The insurance companies are quick to add to the list those companies in default. RELATED: Royal Caribbean and Norwegian Cruise Line seek additional credit RELATED: Carnival Corp says it has enough cash for another year of no cruising The company says it has undertaken a number of cost reduction and cash conservation measures to mitigate the effect of the loss of revenues from its operations, but that its Never,ever get trip insurance with the cruise line company/ Travel company. So I guess you have to ask yourself, if you booked would you be able to sleep at night! Check this out--http://current.newsweek.com/budgettravel/2009/07/river_cruises_why_travel_insur.html. In some cases, cruise ships are missing ports due to COVID-19-related issues, such as a passenger testing positive for the illness while on board. Depending on your billing cycle, that gives at most 120 days of coverage. There have been articles out this year on Viking looking for investors, and they have had at least one deal fall through, the investment firm claimed the pulled out first and Viking claimed they did so who knows what really happened, but here are links to a couple of articles that I could find just by doing a search. Related: Has MSC Cruises cracked the code for a safe return to cruising? I have been using them for years. WebFind many great new & used options and get the best deals for P & O Ferries Viking Voyager Commerative 25 Anniversary Cruise May 1989 Signed at the best online prices at eBay! Among the lines that have begun tiptoeing back into operation with a few sailings is Germany's Tui Cruises, which Royal Caribbean partly owns through a joint venture. Powered by Invision Community. Viking Ship In Trouble Off the Coast of Norway, Passengers Use down arrow key to expand the menu and up arrow key to collapse the menu and hit enter to select the link, Do Not Sell or Share My Personal Information. Media Center - Press Releases - Viking Cruises My Trip - Travel Information My Trip - Updates on Current Sailings For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. It also owns the Werften shipyards in Germany, where the first expedition ship for Crystal Cruises currently is under construction. Contact your Sales Agent or our Customer Service November 23, 2022 , Cruise Industry. Viking Cruises has an overall rating of 3.2 out of 5, based on over 619 reviews left anonymously by employees. When buying the insurance make sure it covers financial default, not all do. Let's construct an example. The two other big, publicly traded cruise companies are in a similar position. Copyright 19952023 The Independent Traveler, Inc. decided to stop their river boat operations. While it doesn't guarantee they are in financial trouble, it would give me pause. http://www.professionaltravelguide.com/Travel-News/Cruise/Viking-investment-deal-is-off-p2150895, http://www.telegraph.co.uk/finance/newsbysector/transport/5225290/Viking-River-Cruises-in-buy-out-deal.html.
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is viking cruise lines in financial trouble?