Thu 19 Jun 2008 12:09

Cruise operator raises fuel surcharge


Leading US cruise line is the latest to hike its fuel supplement due to rising bunker prices.



Royal Caribbean Cruises Ltd., the world's second-biggest cruise line has announced that it is set to raise its fuel surcharge even further at the end of this month.

As a result of ongoing record high fuel prices, bookings made on or after June 30, 2008, will be subject to a revised fuel supplement of $10 per person, per day, for the first and second passengers in a cabin - $2 higher than before. The revised fees will apply to bookings made throughout the world on Royal Caribbean International.

The latest price increase comes less than two months after the company hiked its fuel surcharge from $5 to $8 per person, per day.

The new surcharges also apply to Royal Caribbean's sister line, Celebrity Cruises. The fees at another Royal Caribbean-owned line, Azamara Cruises, will increase even further according to the SEC filing. Passengers booking Azamara voyages on or after June 30 will pay a $15 per day surcharge, $7 more than before.

Speaking about the price increase, Royal Caribbean said "The fuel supplement will assist our company in offsetting the widespread increases in fuel prices that have more than doubled in recent years. The fuel supplement will be periodically reviewed, with the intent of being temporary, and may be adjusted as fuel prices fluctuate."

In a statement the company said "We have gone to great lengths to minimize the impact of rising fuel costs. Unfortunately, as fuel prices have reached record highs, we are forced to take this extraordinary step to offset our record costs and to remain competitive within our industry."

Royal Caribbean Cruises Ltd. operates Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Cruises and CDF Croisieres de France. The company has a combined total of 38 ships in service and six under construction. It offers cruisetour vacations in Alaska, Asia, Australia, Canada, Europe, Latin and South America and New Zealand.

Martin Vorgod, CEO of Global Risk Management. Martin Vorgod elevated to CEO of Global Risk Management  

Vorgod, currently CCO at GRM, will officially step in as CEO on December 1, succeeding Peder Møller.

Dorthe Bendtsen, KPI OceanConnect. Dorthe Bendtsen named interim CEO of KPI OceanConnect  

Officer with background in operations and governance to steer firm through transition as it searches for permanent leadership.

Bunker Holding's executive management team, from left to right: CCO Anders Grønborg,  COO Peder Møller, CEO Keld R. Demant and CFO Michael Krabbe. Bunker Holding revamps commercial department and management team  

CCO departs; commercial activities divided into sales and operations.

Image of a bunker delivery being performed by Peninsula's Hercules 8000 tanker vessel. Peninsula extends UAE coverage into Abu Dhabi and Jebel Ali  

Supplier to provide 'full range of products' after securing bunker licences.

A screenshot taken from Peninsula's homepage on October 4, 2024. Peninsula to receive first of four tankers in Q2 2025  

Methanol-ready vessels form part of bunker supplier's fleet renewal programme.

Stephen Robinson, pictured on his appointment as Head of Bunker Strategy and Procurement at Tankers International. Stephen Robinson heads up bunker desk at Tankers International  

Former Bomin and Cockett MD appointed Head of Bunker Strategy and Procurement.

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.


↑  Back to Top