2005, June 24: Ocean Shipping Consultants (OSC),
a United Kingdom based research company, in its latest report "The World
Cruise Shipping Industry to 2020-A Detailed Appraisal of Prospects" reports
growth in the cruise industry.
a report carried in the MarEx newsletter, OSC reported that, despite the
repercussions of terrorism and the slump following the attacks on New York and
Washington on September 11th, 2001, the world cruise ship fleet continued to
grow at a rapid pace in recent years. The number of berths for vessels of over
50-passenger capacity increased from 160,000 in 1995 to over 310,000 in 2005.
Empress of the Seas
American cruise market was expected to have approximately 9.25 million
passengers in 2005 and was projected to grow to 12 million passengers by 2010.
Group, which now includes, among other subsidiaries, P&O Cruises, accounted for
133,500 berths, while closest competitor, Royal Caribbean Cruise Lines (RCCL),
had 62,000 berths, and Malaysian-owned Star Cruises, 26,000.
OSC said the top 13 cruise companies accounted
for over 75 percent of the berths at 236,000 of the aggregate 313,000 berths.
Carnival "Fantasy", venue of
CSA's 20th AGM
The Southeast Asia markets were projected to grow
from an estimated 250,000 passengers in 2005 to nearly 1 million passengers in
The cruise industry was expected to add 11
additional large cruise ships by 2010 to meet demand. The latest announcement in
new tonnage came from French engineering giant Alstom, which owns Chantiers de
L'Atlantique yard, regarding a letter of intent from Italian owned MSC Cruising
to build two of the largest cruise ships ordered by an European cruise company.
The ships, with 1,500 cabins and capacity for 4,000 passengers and a crew of
1,500, will be delivered in 2008 and 2009.
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