Cruise stocks rise after CDC lifts no-sail order, clears industry to plan return

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The CDC announced today that it will replace its nearly 8-month old no-sail order with a less restrictive “Conditional Sailing Order.”

The CDC change doesn't mean cruising in the U.S. will resume next week, or potentially anytime soon, especially as new cases of theThe new order establishes a framework that will help the industry implement safety measures that will enable it to resume operations in U.S. waters in a phased approach, the CDC said in a statement. Before restarting passenger operations in any commercial form, the companies will face tests from the CDC on how safe their protocols are, the agency said.

"This framework provides a pathway to resume safe and responsible sailing," Redfield said in a statement. "It will mitigate the risk of COVID-19 outbreaks on ships and prevent passengers and crew from seeding outbreaks at ports and in the communities where they live." The CDC originally issued a no-sail order for cruise ships in U.S. waters on March 14 after hundreds of coronavirus infections and several Covid-19 deaths were reported onboard ships with outbreaks across the world. The CDC previously said "that cruise ship travel exacerbates the global spread of Covid-19" in justifying the order.

While most industries have suffered from the pandemic, the cruise industry is among the hardest hit. Shares of Royal, Carnival and Norwegian are down at least 50% from Jan. 1. However, all three have outpaced broader market gains since hitting their lows in mid-March. Shares of Norwegian, for example, are down nearly 70% since Jan. 1, but have clawed back some gains since hitting a 52-week low on March 18. The stock is up more than 100% since then.

 

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The condition being that you are willing to die? Get stuck at sea with no nation willing to let you disembark?

Cruise ships are mega ocean polluters.

Makes sense, since we’re breaking daily case records, and most cruises host retirees

Apparently, a whale just bet big on the cruise line stocks and sent the pump order to CNBS.

This is a great miracle! THE POWER OF THE BLOOD OF JESUS!! ExpressFridayVigil

Capitalism wins again

'If you will not use the Long-Suffering of GOD to bring Repentance before HIM, a time will Come when HE will Shut the Door to repentance. ExpressFridayVigil

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