Page 9 - 2024 CIN Expedition Market Report

EXPEDITION Market

QUOTED

e are reaching a point where the first
Wgeneration of expedition vessels is
reaching the age of retirement, which
combined with the temporary overcapacity
will result in many of these exiting the
market in the next few years.

Carsten Lund,
chief commercial officer,
SunStone Ships
190

here is a short orderbook for future
Tnewbuilds as the market is over capacity
at the moment. If there was a shortage
of capacity people would be ordering ships.

Aaron Russ,
commercial director,
Heritage Expeditions
194

e completed our first phase of the fleet
Wexpansion and it’s about the right time
to start thinking about phase two for
2028 and beyond.

Jeff Gillies,
commercial director,
Coral Expeditions
210

Cruise Industry News: 2024 Expedition Market Report 19