Table Of Content
- Who Owns My Cruise Line? A Guide to Cruise Line Parent Companies
- Cruise line competitors say Virgin Voyages could ultimately be good for the industry.
- Genting Hong Kong Limited (GTHKF): Tan Sri Lim Kok Thay, chairman and CEO; Hong Kong
- What Makes MSC Cruise Line Stand Out?
- Is Carnival Cruise Line owned by Norwegian Cruise Line?
The company provides global tourism services from cruises to airlines, hotels, and resorts. TUI Group owns TUI Cruises, Marella Cruises, and Hapag-Lloyd Cruises. In July 2020, the company's TUIS Mein Schiff 2 sailed back to the sea carrying 1,200 passengers to have a Norwegian cruise. Nippon Yusen Kabushiki Kaisha ranks 8th on our list of the largest cruise companies in the world, with a market cap of $4.84 billion. NYK Line operates as a cruise and shipping company with global operations. The company owns a fleet of 615 vessels making it the largest marine transporter in Japan.
Who Owns My Cruise Line? A Guide to Cruise Line Parent Companies
The company owns a total of 28 ships sailing through more than 490 destinations across the globe. Ranking 13th on our list of the 15 largest cruise companies is London-based Virgin Voyages, a subsidiary of the Virgin Group with $347.5 million worth of assets and $83.7 million net profit. Virgin Voyages is a new cruise line offering trips to Havana, Bimini, the Bahamas, Puerta Plata, and Costa Maya. Virgin Group was founded by serial entrepreneur Richard Branson in 1970 and today operates as a venture capitalist conglomerate. As an investment firm, Virgin Group operates in different sectors including travel and leisure, TV and radio, mobile, health, and finance.
Cruise line competitors say Virgin Voyages could ultimately be good for the industry.
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On board, try a fencing class, learn flower arranging, or enjoy a full-service afternoon tea with real clotted cream served by white-gloved waiters. Explorethe latest travel news, advice, updates, upcoming exclusive deals and more. This means luxury competitors Crystal Cruises and Regent Seven Seas Cruises are now technically related corporately. Nonetheless, they still develop products and operate them independently. Probably the most confusing of the bunch is Norwegian Cruise Line Holdings Ltd. which at its simplest, operates Norwegian Cruise Line (its standard line), Oceania Cruises (its upscale line) and Regent Seven Seas Cruises (its luxury line). Sophia Loren was asked if she was interested in being MSC Lirica’s godmother for its launch in 2003.
Genting Hong Kong Limited (GTHKF): Tan Sri Lim Kok Thay, chairman and CEO; Hong Kong
With the vaccines being rolled out since the beginning of this year, booking activities for cruises continue to rise. Founded in 1972 by Ted Arison, Carnival Cruise Line started out with just one secondhand ship, Mardi Gras. As much as it surprises people to discover that Lamborghini is owned by Volkswagen and Ferrari was once predominantly owned by Fiat in the auto industry, which corporations control and operate specific cruise lines and brands is also rather fascinating. Besides a handful of independent cruise companies, the bulk of brands are owned by four corporations. Here's how it all breaks down with a primary focus on U.S.-centric oceangoing cruise lines.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
In addition to their smaller size and more intimate onboard experience, the vessels provide understated elegance with elements like marble bathrooms and Bulgari bath products. Although Azamara is often compared with Oceania Cruises, Azamara differentiated itself from other upmarket cruises through longer stays in ports and more overnights. In 2013, it went even further with its AzAmazing Evenings, which provide special experiences that travelers wouldn't ordinarily get to do, like attend a private classical music concert at Ephesus. When Azamara first entered the market in 2007, it struggled to make its mark in the deluxe cruising niche. In 2009, luxury cruise industry veteran Larry Pimentel -- an executive with 25 years of experience working with lines such as Cunard, SeaDream and Seabourn -- took the helm. With a fleet of 19 ships that offer great food, award-winning entertainment and top-deck jaw-droppers like laser tag, go-karts and waterslides, Norwegian Cruise Line is one of the cruise industry's most popular brands.
What Makes MSC Cruise Line Stand Out?
MSC Cruises is registered in Switzerland, with its headquarters in Geneva. The company provides cruises on a global scale, catering to different nationalities. Announcements are frequently made in German, French, Spanish, Italian, and English.
Is Carnival Cruise Line owned by Norwegian Cruise Line?
The cruise line is part of the Mediterranean Shipping Company, founded by Gianluigi Aponte. Gianni Onorato has 30 years of experience within the cruise ship industry, having previously been the president of Costa Cruises, and has held the position since 2013. People cannot buy shares in this company as they can with Royal Caribbean, Carnival Cruise Line, and Norwegian Cruise Line. MSC Cruises provides luxury accommodations with a relaxing and upscale experience on board. It attracts a slightly younger crowd, with the average age being 45 years, while other cruise lines average those who are 46 years of age.
Azamara Cruises: A Small Club of Four Cruise Ships
This allows passengers to have a truly seamless door-to-gangway (and back again) cruise experience. Now, Celebrity sails more than a dozen vessels and still offers the same upmarket experience for which it was founded. It features a high-end vibe that's not all-inclusive, which allows fares to remain affordable when compared to luxury lines. If you've ever wondered who owns Royal Caribbean International, you've come to the right place. The line is owned and operated by Royal Caribbean Group (formerly Royal Caribbean Cruise, Ltd.), which also includes Celebrity Cruises and Silversea Cruises.
During the summer, they deploy most ships in Northern Europe or the Mediterranean. Recently, they have run two ships in Florida over the summer months to the Caribbean islands and the Bahamas. MSC Cruises will build another class of large ships that will arrive later this decade, along with a series of smaller luxury cruise lines operating under separate divisions. The onboard entertainment centers around visuals like acrobats, dancers, or music. Over half a century ago, Norway’s oldest shipping company founded Norwegian Caribbean Line.
Norwegian transportation company Hurtigruten is a trusted provider of cruises to the most remote areas of Antarctica, Norway, Western Europe, the Baltic Sea, and Greenland. The company also operates as a public transportation service providing buses, ferries, and high-speed vessels not only in Europe but also in the US and South America. The company recently posted a loss of $195 million for 2020, citing pandemic-related restrictions.
Countries include Greece, Italy, Spain, Iceland, Norway, Croatia, Japan, Ireland and Israel. Celebrity took on Journey and Quest -- both former Renaissance Cruises ships known among cruise fans as "R ships" – with plans to fold them into its Celebrity Xpeditions sub-brand, but then changed its mind. Azamara Club Cruises, as it was rebranded in 2009, is currently helmed by Carol Cabezas and headquartered in Miami, FL.
This operation included the ship felucca Giovannina, which went around the Sorrento Peninsula for many years. In terms of their cruise line, they rank fourth largest behind Carnival Corporation, Norwegian Cruise Line Holdings, and Royal Caribbean Group. Gianluigi retired from his position as CEO of MSC in 2014, becoming chairman. Virgin Voyages is owned in part by Richard Branson, with major investments from Bain Capital. On July 31, 2021, after numerous delays, the highly anticipated Mardi Gras entered service, sailing year round from Port Canaveral. In 1993, Carnival began to get rid of their older second-hand tonnage, and sold their first ship, Mardi Gras, after 21 years of service with the line.
Genting's cruise revenue amounted to $1.3 billion making it the main driver for the growth of the company. The first of the three new Sitmar ships came into the Princess brand in 1989 as Star Princess, the largest British exclusively cruising ship. Ranking 9th on our list of the 15 largest cruise companies in the world is NY-based Lindblad Expeditions Holdings with a market cap of $1.04 billion.
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