Cruiseships have held their value over the years in a sector that has broken one earnings record after another amid booming demand for affordable escapes to paradise.
That is until several weeks ago, when the multibillion-dollar sector careened into the coronavirus pandemic and found itself reeling amid onboard outbreaks and cancelled voyages.
Valuations were hit particularly hard two weeks ago when two-thirds of the world's fleet — at least 230 vessels — left the market as Carnival Corp and other owners shut down to help contain the virus.
