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12/4 Carnival Corp. announced that it will suspend fuel supplements for its six North American brands effective for all voyages departing on or after December 17, 2008. "As the price of oil has dropped to $46 per barrel, it has now reached a level where we are able to suspend the fuel supplement," said Bill Harber, director of marketing for Carnival Corp. & plc. NCL Joins Carnival Corp. in Suspending Fuel Supplement 12/5 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. Yesterday, Carnival Corp. & plc announced that it will suspend fuel supplements for its six North American brands effective for all voyages departing on or after Dec. 17. 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. NCL said that it 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. Royal Caribbean Cruises Ltd. Suspends Fuel Supplement 12/5 Royal Caribbean Cruises Ltd. today announced the suspension of its fuel supplement for Royal Caribbean International, Celebrity Cruises and Azamara Cruises sailings that depart on or after January 1, 2009, anywhere in the world. The decision reflects the recently sustained lower price of fuel. Effective Monday, December 8, guests making new bookings for sailings that depart on or after January 1, 2009, will not be charged the fuel supplement. Guests already booked on sailings that depart on or after January 1, 2009, will receive a refund of any fuel supplement paid, as follows: -- Guests with existing bookings for sailings that depart on or after January 1, 2009, and who are now paid in full, will have the supplement automatically refunded to them in the form of an onboard credit during their sailing. -- Guests with existing bookings for sailings that depart on or after January 1, 2009, and who are not yet paid in full, will have the supplement automatically removed from their outstanding balance.
The company
reserves the right to reinstate fuel supplement charges if the price
of West Texas Intermediate fuel exceeded $65 per barrel, on the
quarterly milestone dates mentioned in the company's October 24,
2008, press release. Prestige Cruise Holdings Announces Elimination of Fuel Supplement Charges 12/8 Prestige Cruise Holdings, parent company of Oceania Cruises and Regent Seven Seas Cruises, has announced that fuel supplement charges will be eliminated from all voyages departing in 2009. PCH had previously announced that fuel supplement charges for 2010 voyages would be eliminated effective November 10, 2008. Frank Del Rio, chairman of Prestige Cruise Holdings, stated that the company was eliminating these charges due to the dramatic decrease in the price of crude oil. “As the price of oil has tumbled into the low $40 range, we can now eliminate the fuel surcharge on all 2009 voyages and as long as the price remains below $65 per barrel, we are confident that we will not require a surcharge in the future,” he added. The fuel supplement charge will be removed from reservations for all 2009 voyages at the time of final payment. Guests who have already paid in full for their 2009 voyage will be issued a shipboard credit equal to the fuel supplement charge they were assessed. Disney Ends Fuel Surcharge Disney Cruise Line is eliminating fuel surcharges for all new bookings, effective Dec. 1. The decision comes as a result of decreasing fuel price trends within the marketplace. For clients who already have been booked on a cruise, the following guidelines have been established for the refund of previously paid fuel supplements: * If the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel is below $70 a barrel two weeks prior to the beginning of the calendar quarter, the company will refund fuel surcharges paid in the form of an onboard credit. * The quarter that the cruise falls in will be based solely on the sailing date. The entire cruise will be considered to be part of the quarter that the sailing date originates in. The elimination of the fuel surcharge for new bookings applies to sail dates through the end of 2010. The company will continue to closely monitor fuel prices. Reinstatement of a fuel surcharge may be necessary in the future. Crystal revises fuel surcharges 11/14/2008 -- Crystal Cruises became the latest line to revise its 2009 fuel surcharge policy. If crude oil is priced below $65 a barrel on a specific quarterly date, the line will reimburse its surcharge to customers sailing in the following quarter. Crystal said that, given the volatility of oil prices, it will continue to apply a $12 per person, per day surcharge for voyages departing in 2009. However, adjustments will be determined quarterly based on the closing price of light sweet crude oil on the New York Mercantile Exchange, as reported in The Wall Street Journal. Crystal currently has no surcharges for 2010 departures. MSC Cruises Fuel Surcharge to be Eliminated in 2009 December 16, 2008 Last month, MSC took the lead and eliminated the fuel charge on all cruises departing on or after April 1, 2009. At that time, we indicated that we were also considering eliminating the charge on all 2009 cruises should fuel prices remain stable or continue to drop into the new year. In light of the current downward trend in oil prices, I am proud to announce that MSC Cruises is eliminating the fuel surcharge for all 2009 sailings and beyond. When we implemented the fuel surcharge on our cruise fares a year ago, we did that with the belief that, when fuel charges stabilized at a level that allowed us to eliminate the supplement, we would. That was not just words or a hollow promise; that was a commitment that we are living up to. All guests already booked on a 2009 voyage with a fuel supplement will receive a shipboard credit identical to that amount. Although we can not rule out the possibility that a future substantial increase in fuel costs might require re-implementing the fuel surcharge at a later date, all reservations booked with a deposit prior to such a decision would be protected from any additional charge.
-- We will update this page with other cruise line statements as they become available. Check back often. The Cruiseman |
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Carnival
Corp. Suspends Fuel Supplement