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Norwegian Cruise Line (NCL) is an American cruise line founded in Norway in 1966, incorporated in the Bahamas and headquartered in Miami. [2] It is the fourth-largest cruise line in the world by passengers, controlling about 8.6% of the total worldwide share of the cruise market by passengers as of 2021 [update] . [ 3 ]
Royal Cruise Line became very successful and renowned as a high standard cruise line. In 1989, owner Panagopulos unexpectedly decided to sell the highly successful and profitable line. [2] Royal Cruise Line was acquired by Kloster Cruises, the parent company of Norwegian Cruise Line for 225 million, with Kloster's intent of gaining a foothold ...
In 1989, Royal Cruise Line was sold to Norwegian Cruise Line, which continued operation of the company, along with the Crown Odyssey, until 1996. A reorganization of all the fleets owned by Norwegian Cruise Line saw Crown Odyssey enter service with NCL's main fleet, where it was renamed Norwegian Crown.
The cruise lines stocks, despite positive performance this year, still look cheap on a forward P/E basis, with Carnival, Royal Caribbean, and Norwegian trading at 12, 14.6, and 12.6 times forward ...
Royal Majesty was 17 miles off course and was situated for 24 hours before tugs towed her off. In 1997, a second ship titled Crown Majesty was added (previously Crown Dynasty ). For the 1997 season, she continued the same cruise operations planned for Crown Dynasty , but at the end of that season both ships passed to Norwegian Cruise Line (NCL).
Norwegian Epic surpasses the Breakaway-class as NCL's second largest ship class. She represents the "third generation" of Freestyle cruising vessels and her size allows NCL to have ships in the "mega-class" of their competitors in Royal Caribbean International and Carnival Cruise Lines, though she is still 32% smaller by gross tonnage than Royal Caribbean's Oasis-class ships, the world's ...