Total Active Cases
The tourism industry has been hit hard by the COVID-19 pandemic, and cruise lines are no exception. In fact, they appeared particularly vulnerable to outbreaks early on in the crisis, and sailings stopped around the world. These groundings led to an 80 percent revenue drop and $4 billion in losses for Norwegian Cruise Line, one of the largest cruise companies in the world, The Wall Street Journal reports. Yet, at the same time, CEO Frank Del Rio's compensation doubled to $36.4 million, a Journal analysis of executive pay in 2020 found. The increase was in part driven by bonuses tied a three-year contract extension, a Norwegian Cruise spokesman said, adding that Del Rio's pay included amounts related to the effects of the pandemic and a U.S. government decision to halt travel to Cuba. "We believe these changes were in the best interests of the company and secured Mr. Del Rio's continued invaluable expertise," the spokesman told the Journal. "Our management team took quick, decisive action to reduce costs, conserve cash, raise capital." He said that a plan to relaunch the company's fleet is underway, as well. To be clear, Del Rio is not an outlier. Pay rose in 2020 for 206 of the 322 CEOs in the Journal's analysis, and the median pay for the executives in that group jumped to $13.7 million last year from $12.8 million in 2019. While it's true that many CEOs took salary cuts during the pandemic, the Journal notes that much of their pay is tied to bonuses or equity, so they were still able to reel in a lot of money when the stock market rebounded. Read more at The Wall Street Journal. More stories from theweek.comTrump finally jumps the sharkThe immense untapped potential of offshore wind7 brutally funny cartoons about Mitch McConnell's corporate hypocrisy
AUBURN-- On Saturday, the first trade show to return for in person services the start of the pandemic was held at the Norway Savings Bank Arena in Auburn. The 2021 Maine Home Show, which brings together locally owned home repair, realtor, and home improvement companies, offers customers the chance to meet with local businesses and see their products and services. "It's very important to be able to talk to somebody one on one," organizer Travis Dow said.
Footage released by the Norwegian Rescue Coordination Centre showed some of the 12 crew members jumping into the ocean from the badly listing Eemslift Hendrika before being rescued by helicopter. Others were hoisted directly from the deck.All were brought to safety, but the vessel - currently some 130 km (80 miles) off the coast in the North Sea - is at risk of sinking, Norwegian officials said.The Hendrika has around 350 tonnes of heavy oil and 50 tonnes of diesel in its tanks, the Coastal Administration said in a statement.
The Biden administration, which had set a goal of 100 million shots in President Joe Biden’s first 100 days in office, hit another milestone Friday. The U.S. became the first nation to vaccinate 100 million people. However, cases of COVID-19, the disease caused by the coronavirus, remain on the rise in some regions of the United States. "I plead with you, don't give back the progress we've all fought so hard to achieve," Biden said Friday.
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * U.S. nonfarm payrolls surge more than 900,000 in March * Economic optimism, rising yields support dollar * Dollar index rises in five of last six weeks (Adds new comment, U.S. data, updates prices, changes byline, dateline...
Company Rallies Behind IWD’s Global #ChooseToChallenge Campaign Pays Tribute to Boundary-Breaking Female Leaders Throughout the Organization Month-Long Celebration Included Spotlight Series, Speed-Mentoring Sessions and Empowerment Talks MIAMI, April 01, 2021 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (“Norwegian” or “the Company”) (NYSE: NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today concludes its celebration of Women’s History Month and International Women’s Day. Throughout March, the Company celebrated its extraordinary women team members worldwide through a variety of initiatives including spotlight series, speed mentoring sessions and empowerment talks. “At Norwegian Cruise Line Holdings we are proud to celebrate the incredible achievements of the countless female leaders across our Company,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “We believe in supporting and empowering women not just in March but every day of the year, and we are committed to maintaining a safe, diverse and inclusive workplace for all team members. This commitment is reflected across the organization from our Board of Directors which is comprised of one-third women to our shoreside manager and above leadership team which is approximately 50% female.” Throughout March, the Company featured female leaders who have broken stereotypical barriers to hold positions traditionally held by men. Their stories and inspirational backgrounds were featured on the Company’s social media and employee channels. The dynamic leaders spotlighted this month included: Bernadine Vallejos-Gonzaga- Bernadine holds the position of Fire‘woman’ on board Norwegian Escape. Born and raised in Cebu City, Philippines, Bernadine entered the Fire Service in the Philippines in 2009 and in 2017 she began her career at sea. She has since completed five contracts on board Norwegian Escape. In her daily work, she walks between 10,000 – 12,000 steps a day, checking fire equipment, training new hires, preparing for safety inspections and ensuring that all areas of her ship are free of fire hazards.Lisa Streckfus- Lisa is the Senior Director, Fleet Surveillance in the Security Operations Department. After attending the nearly all male United States Merchant Marine Academy in Kings Point, New York she earned her BS degree in Marine Engineering and Third Assistant Engineer License. She sailed on merchant vessels as an Engineer and worked on her Pilot’s license during vacations. During her 10-year career with NCLH, Lisa has led several efforts, from modernizing the surveillance systems on board our ships to partnering with U.S. Customs & Border Patrol for expedited immigration processing.Mary Landry- Mary serves as a member of our Board of Directors and is a retired Rear Admiral of the U.S. Coast Guard. She has an impressive background in maritime operations over the course of her 35-year career with the government, including service on the White House National Security Council as Special Assistant to the President and Senior Director for Resilience Policy from 2013 to 2014. Additionally, Mary served active duty in the U.S. Coast Guard, holding various positions and culminating in her advancement to Rear Admiral before her retirement in 2011. Some of her career accomplishments included being Commander of the largest Coast Guard District with over 10,000 active, reserve, civilian, and auxiliary personnel under her command.Serena Olive- Serena is a 2nd Officer on board Norwegian Dawn. After several years working on board with a cruise line concession partner, she discovered a fascination with the technical aspects of the ships, including the navigation, arrivals, departures and the bridge operation. To pursue this passion, she returned to her home country, Italy, and studied at the Nautical Institute of Gallipoli / Amerigo Vespucci. In 2018, she joined Norwegian Gem as a Deck Cadet. She also worked on Norwegian Star before returning to Italy for her Navigation Officer exam, which she completed in March 2020, before becoming part of the bridge team on Norwegian Dawn.Dimple Jethani- Dimple joined the Company in 2018 as Senior Vice President & Co-CIO, IT Operations and Governance. In her current role at NCLH, Dimple is responsible for the following areas: IT governance/Project Management Office (running the business of IT); cybersecurity; infrastructure; IT compliance, service desk support for our shoreside, ship side, and island operations; ship applications; newbuild, drydock, island and terminal technology initiatives; and automation platforms. Presently, she’s leading the Company’s Return to Service technology initiatives.Jhoana Suarez- Jhoana currently serves as Second Engineer on board Norwegian Getaway after joining the Company in 2016 as an Engine Cadet. As Second Engineer, she works in the Engine Control Room as watchkeeper, where she monitors and controls the operations happening throughout the engine department. She’s also responsible for performing assigned equipment maintenance. Leading up to her current role, Jhoana studied Maritime Engineering at the Maritime University of the Caribbean. She also studied English and French in the Army Languages School and later went to work on an oil tanker in her native country, Venezuela.Alicia Cuervo- Alicia is the Company’s Vice President, On-Shore Design, Development and Construction. In her current role she is responsible for all shoreside design development and construction projects for the Company, including the massive new PortMiami terminal. Prior to joining the Company in 2018, Alicia spent more than 20 years in the government sector of building, construction and compliance. She worked nearly 10 years with the Florida Department of Transportation and has held a number of roles in city and county government. The Company also sponsored a Women in Leadership Symposium “Onward & Upward- The Era of the Empowered Woman” in March hosted by the Florida Diversity Council. The Symposium featured five influential female leaders as panelists including one of the Company’s exceptional senior executives, Andrea DeMarco, Senior Vice President of Investor Relations, Corporate Communications and ESG. Norwegian Cruise Line hosted speed-mentoring sessions, conversations with female leaders and encouraged team members to both share their empowerment stories and show their appreciation of team members around the globe. In addition, the team held a conversation with radio’s Danielle Monaro and Medha Gandhi of Elvis Duran and The Morning Show, a leading American syndicated weekday morning radio program and Norwegian Cruise Line partner. Regent Seven Seas Cruises’ Women Who L.E.A.D campaign recognized six game-changing women who were nominated as beacons of outstanding leadership, with extraordinary career paths. Team members were asked to nominate women that have excelled professionally and inspired others to follow in their footsteps or pave their own paths to success exemplifying Leadership, Empowerment, Advocacy and Diversity (L.E.A.D.). The extraordinary winners and their bios can be found here: Regent Seven Seas Cruises’ Women Who L.E.A.D. campaign About Norwegian Cruise Line Holdings Ltd. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with approximately 60,000 berths, these brands offer itineraries to more than 490 destinations worldwide. The Company has nine additional ships schedule for delivery through 2027, comprising of approximately 24,000 berths. Cautionary Statement Concerning Forward-Looking Statements Some of the statements, estimates or projections contained in this release are “forward-looking statements” within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this release, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, prospects, actions taken or strategies being considered with respect to our liquidity position, valuation and appraisals of our assets and objectives of management for future operations (including those regarding our environmental, social, governance and diversity, equity and inclusion initiatives, expected fleet additions, our voluntary suspension, our ability to weather the impacts of the COVID-19 pandemic and the length of time we can withstand a suspension of voyages, our expectations regarding the resumption of cruise voyages and the timing for such resumption of cruise voyages, the implementation of and effectiveness of our health and safety protocols, operational position, demand for voyages, financing opportunities and extensions, and future cost mitigation and cash conservation efforts and efforts to reduce operating expenses and capital expenditures) are forward-looking statements. Many, but not all, of these statements can be found by looking for words like “expect,” “anticipate,” “goal,” “project,” “plan,” “believe,” “seek,” “will,” “may,” “forecast,” “estimate,” “intend,” “future” and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: the spread of epidemics, pandemics and viral outbreaks and specifically, the COVID-19 pandemic, including its effect on the ability or desire of people to travel (including on cruises), which are expected to continue to adversely impact our results, operations, outlook, plans, goals, growth, reputation, cash flows, liquidity, demand for voyages and share price; our ability to comply with the CDC’s Framework for Conditional Sailing Order and any additional or future regulatory restrictions on our operations and to otherwise develop enhanced health and safety protocols to adapt to the pandemic’s unique challenges once operations resume and to otherwise safely resume our operations when conditions allow; coordination and cooperation with the CDC, the federal government and global public health authorities to take precautions to protect the health, safety and security of guests, crew and the communities visited and the implementation of any such precautions; our ability to work with lenders and others or otherwise pursue options to defer, renegotiate or refinance our existing debt profile, near-term debt amortization, newbuild related payments and other obligations and to work with credit card processors to satisfy current or potential future demands for collateral on cash advanced from customers relating to future cruises; our future need for additional financing, which may not be available on favorable terms, or at all, and may be dilutive to existing shareholders; our indebtedness and restrictions in the agreements governing our indebtedness that require us to maintain minimum levels of liquidity and otherwise limit our flexibility in operating our business, including the significant portion of assets that are collateral under these agreements; the accuracy of any appraisals of our assets as a result of the impact of COVID-19 or otherwise; our success in reducing operating expenses and capital expenditures and the impact of any such reductions; our guests’ election to take cash refunds in lieu of future cruise credits or the continuation of any trends relating to such election; trends in, or changes to, future bookings and our ability to take future reservations and receive deposits related thereto; the unavailability of ports of call; future increases in the price of, or major changes or reduction in, commercial airline services; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; adverse incidents involving cruise ships; adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; any further impairment of our trademarks, trade names or goodwill; breaches in data security or other disturbances to our information technology and other networks or our actual or perceived failure to comply with requirements regarding data privacy and protection; changes in fuel prices and the type of fuel we are permitted to use and/or other cruise operating costs; mechanical malfunctions and repairs, delays in our shipbuilding program, maintenance and refurbishments and the consolidation of qualified shipyard facilities; the risks and increased costs associated with operating internationally; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our expansion into and investments in new markets; our inability to obtain adequate insurance coverage; pending or threatened litigation, investigations and enforcement actions; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; our inability to recruit or retain qualified personnel or the loss of key personnel or employee relations issues; our reliance on third parties to provide hotel management services for certain ships and certain other services; our inability to keep pace with developments in technology; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under “Risk Factors” in our most recently filed Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 pandemic. It is not possible to predict or identify all such risks. There may be additional risks that we consider immaterial or which are unknown. The above examples are not exhaustive and new risks emerge from time to time. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law. Investor Relations & Media Contact Andrea DeMarco(305) 468-2339InvestorRelations@nclcorp.com Jessica John(786) 913-2902
Denmark and Norway along with 12 other countries have in a joint statement expressed concern that the WHO-led team of researchers behind a report on the origin of covid-19 did not have access to all relevant data in Wuhan in China. According to Danish media, NordJyske, the statement was posted on the State Department’s Web…Read more →
The Finnish Ministry of Foreign Affairs has announced that all travellers reaching the country from Iceland will have to quarantine for a period of ten days after the latter was removed from the yellow category to the red category of high-risk COVID-19 countries. The decision has been taken based on the weekly assessment of the […]
Norway's $1.3 trillion sovereign wealth fund, the world's largest, should not include Saudi Arabian companies in the reference index governing the fund's investment, the finance ministry said on Friday. Saudi stocks should not be included due to environmental, social and corporate governance (ESG) risk, the ministry said in its annual recommendation to parliament.
SINGAPORE - In February, the Gov.sg TikTok channel, set up in April last year, posted a video in response to a comment from a TikTok user who claimed that 29 elderly people had died in Norway because of side effects from the Pfizer-BioNTech vaccine.. Read more at straitstimes.com.
Halvor Molland was asleep on a brisk night in Oslo, Norway’s capital, two years ago when his phone rang around 3 a.m. The computer servers of Norsk Hydro, the global aluminum producer where Molland is senior vice president for communications, had seized up as a crippling ransomware infection spread through the company’s networks. “The feeling is: You really don’t believe it,” Molland recalled in a recent interview. “There was a decision then to shut down the network altogether, because at some point there was nothing left to isolate.” The ransomware attack would cost Norsk Hydro, which employs 35,000 people and has roughly 200 factories around the world, between $90 million and $110 million as production in some factories halted for weeks. Yet Molland and his team did something unusual for a large industrial organization disrupted by hackers: They told the public what happened in vivid detail, releasing video interviews in […]
Most extensive and up to date airline knowledge base: More than 50,000 aircraft, 6,500 airports and 5,000 airlines, access to fleet lists, worldwide airline schedules and route networks, airline management contacts, airline capacity and frequency analysis, airline PSS directory, up to date airline and route network news.
A war of words is threatening to break out between the French Women's National Team and its leading club side, after three Lyon players were included in the national squad against the wishes of the club who's entire squad has been placed in isolation following a spate of positive Covid-19 tests.
President Joe Biden believes Americans “deserve better information” about the origin of Covid-19 and further steps from the global community, White House press secretary Jen Psaki said Tuesday after the release of a World Health Organization report that said the pandemic is very likely to have started with transmission from one animal to another, and
Food delivery startups, and specifically those focused on grocery delivery, continue to reap super-sized rounds of funding in Europe, buoyed by a year of pandemic living that has led many consumers to shift to shopping online. Today, the latest of these is coming out of Norway. Kolonial, a startup based out of Oslo that offers […]
Tedros’ change in stance should be viewed against the backdrop of the growing condemnation of and scepticism over the WHO’s role and functioning during the Covid crisis. World Health Organization Director-General Tedros Adhanom Ghebreyesus recently chided China for not releasing key data on the origins of the novel coronavirus. This was unexpected, as he had […]
SINGAPORE - In February, the Gov.sg TikTok channel, set up in April last year, posted a video in response to a comment from a TikTok user who claimed that 29 elderly people had died in Norway because of side effects from the Pfizer-BioNTech vaccine.. Read more at straitstimes.com.
Contact tracing data from a new preprint study on the medRxiv* preprint server provides further evidence that the B.1.1.7 variant — first reported in the United Kingdom — has a high transmission rate. The research, led by Birgitte Freiseleben de Blasio from the Norwegian Institute of Public Health and the University of Oslo in Norway, estimates B.1.1.7 has a 60% greater transmission within households than other severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) variants of concern.
Science's COVID-19 reporting is supported by the Heising-Simons Foundation It's been one step forward, two back for AstraZeneca's COVID-19 vaccine. Even as the company rebutted criticism of its efficacy claims last week, a bigger problem loomed for the vaccine and the many millions depending on it. Evidence continues to accumulate that an unusual clotting disorder seen in dozens of European recipients is a real, albeit rare, side effect. A preprint has detailed a proposed mechanism, and multiple scientific groups have said the worry is legitimate and must be seriously weighed against the vaccine's COVID-19 protection. This week, Canada and Germany joined Iceland, Sweden, Finland, and France in recommending against the vaccine's use in younger people, who seem to be at higher risk for the clotting problem and are less likely to develop severe COVID-19. The approach makes sense given that other vaccines are available, says Sandra Ciesek, a virologist at Goethe University Frankfurt. “We do not have just one vaccine. We have several.” AstraZeneca's vaccine incorporates the spike gene from SARS-CoV-2 into another, nonpathogenic virus. Last month, many countries suspended its use following initial reports of the clotting issues in recipients, which have led to at least 15 deaths in Europe. Some researchers dismissed the cases as normal background levels of blood clots. And most countries resumed vaccinations after the European Medicines Agency (EMA) said the vaccine's benefits outweigh any risks, even though it couldn't rule out that the clotting symptoms were connected to the vaccine. In parallel, the company's initial report of results from a key vaccine trial in the Americas drew unexpected criticism. In a press release, AstraZeneca claimed the trial had shown the vaccine had 79% efficacy in preventing symptomatic disease. But the independent board overseeing the trial protested that the data the company put out were “outdated” and potentially misleading. Two days later, AstraZeneca revised the efficacy down to 76%, leaving observers baffled by the dispute, but mostly reassured. The potential side effect, on the other hand, does not seem to be going away. An EMA expert group discussed it on 29 March, but the agency issued no immediate public update; EMA's risk assessment panel will evaluate the issue next week. The highly unusual combination of symptoms—widespread blood clots and a low platelet count, sometimes associated with bleeding—has so far been reported from at least seven countries. Medical societies around the world have warned members to be on the lookout for the clotting disorder in vaccine recipients and report it. Estimates of the incidence range from one in 25,000 people given the AstraZeneca vaccine in Norway to at least one in 87,000 in Germany. “People are absolutely working like crazy behind the scenes to provide more clarity,” says Saskia Middeldorp, a vascular internist at Radboud University Medical Center in the Netherlands. So far, most of the clotting cases have been observed in women under age 65. That may be because many European countries used the shot only in younger, prioritized populations, such as health care workers and teachers, a majority of whom are women. They initially hesitated to give it to people older than 65 because the company's early clinical trial data included few in that group. The United Kingdom remains a puzzle. Despite administering more than 11 million AstraZeneca doses, it has so far reported only a handful of suspicious clotting cases. But the U.K. did not limit the vaccine to younger groups, so the average age of recipients there may be older. AstraZeneca had not commented on the clotting cases as Science went to press, except to say the rare set of symptoms did not appear in the company's vaccine trials. Researchers in Germany have proposed that some component of the vaccine triggers a rare immune reaction like one occasionally seen with the blood thinner heparin, in which antibodies trigger platelets to form dangerous clots throughout the body. This week the team posted case descriptions of what they call vaccine-induced prothrombotic immune thrombocytopenia (VIPIT) on the preprint server Research Square. The team, led by Andreas Greinacher at the University of Greifswald, also recommends a way to test for the disorder and a treatment, which they say should help ease worries about the vaccine. Even if VIPIT isn't the whole story, multiple other researchers told Science they are now convinced the vaccine somehow causes the rare set of symptoms. If true, that could be a serious blow to a vaccine that is central to the World Health Organization's push to immunize the world. AstraZeneca is working with partners around the globe to make and distribute billions of doses in low- and middle-income countries. Discussion of this possible side effect is likely to stoke short-term vaccine hesitancy, says Michael Bang Petersen, a political scientist at Aarhus University in Denmark. He stresses, however, that clear, transparent communication about possible risks is crucial for maintaining public trust in all COVID-19 vaccines. “It is very important that we do not lose the war because we are too eager to win the short-term battle,” he says.
Quarantine hotels and Easter trips According to the Norwegian government, quarantine hotels are an infection-control measure. In this blog post we contest this view, and argue that the rules are penal in character. “We” are all Norwegian: four medical doctors, one psychologist, and three jurists. The rules distinguish between “necessary” and “unnecessary” travel, but the…