The fiscal hits from COVID-19 just keep on coming, as cruise businesses are now slashing expenditures by delaying the start of big tasks.
Late Friday, Rodger Rees, port director, Port of Galveston, Texas, knowledgeable the Wharves Board of Trustees that Royal Caribbean Cruises Ltd. (RCL) had requested a 12 months-prolonged extension right before it starts development on a new $one hundred million cruise terminal at the Port of Galveston’s Pier 10.
The new terminal had initially been scheduled to open by slide 2021. Travel Agent covered that terminal announcement late last year.
Right after prolonged negotiations, the port had agreed it would allow for RCL to establish the terminal after the conclusion of a one hundred twenty-working day due diligence period, which expires in April. Now, Rees has advised the board that the functions will will need to renegotiate terms and language in the arrangement.
Vacation Agent requested RCL for a statement on Sunday and spokesperson Jonathon Fishman responded as follows:
“Due to the unprecedented impacts of the COVID-19 pandemic to the cruise and travel business, Royal Caribbean had to make the tricky selection to delay the Galveston cruise terminal undertaking. We keep on being fully commited to the undertaking and will proceed to revisit the undertaking program and timelines amidst this incredibly fluid predicament.
“We glance forward to proceed doing work carefully with the Port Authority and our partners and pals in Galveston to recuperate and bounce back again from these unexpected situations and to proceed to improve site visitors to the vacation spot now extra than ever right before.”
RCL has ceased running any new voyage departures on Azamara, Celebrity Cruises, Royal Caribbean International and Silversea Cruises at minimum by way of May twelve.
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