5 Largest Cruise Companies in the World

0

Today we are going to take a look at the 5 largest cruise companies in the world according to Insider Monkey. MSC Cruises ranks fifth on the list. MSC is headquartered in Geneva, Switzerland. It’s run by the private shipping firm Mediterranean Shipping Co Ltd. The company serves the customers with trips to the Mediterranean and the Caribbean, as well as seasonal itineraries to China, Emirates and south America. MSC Cruises is about to restart trips in May 2021 in Northern Europe. In 2019, the company’s total assets boosted 42% to $13.5 billion from $9.5 billion. Also in 2019, its net income was $3.9 billion having a total of 17 vessels. MSC is followed by Royal Caribbean Group on the fourth spot with a market cap of $22.1 billion. The company works through its subsidiaries comprising Celebrity Cruises, Pullmantur and Royal Caribbean International. In 2017, the firm had 23.9% of the global market share. As of 2019, the company reported $10.9 billion of total revenue and $30 billion of total assets. The company reported to offer $4.5 billion in public shares, so its shares declined by 0.7% in pre-market trading on March 1, 2021. But good news, that the first “fully-vaccinated” cruise ship, Odyssey of the Seas will start its odyssey in May. Both the staff and guests will be vaccinated against the coronavirus. The ship will sail and reach Rhodes Island, Greek Islands of Athens, Mykonos, and Santorini. The company’s shares boosted by 14.27% over the past twelve months. Carnival Corporation ranks second by market cap in the world. As of 2017, the firm had 44% of the total global industry and in 2019 it reported $20.4 billion of total revenues and $45 billion of total assets. The company offers a wide range of fleet, such as Princess Cruises, Holland America Line, Carnival Cruise Line, ultra-luxury ship Seabourne, Cunard, AIDA, Costa, and P&O Cruises. This giant owns more than a hundred ships sailing to more than 700 ports across the globe. In September 2020, Carnival Corporation restarted sailing through its subsidiary Costa Cruises. For the past year, its shares declined 17.39%. For more information about the largest cruise companies in the world, please click and see the entire, original article.

Share.