drsel Posted March 27, 2020 #201 Share Posted March 27, 2020 (edited) It seems like The Cruise industry is doomed by not just a virus but also its stigma. Edited March 27, 2020 by drsel Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #202 Share Posted March 27, 2020 (edited) What would you do if you bought a depreciating asset by taking a huge loan; and then find that you are unable to use it for whatever reason Edited March 27, 2020 by drsel Link to comment Share on other sites More sharing options...
ed01106 Posted March 27, 2020 #203 Share Posted March 27, 2020 14 minutes ago, K32682 said: What was missing from 9/11 and 2008 was stigma that applied exclusively to cruise lines. The images of the Diamond Princess won't die easily. It's not news that cruise ships often facilitated the spread of viruses but COVID-19 takes it to a whole new level. Outside of CC I am not see any blame being directed specifically at cruise ships. Universal opposition to bailing them out because they aren’t American companies, but no real stigma. Diamond will be forgotten quicker than Triumph. Problem is they are too over leveraged to withstand even a brief disruption. 1 Link to comment Share on other sites More sharing options...
pacruise804 Posted March 27, 2020 #204 Share Posted March 27, 2020 2 hours ago, drsel said: What would you do if you bought a depreciating asset by taking a huge loan; and then find that you are unable to use it for whatever reason Unfortunately I think many who recently financed vehicles (depreciating asset) and are now not working/under stay at home orders are facing this very situation. Link to comment Share on other sites More sharing options...
ed01106 Posted March 27, 2020 #205 Share Posted March 27, 2020 6 minutes ago, pacruise804 said: Unfortunately I think many who recently financed vehicles (depreciating asset) and are now not working/under stay at home orders are facing this very situation. I would rather bail them out than the cruise lines. 3 Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #206 Share Posted March 27, 2020 2 hours ago, pacruise804 said: Unfortunately I think many who recently financed vehicles (depreciating asset) and are now not working/under stay at home orders are facing this very situation. Actually I was referring to the cruise ships Link to comment Share on other sites More sharing options...
ed01106 Posted March 27, 2020 #207 Share Posted March 27, 2020 6 minutes ago, drsel said: Actually I was referring to the cruise ships Yes, we knew that. Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #208 Share Posted March 27, 2020 In some countries, where interest rates are ridiculously high, it doesnt make sense to borrow for any investment purpose, least of all to buy a depreciating asset. Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #209 Share Posted March 27, 2020 A depreciating asset which also has high running costs & heavy maintainence is actually a liability (acc. to Rich Dad Poor Dad) Link to comment Share on other sites More sharing options...
clo Posted March 27, 2020 #210 Share Posted March 27, 2020 5 hours ago, drsel said: It seems like The Cruise industry is doomed by not just a virus but also its stigma. Which, IMO, they partially brought on themselves. Link to comment Share on other sites More sharing options...
clo Posted March 27, 2020 #211 Share Posted March 27, 2020 5 hours ago, drsel said: What would you do if you bought a depreciating asset by taking a huge loan; and then find that you are unable to use it for whatever reason Cry? Whine? Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #212 Share Posted March 27, 2020 22 minutes ago, clo said: Which, IMO, they partially brought on themselves. I dont think its their fault, its just bad luck Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #213 Share Posted March 27, 2020 22 minutes ago, clo said: Cry? Whine? Ha Ha. Link to comment Share on other sites More sharing options...
clo Posted March 27, 2020 #214 Share Posted March 27, 2020 9 minutes ago, drsel said: I dont think its their fault, its just bad luck I don't think they've handled it well, during and after. Link to comment Share on other sites More sharing options...
drsel Posted March 27, 2020 #215 Share Posted March 27, 2020 (edited) Well Costa handled it very badly but some like celebrity and carnival did much better Edited March 27, 2020 by drsel Link to comment Share on other sites More sharing options...
donaldsc Posted March 27, 2020 #216 Share Posted March 27, 2020 8 hours ago, whogo said: Cruise lines are "out of bailout package" according to this Washington Post article. "The industry’s trade group, the Cruise Lines International Association, acknowledged Thursday that the major cruise lines weren’t included in the package..." https://www.washingtonpost.com/business/2020/03/26/cruise-line-bailout/ Good. They are getting exactly what they deserve. DON 2 Link to comment Share on other sites More sharing options...
Jim9310 Posted March 27, 2020 #217 Share Posted March 27, 2020 Today's news is going to make it even harder for CCL to obtain a bailout------ Four dead on Carnival-owned cruise ship (Zaandam) amid new coronavirus outbreak aboard https://www.cnbc.com/2020/03/27/four-dead-on-carnival-cruise-ship-amid-new-coronavirus-outbreak-aboard.html Link to comment Share on other sites More sharing options...
ed01106 Posted March 27, 2020 #218 Share Posted March 27, 2020 I thought all the cruise lines shut down two weeks ago? Link to comment Share on other sites More sharing options...
CruiserBruce Posted March 27, 2020 #219 Share Posted March 27, 2020 2 hours ago, ed01106 said: I thought all the cruise lines shut down two weeks ago? Not all ships were allowed to just dock and offload. The ship in question was refused by at least 4 countries after the announced shutdown. Now has been refused by Panama canal to return to its home port. Looking for another port. There are about half a dozen or so ships that have not officially shutdown yet. Mostly because no ports in their area will accept them, cases or not. Link to comment Share on other sites More sharing options...
chipmaster Posted March 27, 2020 #220 Share Posted March 27, 2020 (edited) Another line and couldn't be worse press, dead on board, and likely nowhere to go: https://www.cnn.com/2020/03/27/us/four-dead-holland-america-cruise-ship/index.html Seems like we got two ships now that will have a problem, one ship with thousands of passengers where many likely have virus but no symptoms and another with the sick, wow oh wow. Edited March 27, 2020 by chipmaster Link to comment Share on other sites More sharing options...
clo Posted March 28, 2020 #221 Share Posted March 28, 2020 46 minutes ago, chipmaster said: Another line and couldn't be worse press, dead on board, and likely nowhere to go: I'm sure this has been asked and answered but have other passengers, singular or plural, died ON the ship? Link to comment Share on other sites More sharing options...
CruiserBruce Posted March 28, 2020 #222 Share Posted March 28, 2020 5 minutes ago, clo said: I'm sure this has been asked and answered but have other passengers, singular or plural, died ON the ship? It has been released by HAL that 4 people have died. About 10 hours ago. Link to comment Share on other sites More sharing options...
CruiserBruce Posted March 28, 2020 #223 Share Posted March 28, 2020 53 minutes ago, chipmaster said: Another line and couldn't be worse press, dead on board, and likely nowhere to go: https://www.cnn.com/2020/03/27/us/four-dead-holland-america-cruise-ship/index.html Seems like we got two ships now that will have a problem, one ship with thousands of passengers where many likely have virus but no symptoms and another with the sick, wow oh wow. Huh? The Zaandam is the only ship with sick pax on board. Link to comment Share on other sites More sharing options...
clo Posted March 28, 2020 #224 Share Posted March 28, 2020 Just now, CruiserBruce said: It has been released by HAL that 4 people have died. About 10 hours ago. Oh, I know. I meant other than that. Should have written "on A ship." Link to comment Share on other sites More sharing options...
clo Posted March 28, 2020 #225 Share Posted March 28, 2020 Just now, CruiserBruce said: Huh? The Zaandam is the only ship with sick pax on board. Symptomatic versus asymptomatic. So I'm guessing there are pax who are or will be sick on both. Link to comment Share on other sites More sharing options...
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