Advertisement

OSG/Celebrity 1996 Results

Overseas Shipholding Group (OSG), which owns 49 percent of Celebrity Cruises, reported net income for the year ended Dec. 31, 1996, of $2.5 million, or $0.7 per share, on revenues of $455.9 million, compared to a net loss of $8.6 million, or $0.24 per share, on revenues of $413.9 million in 1995. Included in the 1996 results is a net gain of $3.8 million from the sale of tankers compared to a similar gain of $1.8 million in 1995.

OSG also said that the continued highly competitive pricing environment for Celebrity Cruises was reflected in the company's 1996 results.

Cruise Industry News Email Alerts

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

120 Ships | 261,852 Berths | $69 Billion | View

New 2019 Annual Report

CIN Annual Report

In This Edition:

2027 Projections

Global Outlook

North America

Europe

Asia/Pacific

Fleet Data

Market Reports