Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL
Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or
the “Company”) today announced that the Company’s three brands –
Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas
Cruises – have opted into the U.S. Centers for Disease Control and
Prevention’s (“CDC”) COVID-19 Program for Cruise Ships Operating in
U.S. Waters (the “Program”), the agency’s voluntary COVID-19 risk
mitigation program for foreign-flagged cruise ships operating in
U.S. waters. The Program comes into effect after the expiration of
the Temporary Extension and Modification of Framework for
Conditional Sailing Order on January 15, 2022.
“The health and safety
of our guests, crew and communities we visit is our number one
priority. We have demonstrated this commitment since our return to
service in July of last year, with protocols that exceeded those
required by regulatory agencies, including 100% vaccination of
guests and crew, universal testing of all guests prior to
embarkation and routine testing of all crew,” said Frank Del Rio,
president and chief executive officer of Norwegian Cruise Line
Holdings Ltd. “Furthering our commitment to health and safety, with
the expiration of the CDC’s Conditional Sail Order, our three
brands have opted into the CDC’s voluntary Program, which provides
the cruise industry with a set of operating provisions to protect
the health and safety of guests and crew. Our adoption of the
voluntary Program provides guests, crew, travel partners and other
stakeholders with the assurance that our brands will continue to
meet and exceed the provisions laid out by the CDC and provide
unparalleled health and safety protocols not found in any other
sector of the travel and leisure space.”
The Company advised
the CDC of its three brands opting into the program earlier today.
As part of its SailSAFE health and safety program, the Company’s
SailSAFE Global Health and Wellness Council, chaired by former head
of the U.S. Food and Drug Administration, Dr. Scott Gottlieb,
continues to advise the Company on protocols in light of
advancements in medicine and technology to combat the spread of
COVID-19.
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 nearly 60,000 berths, these
brands offer itineraries to more than 490 destinations worldwide.
The Company has nine additional ships scheduled for delivery
through 2027, comprising approximately 24,000 berths.
About
SailSAFE
Norwegian Cruise Line Holdings Ltd. established
its SailSAFE health and safety program in response to the unique
challenges of the COVID-19 global pandemic to protect guests, crew
and communities visited. SailSAFE is a robust and comprehensive
health and safety strategy with new and enhanced protocols to
create multiple layers of protection against COVID-19. This
science-backed plan for a safe and healthy return to cruising was
developed in conjunction with a diverse group of globally
recognized experts and will be continuously improved, modified and
refined using the best available science and technology. For more
information on the SailSAFE health and safety program please visit
http://www.nclhltd.com/Health-and-Safety.
About the
SailSAFE Global Health and Wellness Council
The SailSAFE Global Health and Wellness Council
(“Council”) was established by Norwegian Cruise Line Holdings Ltd.
to provide expert advice on the implementation, compliance with and
continuous improvement of the Company’s SailSAFE health and safety
program. The Council will complement the work of the Healthy Sail
Panel and continuously evaluate and identify ways to improve health
and safety standards, utilizing the best technologies and
information available. The Council is cross-functional, diverse and
extensively experienced, comprised of four experts at the forefront
of their fields and led by Chairman of the Council, Dr. Scott
Gottlieb, former commissioner of the U.S. Food and Drug
Administration.
Cautionary Statement Concerning
Forward-Looking StatementsSome 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 expected fleet additions, our
suspension of certain cruise voyages, our ability to weather the
impacts of the COVID-19 pandemic, 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, plans or goals for our sustainability program and
decarbonization efforts, our expectations for future cash flows and
profitability, 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 regulatory restrictions on our operations and to
otherwise develop enhanced health and safety protocols to adapt to
the pandemic’s unique challenges; legislation prohibiting companies
from verifying vaccination status; 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, refinance or restructure 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 need for additional
financing or financing to optimize our balance sheet, 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 the COVID-19
pandemic or otherwise; our success in controlling operating
expenses and capital expenditures; 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, Quarterly Report on Form 10-Q 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 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.
Media ContactEdel Cruz(305)
468-2339InvestorRelations@nclcorp.comNCLHmedia@nclcorp.com
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