Cruise industry

The European Commission's proposed revision of the EU Emissions Trading System (ETS) is supported by the Cruise Lines International Association (CLIA), which emphasizes that carbon pricing should enhance maritime competitiveness and infrastructure. The proposal aims to reinvest maritime ETS revenues into ports, alternative fuels, and bunkering to accelerate decarbonization while maintaining Europe's global maritime leadership. The cruise industry contributes €64.1 billion annually to Europe's economy and supports 445,000 jobs, with 98% of global cruise ships built in European shipyards.

Billionaires are engaged in a dispute over prime Miami land, a conflict that could potentially disrupt the cruise industry.

Miami-Dade county officials agreed to pay HRP Group over double the price for land on Fisher Island to protect a fuel depot used by the cruise industry. HRP Group won a bidding war for the property, purchasing it for $180m and planning $2bn condominium towers.

Miami-Dade county officials agreed to pay HRP Group over double the price for land on Fisher Island to protect a fuel depot used by the cruise industry. The Chicago-based HRP Group purchased the property for $180m in late September 2023, planning to develop $2bn in condominium towers.

Cruises are implementing measures similar to hotels to prevent sunbed overcrowding by using time-stamp stickers and removing towels from unattended beds. These actions aim to ensure fair access to sunbeds for all passengers.

Royal Caribbean's CEO reports strong demand for cruise services despite ongoing risks, indicating confidence in the company's market position.