PortandTerminal.com, May 22, 2020
Royal Caribbean said it was unclear when the company would be ready to begin even limited operations
GALVESTON, TX – Royal Caribbean Cruises on Wednesday officially extended the suspension of its cruises through July 31.
Royal Caribbean International President and CEO Michael Bayley announced the cancellation during an earnings call Wednesday morning.
The announcement means the company won’t sail ships immediately after the scheduled end of a no-sail order imposed by the U.S. Centers for Disease Control and Prevention in April. That order is scheduled to end July 24.
Royal Caribbean executives said it was unclear when the company would be ready to begin even limited operations.
“It’s very difficult to have any certainty of time and shape of recovery,” said Richard Fain, the chairman and CEO of Royal Caribbean Cruises Ltd., which owns and operates Royal Caribbean International and other subsidiaries.
Royal Caribbean operates a fleet of 62 ships, including two that regularly sail from the Port of Galveston. The company had planned to make 123 cruises out of Galveston in 2020. No cruises have left the Port of Galveston since March 13.
In March Royal Caribbean announced that it has entered into a $2.2 billion secured term loan facility for the next year. This will give the company a total of $3.6 billion of liquidity to weather the current downturn in the cruise business.
Carnival Cruise Line, which operates three ships out of Galveston, has announced tentative plans to resume sailings out of the port on Aug. 1.
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