In response to the current continued decline of fuel prices, Norwegian Cruise Line (NCL) announced today that it is suspending the company's fuel supplement effective immediately for all voyages departing in 2009.
NCL will refund the fuel supplement in the form of an on-board credit for all 2009 bookings within the final payment period. All existing 2009 bookings outside of the final payment period will be adjusted to remove the fuel supplement and NCL will revise the final payment amount.
"Global fuel prices have dropped to a level where we can now suspend the fuel supplement, making an NCL Freestyle Cruising vacation an even greater value," said Andy Stuart, NCL's executive vice president, global sales and passenger services.
NCL will continue to closely monitor global fuel prices to assess whether a reinstatement of the fuel supplement will be necessary in the future. The company reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.
Norwegian Cruise Line (NCL) is the innovator in cruise travel with a 42-year history of breaking the boundaries of traditional cruising, most notably with the introduction of Freestyle Cruising which has revolutionized the industry by allowing guests more freedom and flexibility.
Today, NCL has the youngest fleet in the industry with 11 purpose-built Freestyle Cruising ships, providing guests the opportunity to enjoy a relaxed cruise vacation on the newest, most contemporary ships at sea.
NCL is presently building a new third generation Freestyle Cruising project known as F3, for delivery in 2010.