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Full Chapter Report On The Development of Cruise Industry in China 2019 Hong Wang PDF
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Hong Wang Editor
Report on the
Development of
Cruise Industry in
China (2019)
Report on the Development of Cruise Industry
in China (2019)
Hong Wang
Editor
123
Editor
Hong Wang
Shanghai International Cruise
Business Institute
Shanghai University of Engineering Science
Shanghai, China
This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd.
The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721,
Singapore
Editorial Board
v
Compilers of the Book
Special Topic
Jianyong Shi, Ling Qiu, Linkai Qi, Hong Wang, Ruiqin Jiang, Junqing Mei
Wenyu Hou, Fushun Lin, Ishihara Hiroshi
Policy Suggestions
You Nong Wang, Yan Hui Gao, Jun Qing Mei, Zhanglin Lin, Ruihong Sun,
Qingqing Zhang, Huiyu Hong, Yuanqin He, Xinliang Ye, Jingjun Gu, Guodong
Yan, Jinlin Zhao, Jing Shen, Wenlu Shen, and Wei Wang
vii
Foreword
2019 is the 70th anniversary of the founding of New China, the key year for building
a moderately prosperous society in all respects, the sprint year for implementing the
13th Five-Year Plan, and the first year for launching the whole industry chain of
China’s cruise economy substantively. Under the era background of further depar-
ture of reform and opening up, China’s cruise economy has entered a critical period
of transition from “high-speed growth” to “high-quality and high-grade develop-
ment” and a key stage of initiating a China’s era for international cruise economy.
The global cruise tourism market size keeps a steady growth. The Cruise Lines
International Association (CLIA) is positively optimistic about the development
prospects of the cruise tourism market. It is predicted that the global cruise pas-
senger throughput will reach 30 million in 2019 and 37.6 million in 2025, indi-
cating that the international cruise market enjoys good projects and potential.
Asia-Pacific is becoming the most promising important part of the global cruise
market. Seen from the homeport cruise ships operating in the Chinese market, there
were 12 ships in 2015, 18 ones in both 2016 and 2017, 16 ones in 2018, and 14
ones in 2019. Although the Chinese market has temporarily fallen back in quantity
in 2019, the quality is still continuing to improve from the perspective of the whole
market. In the next few years, China will welcome the latest and best international
cruise ships one after another. “Spectrum of the Seas”, the first cruise ship of the
Quantum Ultra Class of Royal Caribbean Cruises accessed the Chinese market on
June 3, 2019, with the latest technology in the cruise industry, serving as the largest
and most expensive cruise ship in Asia. It is planned to deploy “Oasis V”, the
world’s largest cruise ship with a tonnage of 230,000, in the Chinese market in
2021. “Venezia”, the first Vista class cruise ship tailored for the Chinese market by
Costa Crociere S.p.A also accessed the Chinese market in 2019, and its sister ship
“Costa Frienze” will enter China in 2020. MSC Bellissima, the new flagship cruise
ship, will also present itself in China in the spring of 2020. The two “world class”
cruise ships with a tonnage of 204,000 and a maximum passenger capacity of 9,500
newly built by Genting Cruise Lines will be deployed in Shanghai Home Port in
2021. While some cruise lines are adjusting their transport capacity, more inter-
national cruise lines will deploy their latest and best cruise ships in the Chinese
ix
x Foreword
market, which is the most powerful proof of market confidence. Over the past
decade, China’s coastal cities have invested heavily in cruise ports. Shanghai,
Dalian, Tianjin, Qingdao, Zhoushan, Xiamen, Sanya, Guangzhou and Shenzhen
have built cruise ports one after another. There are also about 20 seaports with
cruise reception capacity in Zhejiang, Fujian and Shandong. All these lay a good
foundation for the development of cruise tourism.
With the new development in the new era, people’s spending power has
increased, which makes them more demand for a better life, and their demand for
leisure tourism is also moving to a higher level. In this case, cruise tourism is
definitely an important choice. China has maintained its position as the world’s
largest source of outbound tourism for many years and kept a steady growth. This
also provides a good customer base for the development of China’s cruise market.
In the past two years, China’s cruise economy has achieved a high-quality devel-
opment and stepped into a key stage of initiating a China’s era for international
cruise economy. China has introduced many policies on cruise ships from the
central government to local governments. 10 national sectors including the Ministry
of Transport and the Ministry of Culture and Tourism jointly issued the Several
Opinions on Promoting the Development of Cruise Economy in China. Shanghai
Municipal People’s Government issued the Several Opinions on Promoting the
Deepening Development of the Cruise Economy in Shanghai. The People’s
Government of Fujian Province promulgated the Implementation Plan for
Promoting the Development of Cruise Economy. The People’s Government of
Guangzhou Municipality promulgated the Several Measures for Accelerating the
Development of Guangzhou International Cruise Industry. All these have given a
strong and powerful guidance and support for the high-quality development of
cruise economy. Both the policy environment and market environment for the
development of cruise economy have improved significantly. With the imple-
mentation of relevant policies on cruise economy step by step, the policy dividend
will be further released, which will certainly propel China’s cruise economy to a
better development.
The cruise industry has entered the second decade of development in China, with
both opportunities and challenges. The popularization of cruise culture is still
sluggish. Many tourists still attach great importance to tourism ashore. They
overvalue the cost performance of cruise products rather than the essential attributes
of cruise ship itself for leisure and vacation. There is an urgent need to enhance
tourists’ awareness of cruise ships, strengthen the development momentum of the
cruise market, and cultivate China’s pursuit of a new lifestyle of cruise ships. To
effectively solve the problem of independent development and low interaction
between multi-regional cruise ports in China, the “multi-port call” policy has been
implemented. However, no breakthroughs have been made so far, causing bottle-
necks in the development of multi-home-port and mutual-home-port routes,
affecting the collaboration effect. There is still no major breakthrough in the design,
manufacturing and maintenance of cruise ships in the upstream and midstream
of the industry chain. The development of cruise lines headquarters economy and
cruise industry chain is still in its infancy, requiring a greater strategic innovation.
Foreword xi
The local cruise industry develops slowly and there is a lack of strong local cruise
fleet. The cluster effect of industry factors is low. No mature industrial system has
been formed for the design and construction of cruise ships. No independent
intellectual property rights of cruise repair and construction have been mastered.
And regional radiation and impetus effect are limited.
To have a better study of the development of China’s cruise economy and a
systematic and in-depth research on the future trend of China’s cruise market,
Shanghai University of Engineering Science and Shanghai International Cruise
Business Institute initiated the compilation of the report, which is an annual
research report written based on the latest development of international cruise
economy. It has become the most authoritative research works on the cruise
industry in China. As the trend of China’s cruise economic development, the report
has attracted much attention and positive evaluation from the academic circles and
the industry, becoming an important basis for the government and cruise lines to
formulate the cruise industry development plan and strategy. I would like to express
my sincere gratitude and admiration for the achievements it made.
Report on the Development of Cruise Industry in China (2019) focuses more on
the study of cruise economy industry chain based on the previous editions and the
latest trend of China’s cruise economy, includes Special Topic: Cruise Economic
Reform and Innovation in the New Era, explores Asia cruise economic prosperity
index, China’s cruise economy whole-industry-chain strategy in the new era, the
development of cruise destinations in the context of the Yangtze River Delta
integration, which provides a good reference for better promoting the high-quality
development of China’s cruise market.
I hereby express deep gratitude to the editors and workers, who have long been
contributing to the Report on the Development of Cruise Industry in China (2019),
as well as heartfelt thanks to all the friends who have cared for and supported the
development of China’s cruise economy. Hopefully, my colleagues will make
persistent efforts to have greater innovations, in order to better realize the
high-quality development of China’s whole cruise industry chain and explore the
Chinese path and model. I am expecting to see that more and more people with
vision join the development tide of whole industry chain of China’s cruise economy
to make unremitting efforts to better meet the needs of the people for a better life
and contribute to building a moderately prosperous society in all respects and
realizing the great rejuvenation of the Chinese nation.
xiii
xiv Introduction to the Main Editor
Development and Reform Commission (NDRC) and over 30 provincial and min-
isterial research projects, published over 70 monographs and essays, many of which
have been included by EI and ISTP. More than 30 of her research achievements
have been successively awarded the first prize for Shanghai Governmental
Decision-Making and Consultation Research Achievements, the second prize for
Shanghai Science and Technology Progress Award, the excellent award of
Shanghai Deng Xiaoping Theory Research and Propaganda, the excellent award of
Shanghai Philosophy and Social Science Community Discussion, the first prize for
Shanghai Teaching Achievements, and the first prize for Shanghai Education and
Scientific Research Achievements and other provincial and ministerial awards.
Professor Hong Wang once served as the Executive Committee Member of the
All-China Federation of Trade Union, Representative of the All-China Women’s
Federation, President of Shanghai University of Engineering Science,
Vice-Chairman of Shanghai Federation of Trade Unions, Vice-Chairman of
Shanghai Commercial Enterprise Management Association, Vice-Chairman of
Shanghai Creative Industry Association, Vice-Chairman of Shanghai Science and
Art Society, and Director of Shanghai International Cruise Economic Research
Center, etc.
Contents
xv
xvi Contents
Abstract In 2019, despite the significant increase in the risks and uncertainties
of the world economy, the global cruise tourism market keeps a steady growth.
According to the forecast of the CLIA, the global cruise passenger throughput is
expected to reach 30 million in 2019, up 5.19% year-on-year. This will be the first
time for passenger throughput to exceed 30 million and it is expected to reach 37.6
million in 2025, indicating that the international cruise market enjoys good projects
and potential. North America is still the world’s largest cruise market. In 2018, its
passenger throughput reached 14.2 million, up 9% year-on-year. The cruise passenger
throughput in Caribbean reached 11.3 million, up 6% year-on-year, continuing to be
the world’s No. 1 cruise destination. The cruise passenger throughput in Alaska
exceeded 1 million, up 13% year-on-year. The cruise passenger throughput in Euro-
Mediterranean Area exceeded 4 million, up 8% year-on-year. Asia has become the
fastest growing region in the global economy, providing a more solid foundation
and development potential for the cruise economy. In 2018, the cruise passenger
throughput in Asia reached 4.2 million, up 5% year-on-year, and there is a large
room for growth in the future. It is becoming the most promising important part
of the global cruise market. There is an increasing demand for cruise construction
market. By 2027, there will be 114 new cruise ships ordered worldwide, with 247,600
new seats available, most of which are cruise ships with a tonnage above 130,000.
As China become more engaged in the whole industry chain of cruise economy such
as cruise design and construction, cruise operation and cruise industry supporting
services, the world cruise industry is gradually adjusting its development pattern to
H. Wang (B)
CPC Baoshan District Committee, Shanghai, China
e-mail: wh@sues.edu.cn
J. Shi
Party Committee of Shanghai University of Engineering Science, Shanghai, China
e-mail: shijy@edu.cn
J. Mei
Shanghai Wusongkou Development Co., Ltd., Shanghai, China
e-mail: m@cruiseresearch.cn
further boost the sustained prosperity of the global cruise economy and enhance the
status and influence of Asia-Pacific in the global cruise market.
The cruise economy features large scale, stable growth and strong clustering. It has
gradually become a featured industry for coastal port cities to transform and upgrade
their industries and improve their urban functions, and a new momentum to promote
the development of the marine economy. According to the statistics of the CLIA,
the global cruise passenger throughput reached 28.5 million in 2018, up 7% year-
on-year, higher than 28.2 million originally predicted. It grows faster than expected.
North America is still the largest cruise market in the world, with a cruise passenger
throughput reaching 14.2 million, up 9% year-on-year. Among which, Caribbean
that boasts the most coastal countries has been the most popular cruise destination in
the world with its excellent port resources, abundant tourism resources and favorable
climate conditions. It attracts many cruise brands, a wealth of cruise routes and a
wide range of tourists. Its cruise passenger throughput reached 11.3 million in 2018,
up 6% year-on-year, maintaining its absolute dominant position as the No. 1 cruise
destination in the world. The cruise passenger throughput in Alaska exceeded 1
million, up 13% year-on-year. The cruise passenger throughout in Asia increased by
5%, and then to 4.2 million, and that in Mediterranean increased by 8% to over 4
million (Fig. 1).
The CLIA is positively optimistic about the development prospects of the cruise
tourism market. It is predicted that the global cruise passenger throughput will reach
30 million in 2019 and 37.6 million in 2025, indicating that the international cruise
market enjoys good projects and potential. The global cruise market is mainly con-
centrated in Caribbean, Asia-Pacific, Mediterranean, Northern and Western Europe,
Australia and Alaska, which account for 85% of the total. Caribbean is still the most
concentrated area of the global cruise market. Its passenger throughput accounts for
nearly 40% of the total, reaching 38.4% in 2018. The development of Asia-Pacific
economy provides a good consumer base for the development of cruise tourism in
Asia-Pacific, with a remarkable space for growth. Its share of passenger throughput
in global cruise market has increased from 8% in 2013 to 15.1% in 2018, making it
the world’s second largest cruise market after Caribbean (Fig. 2).
1 Research on Developments in Global Cruise Industry in 2018–2019 … 5
Global Cruise
Growth rate
Passenger Throughput
Fig. 1 Global cruise passenger throughput and growth rate in 2009–2019. Data source Cruise
Lines International Association
Caribbean
Asia-Pacific Region
Australia
The Mediterranean
Western Europe
Alaska
Other Regions
West Coast
Canary Islands
South America
Northern and
Fig. 2 Distribution of global cruise passenger market. Data source Cruise Lines International
Association
Table 1 Overview of the world’s top five cruise lines in 2018 (data updated to early 2019)
Cruise Headquarter Founding time Number of Number of
companies base cruise ships brands
Carnival Miami, the U.S. In 1972 105 9
Corporation
Royal Caribbean Miami, the U.S. In 1968 52 6
Cruise Ship
Norwegian Miami, the U.S. In 1966 26 3
Cruise Line
MSC Cruises Naples In 1987 15 1
Genting Cruise HKSAR, China In 1993 9 3
Lines
Data source Cruise Lines International Association
In terms of the world cruise market structure, the cruise lines giants dominate the
market. The giant cruise lines with the fleet size and strength of among the top three
in the world cruise industry occupy more than 80% of the world cruise market shares.
The fleet size is quite large. All the cruise lines except MSC Cruises adopt multi-brand
strategy. They operate various cruise brands and put different levels of cruise brands
into different regions. In 2018, there were 342 cruise ships operating worldwide, with
a total of 569,000 lower berth seats. Among which, Carnival Corporation, the largest
cruise operator in the world, had the most passenger seats, with a market share of
43%. Royal Caribbean Cruises accounted for 27%, Norwegian Cruise Line for 9%,
and MSC Cruises for 8%. However, with the continuous increase of new cruise ships
in MSC Cruises, MSC Cruises is expected to rise to the third largest cruise operator
in the world, and its international influence and status will be significantly enhanced
(Table 1).
Carnival Corporation has nine cruise brands, a total of 105 cruise ships, with
240,400 berths. Among which, Carnival Cruise Line has the most fleets, up to 26,
with 69,890 berths. It mainly operates in the North American market. Costa Crociere
S.p.A that pursues hospitable Italian service has 14 cruise ships, with 34,874 berths.
Princess Cruises has 17 cruise ships, with 45,180 berths. Aida Cruises has 13 cruise
ships, with 30,212 berths. Holland America Line, with a history of 140 years, has 15
cruise ships, with 26,022 berths. P&O Cruises, the oldest cruise lines in the world,
has 7 cruise ships, with 17,311 berths. P&O Cruises Australia has 5 cruise ships,
with 7,710 berths. Cunard Line has 3 cruise ships, with 6,712 berths. The luxury
cruise brand Seabourn Cruises Line has 5 cruise ships, with 2,588 berths.
Royal Caribbean Cruises currently has 4 cruise brands including 52 cruise ships,
with 132,000 berths. Among which, Royal Caribbean International has 25 cruise
ships, with 80,690 berths. Celebrity Cruises at higher level has 13 cruise ships. TUI
Cruises, a joint venture with TUI Group, has 6 cruise ships. While Skysea Cruise
Line, a joint venture with Ctrip Group, closed in September 2018. Norwegian Cruise
Line owns three cruise brands including 26 cruise ships, with 54,800 berths. Among
which, Norwegian Cruise Line has 16 cruise ships. Oceania Cruises, a young brand
1 Research on Developments in Global Cruise Industry in 2018–2019 … 7
founded in 2002, has 6 cruise ships, with 5,256 berths. The luxury cruise line Regent
Seven Seas Cruises has 4 cruise ships, with 2,660 berths. MSC Cruises, the world’s
largest private cruise line, is the only single-brand operator among the top five cruise
lines in the world. It owns 15 cruise ships, with 44,600 berths. Genting Hong Kong
Limited, a local cruise lines in Asia, owns 9 cruise ships, with 15,400 berths. Among
which, Star Cruises has 4 cruise ships, with 6,505 berths. Dream Cruises, the first
local luxury cruise line in Asia, has 2 large cruise ships, i.e. “Genting Dream” and
“World Dream”, with 6,800 berths. The luxury line Crystal Cruises has 3 cruise
ships, with 2,104 berths (Table 2).
On February 1, 2019, the construction of the second cruise ship of the Quantum
Ultra Class of Royal Caribbean International officially kicked off at Meyer Werft
GmbH in Papenburg, Germany. This is the 27th cruise ship under Royal Caribbean
Cruises and was named “Odyssey of the Seas”. “Odyssey of the Seas” is scheduled
to set sail in the United States in the fall of 2020. In early 2019, Fincantieri S.p.A
officially delivered “Seven Seas Splendor”, a 55,000-GT cruise ship, to Regent Seven
Seas Cruises after “Seven Seas Explorer”. Another cruise ship will be delivered in
2023. Oceania Cruises also signed a contract with Fincantieri S.p.A for the construc-
tion of two Allura class cruise ships with a passenger capacity of 1,200. The deal
exceeded USD 1 billion, and the two cruise ships will be delivered in 2022 and 2025
respectively. Fincantieri S.p.A has delivered “Viking Jupiter”, a 47,000-GT cruise
ship with a passenger capacity of 930, to Viking Cruises. It will gradually deliver
10 new cruise ships of the same specifications to Viking Cruises, which will expand
Viking Cruises’ fleet size. In January 2019, Quark Expeditions, which specializes in
polar exploration, held a steel cutting ceremony for a new cruise ship at Brodosplit,
the largest shipyard in Croatia. The new polar expedition cruise ship will be built and
delivered in 2020. This new cruise ship will be 128 m long, with a gross tonnage of
13,500 and a maximum passenger capacity of 200. Carnival Corporation will usher
in two larger cruise ships with a gross tonnage of 180,000 and a passenger capacity of
5,200, which will be unveiled in 2020 and 2022. On November 21, 2018, “Celebrity
Edge”, the latest cruise ship of Celebrity Cruises, launched its maiden voyage in Fort
Lauderdale, USA. It mainly operates the Caribbean cruise routes. In February 2019,
Fincantieri S.p.A officially delivered to Viking Cruises its sixth cruise ship, Viking
Jupiter. Viking Jupiter, with a gross tonnage of 47,800 and a passenger capacity of
930, will be put into operation on the South American route from Buenos Aires to
Santiago. In addition to large ocean cruise ships, the expedition cruise fleet is also
expanding. There will be 12 expedition cruise ships built and put into operation in
2019, further expanding the market size of expedition cruise ships.
Those cruise lines have deployed their business in North America where there is
the largest cruise market in the world, including Carnival Corporation & PLC, Royal
Caribbean Cruises, Norwegian Cruise Line, and Crystal Cruises under Genting Hong
Kong Limited. Among which, Carnival Corporation & PLC has deployed 57 cruise
ships, with the largest market share, reaching 43.8%. It boasts 128,300 berths and
a cruise passenger throughput of 6.3983 million, with a market share of 43.8%.
Royal Caribbean Cruises has deployed 38 cruise ships, with 96,800 berths. Its cruise
passenger throughput has reached 4.3275 million, with a market share of 29.6%.
8 H. Wang et al.
Norwegian Cruise Line has deployed 25 cruise ships, with 50,600 berths. Its cruise
passenger throughput has reached 2.2131 million, with a market share of 15.2%.
Carnival Corporation & PLC, Royal Caribbean Cruises and Norwegian Cruise Line
accounted for 88.6% of the total, occupying an absolute share of the North American
market. Genting Cruise Lines has put its luxury cruise brand Crystal Cruises into the
North American market. With 2,104 berths, it received 59,600 cruise passengers in
2018, with a market share of 0.4% (Table 3).
As the world cruise tourism market gets better and better, the profitability of the
world’s top five cruise operators continues to improve as well. In 2018, Carnival
Corporation & PLC, the world’s largest cruise operator with 41.8% of the global
cruise market share, reported a total annual revenue of USD 18.88 billion, up 7.83%
year-on-year, and a net profit of USD 3.152 billion, up 21% year-on-year. Among
which, the revenue from cruise operation reached USD 18.609 billion, up 7.7% year-
on-year, including USD 13.93 billion from passage ticket, which accounts for 75%
of the cruise operation revenue, up 7.6% year-on-year. The net income per berth
reached USD 183.3 per night, up 5.3% year-on-year. The total operating cost per
berth was USD 158.96 per night. Royal Caribbean Cruises with 23.2% of the global
cruise market share reported a total annual revenue of USD 9.494 billion in 2018,
1 Research on Developments in Global Cruise Industry in 2018–2019 … 11
up 8.2% year-on-year, including USD 6.793 billion from passage ticket, up 7.6%
year-on-year. The net profit reached USD 1.816 billion, up 11.7% year-on-year. The
net income per berth reached USD 195.7 per night, up 4.4% year-on-year. Norwegian
Cruise Line with 9.4% of the global cruise market share, had a total annual revenue
of USD 6.055 billion in 2018, up 12.2% year-on-year, including USD 4.64 billion
from passage ticket, up 13.6% year-on-year. The net profit reached USD 955 million,
up 25.7% year-on-year. The net income per berth reached USD 249.8 per night, up
3.7% year-on-year (Fig. 3).
MSC Cruises, the world’s largest private cruise lines, had a total annual revenue
of about USD 3.961 billion in 2018, up 21.5% year-on-year, including USD 2.967
billion from passage ticket, up 21.5% year-on-year. The net profit was about USD
500 million, up 11.9% year-on-year. The net income per berth was about USD 152.2
per night, up −0.8% year-on-year. According to the financial report of Genting Hong
Kong Limited, a well-known Asian cruise operator, its revenue in 2018 totaled USD
1.6 billion, up 34% year-on-year. The number of days for cruise ships available
increased by 19%, the net income increased by 15%, and the load factor increased to
91%. With the first full-year operation of the two new cruise ships, Dream Cruises’
economies of scale have improved. Its earnings before interest, taxes, depreciation
and amortization (EBITDA) amounted to USD 72 million, reversing the loss of
USD 161 million in 2017. Dream Cruises, the first local luxury cruise brand in Asia
designed for Chinese and Asian high-end cruise market, had a profitability above
industry average (Table 4).
Fig. 3 Developments in total revenue of three major cruise operators in recent years. Data source
Four Major Cruise Lines’ Financial Report in 2018
12 H. Wang et al.
Table 4 Financial status of the four major cruise operators in the world in 2018
Cruise companies Financial indicator In 2018 Growth rate compared to
2017 (%)
Carnival Corporation Total revenue (USD 100 188.8 7.83
million)
Ticket revenue (USD 100 139.3 7.6
million)
Net profit (USD 100 31.52 21
million)
Net income per berth per 183.3 5.3
night (USD)
Royal Caribbean Cruises Total revenue (USD 100 94.94 8.2
million)
Ticket revenue (USD 100 67.93 7.6
million)
Net profit (USD 100 18.16 11.7
million)
Net income per berth per 195.7 4.4
night (USD)
Norwegian Cruise Line Total revenue (USD 100 60.55 12.2
million)
Ticket revenue (USD 100 46.4 13.6
million)
Net profit (USD 100 9.55 25.7
million)
Net income per berth per 249.8 3.7
night (USD)
MSC Cruises Total revenue (USD 100 39.61 21.5
million)
Ticket revenue (USD 100 29.67 21.5
million)
Net profit (USD 100 5 11.9
million)
Net income per berth per 152.2 −0.8
night (USD)
Data source Four Major Cruise Lines’ Financial Report in 2018
With the growing demand for the world cruise market, the supply of existing interna-
tional cruise construction plants is difficult to meet the increasing demand. Currently,
1 Research on Developments in Global Cruise Industry in 2018–2019 … 13
an average of 12 large cruise ships is needed every year. It is difficult to meet the fast-
growing demand of the market in a short time by relying solely on European cruise
construction plants. By 2027, there will be 114 new cruise ships ordered worldwide,
with 247,600 new seats available, of which Carnival Corporation & PLC accounts for
35%, Royal Caribbean Cruises for 16%, Norwegian Cruise Line for 11%, Genting
Hong Kong Limited for 5%, other cruise lines for 15% (Table 5).
Fincantieri S.p.A, as the world’s largest luxury cruise construction plant, has not
been affected by the slump of the international ship construction market. Its orders
are still in short supply. Its handling orders are 52 cruise ships, with 104,000 seats,
accounting for 49.1% of the global cruise construction market share. Among which,
the orders for the construction of 27 new ships were awarded in 2018, with a total
value of about USD 9.6 billion, including 14 cruise ships. Its operating revenue
reached USD 6.15 billion, up 9% year-on-year. The cruise business revenue grew
by 6.4%. The group profit was approximately USD 77.6 million, an increase of
30%. Fincantieri S.p.A boasts strong R&D and innovation capabilities to effectively
meet the new needs of the cruise market. It has 3 design centers and 1 research
center, as well as 20 shipyards in Italy, USA, Australia, Singapore, Norway, India,
Poland, Brazil, etc., with 20,000 employees. In the first quarter of 2019, Fincantieri
S.p.A received orders for 11 cruise ships from 5 cruise lines including Oceania
Cruises, Regent Seven Seas Cruises, Viking Cruises, MSC Cruises and Princess
Cruises, with a contract value of USD 9.36 billion. STX France holds orders for 10
cruise ships with 42,400 seats. Its orders are mainly from Royal Caribbean Cruises
and MSC Cruises. The four new “World Class” cruise ships built by MSC Cruises
in cooperation with STX France will be delivered in 2022, 2024, 2025 and 2026
respectively. All four new-class cruise ships with a gross tonnage above 200,000
will enlarge MSC Cruises’ fleet rapidly. Meyer Werft GmbH, which is known as
the world’s most modern shipyard and boasts the world’s largest indoor dry dock
so far, holds orders for 11 cruise ships with 38,900 seats. Its orders are mainly
from cruise operators such as Carnival Cruise Lines, Norwegian Cruise Line, Royal
Caribbean Cruises and Disney Cruises Line. Turku Shipyard in Finland holds orders
for 7 cruise ships with 35,000 seats. Its orders are mainly from Carnival Cruise Lines,
Royal Caribbean Cruises, MSC Cruises, Norwegian Cruise Line, and Disney Cruises
Line. MV Werften under Genting Hong Kong Ltd., which focuses on large cruise
ship construction, holds orders for 6 cruise ships with 11,400 seats. All these cruise
ships are tailored for Dream Cruises. Two 200,000-ton “world class” cruise ships are
currently under construction, which will be launched in 2021 and 2022 respectively.
By the end of 2018, the construction of the first “world class” cruise ship had been
completed by 20%. The first cruise ship is expected to be stationed in Shanghai
Home Port and Tianjin Home Port to meet the market demand in East China and
North China.
14 H. Wang et al.
At present, the global orders for cruise construction have been scheduled to 2027. By
2027, the world’s largest cruise operator Carnival Corporation will have 122 cruise
ships, with 319,400 berths. Its passenger throughput will reach 15.7751 million, with
a market share of 39.9%. Among which, CSSC Carnival Cruise Shipping Limited,
a cruise joint venture between China State Shipbuilding Corporation and Carnival
Corporation will have two cruise ships. Its passenger throughput will reach 670,000,
with a market share of 1.7% (Table 6).
Royal Caribbean Cruises, the world’s second largest cruise operator, will have
60 cruise ships in 2027, with 168,400 berths. Its cruise passenger throughput will
reach 8.4302 million, with a market share of 21.3%. Royal Caribbean International
will be still the world’s largest cruise brand, with 30 cruise ships and 104,300 berths.
Its cruise passenger throughput will reach 5.7148 million, with a market share of
14.4%. Celebrity Cruises will have 15 cruises, with 34,000 berths. Its cruise passenger
throughput will reach 1.3356 million. As of December 31, 2018, Royal Caribbean
Cruises had signed orders for new cruise ships with a total value of about USD 11.4
billion, excluding the orders with its cooperative brands, TUI Cruises and Silversea
Cruises. By 2025, the value of Royal Caribbean Cruises’ handling orders will hit a
record USD 16.4 billion (about CNY 112.8 billion). Royal Caribbean Cruises has
ordered the fifth Edge class cruise ship for its cruise brand Celebrity Cruises from
Chantiers de l’Atlantique at a cost of about USD 900 million in 2019 (Table 7).
MSC Cruises, a wholly-owned group in Italy, will have 9 new cruise ships in 2018–
2027. It will own 24 cruise ships in 2027, with 89,600 berths. Its cruise passenger
throughput will reach 4.5644 million, with a market share of 11.5%. It will surpass
Norwegian Cruise Line as the world’s third largest cruise operator (Table 8).
Norwegian Cruise Line, with a brand concept of “commitment, exclusiveness and
sincerity”, will have 6 new cruise ships in 2018–2017. It will own 32 cruise ships in
2027, with 72,900 berths. Its cruise passenger throughput will reach 3.5317 million,
with a market share of 8.9% (Table 9).
Genting Cruise Lines that focuses on Asian cruise market will have 6 new cruise
ships in 2018–2027, including 2 for Dream Cruises and 4 for Crystal Cruises. It will
own 15 cruise ships, with 26,700 berths. Its cruise passenger throughput will reach
2.0009 million, with a market share of 5% (Table 10).
Causes. These are like those producing the acute affection which
may easily merge into this by a continuation of such causes.
The symptoms too are alike. Inappetence, dullness, prostration,
arched back, vomiting, colic, constipation, with alternating diarrhœa.
There is hyperthermia with hot dry snout, thirst, increasing
emaciation, and anæmia.
Treatment. An entire change of diet, to green food, roots, fresh
milk, and soft mashes in limited quantity. Allow pure water freely.
Adopt all precautions against contamination of the food by the feet
or snout. The stomach may be quieted by oxide of bismuth (20 grs.)
or salol (10 grs.) two or three times daily, and the tone and secretions
of the stomach may be stimulated by bicarbonate of soda (1 dr.) and
nux vomica (1 to 2 grs.) thrice daily. In addition pepsin and muriatic
acid may be given with each meal in proportion adapted to its
amount. A life in the open air, and an occasional soapy wash will do
much to restore healthy gastric functions.
CHRONIC GASTRITIS IN THE DOG.
Causes: faults in diet, musty food, foreign bodies, poisons, lack of sunshine,
retained fæces, parasites, ill health, chronic diseases, icy bath, septic drink.
Symptoms: irregular appetite and bowels, fever, foul breath, red tongue, tartar on
teeth, dullness, prostration, vomiting of mucus or bile, tender epigastrium, arched
back, fœtid stools, emaciation. Treatment: regulate diet, sunshine, pure water,
scraped muscle, soups without fat, antiseptics, calomel, pepsin, muriatic acid,
strychnia.
Causes. The irregularity and variability of the food, overfeeding,
highly spiced foods, putrid or spoiled food, musty food, the
swallowing of pieces of bone, and of indigestible bodies, the
consumption of poisons, the absence of open air exercise, the
compulsory suspension of defecation in house dogs, and the
presence in the stomach of worms (spiroptera, strongylus), are
among the common causes of the affection. As in other animals, ill
health, debility, lack of general tone, and chronic diseases of
important organs (liver, kidney, heart, lungs) must be taken into
account. The plunging into cold water when heated and the licking of
septic water must also be named.
Symptoms. Appetite is poor or irregular, the nose dry and hot, the
mouth fœtid, the tongue reddened around the borders and furred on
its dorsum, the teeth coated with tartar, the animal dull and
prostrate, vomits frequently a glairy mucus mixed with alimentary
matters or yellow with bile, and there is constipation alternating with
diarrhœa. The epigastrium is tender to the touch, the back arched,
the fæces glazed with mucus or streaked with blood, and offensive in
odor. Emaciation advances rapidly and death may occur from
marasmus.
Treatment. Adopt the same general plan of treatment. Stop all
offensive and irritating food, give regular outdoor exercise, free
access to pure water, and every facility to attend to the calls of
nature. Give plain easily digestible food in small amount. In the
worst cases pulped or scraped raw meat, in the less severe mush, or
well-prepared soups with the fat skimmed off, and bread added.
Check the irritant fermentations in the stomach by salol, bismuth,
salicylate of bismuth, or naphthol. In case of constipation give 8 to 10
grs. calomel. Then assist digestion by pepsin (5 grs.) and
hydrochloric acid (10 drops) in water with each meal. If the
bitterness is not an objection 1 gr. nux vomica may also be added.
ULCERATION OF THE STOMACH.