Costa Moves Up, Seventh Largest Brand

Moving up to become the seventh largest cruise brand in the world in 2004, according to estimates by Cruise Industry News, Costa Crociere will be able to accommodate some 625,000 passengers in 2004.

Costa recently reported that 2003 had been a record year with 557,300 passengers and 4,315,116 passenger days, compared to 462,036 passengers and 3,619,986 passenger days in 2002, and with sales of 785.6 million euros compared to 733 million euros in 2002.

Operating income was 105 million euros, according to Costa, which said it was down compared to 2002 because of strong pressure on prices throughout the year, adding that the price pressure had leveled off at the beginning of 2004.

In related news, Costa also named Gianni Onorato president. Onorato, who was formerly vice president of cruise operations, will report to Chairman and CEO Pier Luigi Foschi.

Part of Onorato's objectives will be to further streamline and innovate the company's core business.

Other appointments include Mario Martini who has been named senior vice president of sales and marketing for the Europe markets and "the rest of the world." Martini was previously vice president of sales and marketing. Meanwhile, Dino Schibuola, chairman and CEO of Costa Cruises in Miami, remains in charge of the markets in North, Central and South America.

Assuming Onorato's previous position as vice president of cruise operations is Antonio De Rosa, who has joined Costa from MSC Cruises.

A central administration and finance department has also been established under the newly appointed vice president and CFO Beniamino Maltese who was formerly vice president and group treasurer.

Comparing Numbers...

Using an exchange rate of $1.20, Costa's reported revenues for 2003 (785,647,000 euros or $942,776,400), translate into revenue per passenger day of $218.48 for 2003, compared to $243.05 for 2002.

The reported operating income translates into $29.20 per passenger day for 2003.

Total costs and expenses are estimated to be 680,647,000 million euros (the difference between revenues and operating income) or $816,776,400 which translates into $189.29 per passenger day.

For 2003, Carnival Corporation reported revenue per passenger day of $201.68 for the group as a whole, operating income of $41.52, and costs and expenses of $160.16.

Royal Caribbean Cruises reported revenue of $188.60, operating income of $26.22 and costs and expenses of $162.38 per passenger day for 2003.

The Star Group reported revenue of $189.45, operating income of $12.40, and costs and expenses of $177.05 per passenger day for 2003.

Cruise News | Top Cruise Stories

The Star Legend will launch the line’s Alaska program this summer, also featuring expedition landings.

Excelling at Diversity

Mar 22, 2018
Everything on the Star Legend’s deployment this year is new, with the ship now in the Pacific and…
Linken D’Souza

D’Souza’s Eclectic F&B Journey

Mar 21, 2018
At first, Linken D’Souza may seem like an odd hire to run food and beverage for Royal Caribbean…
The Britannia is joined by the Adventure of the Seas as two big ships dock in Curacao.

Curacao Traffic Boosted by New Pier

Mar 21, 2018
Traffic is skyrocketing in Curacao as the 2018 calendar year is set to see a 16 percent increase in…
MHA Logo

Industry Ready for 33rd Annual Marine Hotel…

Mar 20, 2018
The 33rd annual Marine Hotel Association (MHA) conference and trade show is set for April 8 – 10,…
Rick Meadows, president of Seabourn

Ultra Lux Experience

Mar 20, 2018
The addition of the 604-guest Seabourn Ovation will round out the line’s fleet at five ships as the…
Kevin Douglas

Major Revitalizations

Mar 19, 2018
Among the big out-of-water projects for Royal Caribbean Cruises this year are revitalizations of…
Richard Vogel, president and CEO

Pullmantur Reports Larger Share of Spanish Market

Mar 16, 2018
Pullmantur Cruises has announced that about a third of all Spaniards who cruised in 2017 sailed on…
MSC Armonia

MSC Armonia to Sail from Miami for Cuba Itinerary

Mar 15, 2018
MSC Cruises today announced that, as of December 10, 2018, the MSC Armonia will add Miami to its…
Triple Call in Montego Bay

Caribbean Growth on Target

Mar 14, 2018
It will be another record year in the Caribbean with the most ships and highest passenger capacity…
Caribbean Cruise Trends

Caribbean Cruise Trends Report Available for Free…

Mar 13, 2018
The 2018 Caribbean Cruise Trends Report is now available for free download from Cruise Industry…
Seated (from left):  Nicholas Tragakes, CEO, Global Maritime Group; and John Dennis, vice president, CMV. Standing (from left): Alexos Tsokos, director of finance, CMV; Abraham Garay, general director, Acapulco DMO; Bernardo Varela, director, Grupo TMM; Jesus Radilla, undersecretary, ministry of tourism, Guerrero; and Daniel Martinez de Pinilos, country manager, CMV.

Cruceros Maritimos Vacacionales Gearing Up in Acapulco

Mar 13, 2018
Sailing under the brand name of Cruceros Maritimos Vacacionales, Cruise & Maritime Voyages (CMV)…
Silver Spirit Cut in Two

Silver Spirit Cut in Two

Mar 12, 2018
Silversea’s Silver Spirit was cut in two over the weekend at Fincantieri Shipyard in Palermo as…

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

106 Ships | 261,812 Berths | $64 Billion | View.

Latest Magazine Issue | Spring 2018

CIN Spring 2018

In This Edition:

Itinerary Planning

Luxury Market


Food + Beverage

Executive Profiles