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About Cienfuegos

  • Rank
    Cool Cruiser

About Me

  • Location
    South Florida
  • Interests
    Cooking, food, music
  • Favorite Cruise Line(s)
    Celebrity, Viking Ocean

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  1. Thanks for the article. I found it interesting that Algeria, Rwanda, and Morocco are included in the access protocols. With Russia and the US apparently excluded, the European ocean and river cruising market will be considerably restricted. (US and Russian travelers can't enter the bloc, Russian destinations are off limits)
  2. The Florida bar rules were a little confusing, so closing all of them made the situation easier to explain. Broward, Miami-Dade, and Palm Beach county bars have not been open. The rest of the state has had open bars for several weeks. The Governor closed the bars in the remaining 64 counties this weekend. In Florida, if your licensed establishment derives more than 50% of its revenue from selling alcohol, you have a bar. If you are licensed, but derive 50% or less from the sale of alcohol, you can remain open. That covers restaurants, including some with a bar space, and food trucks, etc as long as you buy food.
  3. Here in the Stuart / Martin County area of Florida, many winter "snowbirds" are finally packing up to go back to NJ NY CT. Two months later than usual. The sense is that the covid is intensifying here in Florida, and the situation is significantly better in NY right now. The reverse of how it was a few weeks ago.
  4. My wife and I did the eastern Med + Greek islands with Celebrity in 2014, I believe. This was the last cruise of the season for Celebrity in that area. Everything in the island tourist shops was on sale. "Make an offer" prices. The weather can be unpredictable late in October. Usually cool and wonderful. "Medicanes" might happen every year or two, with gale like winds and rough seas.
  5. There's a tremendous demand in the financial markets for anything with yield. Unfortunately, the bailouts have created a climate where risk is often overlooked. Or just bought out with cheap taxpayer money. (I'm old enough to remember when stock holders would be wiped out in a bankruptcy reorganization, and bond holders would get 25 or 50 cents on their dollar. That made the art of risk analysis worth real money to an investor.)
  6. thanks for mentioning that, it is a serious consideration. a few months ago the Wall Street Journal mentioned the pressure big banks were putting on airlines to allow more upgrade seats. bank customers were unhappy that their affinity credit card points couldn't be used as the customer wanted. nice to see one arrogant monopolistic industry fighting another so the customer benefits...
  7. Viking may also be evaluating the quarantine rules applicable to staff who have gone home. Recalling crew members from Russia, Moldava, Thailand, etc to board ships in the UK or Norway might require extended quarantines.
  8. Your points, once withdrawn, could not be redeposited?
  9. That was my experience with Viking out of Miami in October 2018 for the Cuba trips. Buses from the airport seemed to arrive every 15-20 minutes after 12 noon. If you drive and park at the terminal (Viking used / uses J, the first on the right), arriving before 2 pm will likely get you space inside the parking garage. Not on the roof.
  10. The access to Norway may expand at some point in the future as Norwegian Air Shuttle advances. The financially troubled line has given control to its lenders, including Chinese and Irish leasing companies. It is expected that long haul operations may be expanded as the airline seeks to find a profitable cruising altitude. https://techxplore.com/news/2020-05-china-large-shareholder-norwegian-air.html
  11. October in the eastern Mediterranean can see some storms. We did a last of the season Venice - Istanbul - Venice, many people commented on how fortunate we were. One rollicking storm, one day, and that was it. Gorgeous weather, 70s much of the time, brilliant sunshine in the islands. In the past, Celebrity would finish the eastern Med by the third week of October.
  12. My wife and I had a port stop at Le Havre in October, 2019. There was a taxi stand just past the excursion buses. I believe the fare to the Malraux museum was 8 Euro. The walk from the docking area to town is through an industrial port area. Flat, but some areas of broken sidewalk, etc. Nothing serious. Viking and Cunard ran free shuttle buses back from the town center every 15 minutes. Nice light rail system, fine walk along the seawall, etc. We walked from the museum and seawall through a lovely residential area, and eventually went for a tram ride. Had a nice lunch.
  13. Had you made your reservations directly with Viking, or did you use a travel agent? Reading some of the comments posted here and on other cruise line threads, it seems travel agent assisted deals were resolved a little more quickly. Or, a lot more quickly in some cases.
  14. There's a huge demand for almost any kind of yield in today's market, with overall rates so low. And a belief by some investors that credit quality doesn't matter much. In reality, I suspect Viking will refund and replace these securities as quickly as it is able to do so, and treat the 14% cost for a year or two as a necessary but unfortunate cost of doing business. Just like it will treat the 45% of customers who rolled their deposits forward into FCVs as necessary cash flow. And give them a premium experience in 2021, etc. With this interest rate, it wouldn't surprise me in the least if the offer was over subscribed with more buyers than available securities. Which could lower the interest rate, or increase the cash to Viking, depending on the distribution agreements. (To be clear, I have not read the offering, and there's no investment advice in my comments. I'm offering general thoughts on how the debt issue may benefit Viking, and enable it to get past this unfortunate obstacle in their growth.)
  15. this is an expensive way to maintain liquidity, but ya gotta do what ya gotta do...
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