Thu 11 Dec 2008, 10:57 GMT

NCL suspends fuel supplement


Norwegian cruise firm removes supplement with immediate effect.



In response to the current continued decline of fuel prices, Norwegian Cruise Line (NCL) has announced that it is suspending the company's fuel supplement effective immediately for all voyages departing in 2009.

NCL will refund the fuel supplement in the form of an on-board credit for all 2009 bookings within the final payment period. All existing 2009 bookings outside of the final payment period will be adjusted to remove the fuel supplement and NCL will revise the final payment amount.

"Global fuel prices have dropped to a level where we can now suspend the fuel supplement, making an NCL Freestyle Cruising vacation an even greater value," said Andy Stuart, NCL's executive vice president, global sales and passenger services.

NCL said it will continue to closely monitor global fuel prices to assess whether a reinstatement of the fuel supplement will be necessary in the future.

The company said it reserved the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

Rival cruise lines Carnival Corp. and Royal Caribbean Cruises Ltd. have also decided to remove their existing fuel surcharge this month following the recent decline in crude prices.


Bound4blue received Bureau Veritas (BV) Design Assessment. Bound4blue wins Bureau Veritas design assessment for Model 3-24 eSAIL at SMM 2026  

Independent design assessment adds credibility as bound4blue’s suction sail fleet reaches 13 vessels.

TRAnsverse 2900 tug render. Svitzer orders six TRAnsverse 2900 biofuel-ready tugs from Cheoy Lee  

Towage provider expands next-generation TRAnsverse fleet with fresh Hong Kong order.

UK alternative maritime fuels coalition logos. UK shipping bodies launch alternative fuels coalition to drive net zero transition  

New cross-industry body aims to align fuels, infrastructure and policy for shipping decarbonisation.

mtu 12V2000M96 SCR engine. Rolls-Royce expands mtu yacht propulsion portfolio with variable-speed gensets and new SCR system  

Rolls-Royce Power Systems launches two mtu Series 2000-based systems targeting efficiency and emissions compliance.

Houston skyline. Uni-Fuels seeks senior bunker trader in Houston following general manager hire  

Bunker firm looking for candidate with proven track record in bunker trading.

Yanmar Maritime awarded DNV type approval for fuel cell system. Yanmar Maritime receives DNV type approval for hydrogen fuel cell system at SMM  

The GH-FC series certification is aimed at easing adoption of hydrogen propulsion across vessel types.

Euwyn Tan, Flex Commodities. Flex Commodities appoints senior marine fuels trader in Singapore  

Euwyn Tan joins Flex Commodities to strengthen its marine fuels trading operations in Asia.

Closing ceremony of vessel with builder's hull no. 0208121. LNG dual-fuel boxship handed over to Eastern Pacific Shipping  

Closing ceremony held in Jingjiang for 8,400-TEU container vessel.

Everllence's 175D high-speed engine render. Everllence and Damen sign framework agreement for serial supply of 175D engines  

Agreement covers high-speed engine supply for Damen’s fuel-flexible tug programme and beyond.

IINO Lines and BGN signing. IINO Lines signs time charter deal with BGN for LPG dual-fuel VLGC  

Japanese shipowner’s fourth LPG dual-fuel vessel will offer rare dual-canal Panama Canal transit capability.