Cruise Stocks Soar After News That Sailings Could Resume In July

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Sailings would resume on condition of widespread vaccinations.

All three major cruise companies—Carnival, Royal Caribbean and Norwegian Cruise Line—experienced a major boost in stock price as the market opened on Thursday, after news broke overnight the CDC could give the all-clear for sailings to resume in mid-July after over a year of suspended operations.... [+]Norwegian Cruise Line spiked more than 6.5% after the market opened Thursday, while Royal Caribbean was up nearly 5% and Carnival rose around 4.5%.

The massive surge has since dropped, but Norwegian Cruise Line and Carnival remain far outpacing the overall market rise on Thursday.to cruise industry leaders on Wednesday targeting mid-July as a sailing restart date. The restart is contingent on cruise ships being able to demonstrate 98% of crew and 95% of passengers have been fully vaccinated, according to the letter.

Cruising hasn't taken place from U.S. ports since March 14, 2020, after cruise ships became some of the earliest hotspots for Covid-19 transmission.The letter came as a result of twice-weekly meetings between cruise industry leaders and health officials, according to

 

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Ban those pollution vessels for good. Or make them clean up the horrific output of greenhouse gasses and harmful particulates they emit.

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