class ships being built by Celebrity Cruises, another Royal Caribbean Cruises Ltd. brand, are already fully funded according to the filing. Those ships received a higher proportion of financial guarantee from Germany, where they're being built; HERMES, the export credit agency of the German government, has guaranteed 95 percent funding compared to Finnvera's 80.
  • Meex
  • Meexs Avatar
  • OFFLINE
  • Shipedia Star Member
  • Beiträge: 4080
  • Dank erhalten: 33
Der Administrator hat öffentliche Schreibrechte deaktiviert.

Finanzierung der Oasis und Allure of the Seas in Gefahr 28 Feb 2009 13:59 #2126

Finanzierung der OASIS und ALLURE in grosser Gefahr.
Wie in USA Today heute zu lesen ist gibt es massive Finanzierungsprobleme bei dem Bau der OASIS. Zwar wurden bereits allen Aktienbesitzern die Dividenden gestrichen um Bargeld für den Bau der Superschiffe zu haben, aber es gibt immer noch grosse Geldprobleme.
http://content.usatoday.com/topics/post/Organizations/Companies/Transportation,+Travel,+Hospitality/Cruise+Lines/Royal+Caribbean/63337569.blog/1
http://www.lloydslist.com/ll/news/royal-caribbean-warns-over-funding-crisis/20017621904.htm
http://www.cruisecritic.com/news/news.cfm?ID=3083
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5SrbcYwFi_4&refer=home
Der Aktienkurs brach weiterhin ein auf derzeit 6 USD.
  • DieterS
  • DieterSs Avatar
  • OFFLINE
  • Shipedia Diamond Member
  • Beiträge: 636
  • Dank erhalten: 30
[/url]
Der Administrator hat öffentliche Schreibrechte deaktiviert.

Finanzierung der Oasis und Allure of the Seas in Gefahr 03 Mär 2009 10:13 #2149

Neue New´s

Royal Caribbean, Finland in Oasis of the Seas Financing Talks

Bloomberg.com has confirmed that Royal Caribbean Cruise Lines (RCCL) is negotiating with the Finnish government to secure additional loan guarantees or even direct government financing for the 220,000-ton, 5,400-passenger Oasis of the Seas. As we reported last week, RCCL's annual Form 10-K, a regulatory filing sent to all investors, mentioned the risk of failure to secure financing for Oasis of the Seas and sister ship Allure of the Seas. Oasis of the Seas, the largest (by some 40 percent) and most innovative cruise ship ever, is set to debut in December of this year.

On Friday, Bloomberg reported that RCCL and Finland were in discussions over financing of the ship. RCCL's investor relations chief Ian Bailey told the business publication that "the government's larger role is aimed at making the $1.24 billion project more attractive to private lenders." Securing additional guarantees from the Finnish government would "send a strong signal and provide more reassurance [to potential lenders]," especially important given the current economic climate and near frozen international credit market.

Despite concerns, Bailey told Bloomberg that he "is comfortable we're going to be able to get this financing done."

As of now, Royal Caribbean has government financing guarantees from Finnvera, the export credit agency of Finland, for 80 percent of the financed amount of the Oasis-class ships -- meaning the Finnish government will back 80 percent of the loans RCCL secures, not that the government itself is doing the loaning. The actual loans are secured from banks and private lenders. In the Bloomberg piece, Bailey noted that it's normal for the company to begin securing loans about six months before delivery. In this case, RCCL is doing it more than nine months out.

A spokesman from STX Europe in Turku, Finland -- the shipyard where Oasis is being built -- echoed Bailey's sentiments. Martin Landtman, head of STX Europe's Finnish shipyards, told Bloomberg that "we are aware that Royal Caribbean is having these talks.... We are not concerned or worried about the situation in any way."
  • Meex
  • Meexs Avatar
  • OFFLINE
  • Shipedia Star Member
  • Beiträge: 4080
  • Dank erhalten: 33
Der Administrator hat öffentliche Schreibrechte deaktiviert.

 

 

Ladezeit der Seite: 0.328 Sekunden

Neueste Hafentipps

Argentinien - Buenos Aires
 
4.6

Neueste Schiffsbewertungen

"Mein Schiff 1"
 
4.4
"MS Westerdam"
 
0.8

Shipedia-Fotogalerie