The golden age of cruises / ANALYSIS

We are living through a golden age in the international cruise market. Global demand continues to rise and there is a real race to order among the major shipping groups.
According to Cruise Industry News data updated in August 2018, there are 113 ocean cruise ships on order, making a total of about 268,000 new lower beds that will hit the market in the coming years. The total value of these new orders reaches the figure of USD 67 billion, a frightful amount but a real godsend for the specialised shipyards. There are three main European groups that share almost all of the new ship market, namely Meyer, Fincantieri and the Chantiers de l’Atlantique, with the Italian company now completing its acquisition of a majority stake in the French group. Today, these giants of the shipbuilding industry can boast workloads through to 2027, a situation that was entirely unforeseeable only ten years ago with the 2008 economic crisis.
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