Cruise market prospects are better, shipyards are offering low prices and newer vessels are commanding premium pricing from passengers.
Yet market dynamics that would have sent the cruise sector into a newbuilding frenzy in previous years has not shaken ordering discipline that has taken hold in the industry.
Robin Farley, a New York analyst who covers cruise for investment bank UBS, says the fact that restraint continues in the current newbuilding pricing environment leads her to believe that vessel supply growth will remain low in the sector.
