Wall Street Concerns Aren’t Keeping Cruise Lines From Ordering More Ships
Photo Credit: Norwegian Cruise Line announced an order for two more 3,300-passenger ships, due in 2026 and 2027. Pictured is a rendering of what those ships will look like. Norwegian Cruise Line
Skift Take
Cruise lines are confident that people will fill the ships they order, and shipbuilding yards are packed with business for years to come. Will Wall Street shake off its worries that demand won't keep up?
For the last few months, the chatter among cruise investors has been tinged with worry that operators are building ships faster than demand for them is growing.
Shares of the three largest cruise companies — Carnival Corp., Royal Caribbean Cruises, and Norwegian Cruise Line Holdings — are down between 8.5 and 11.5 percent since the beginning of the year.
But executives have proclaimed their confidence in the face of those concerns, citing bookings for 2019 and even beyond, opportunities in eme
