Royal Caribbean (RCI) Holds Legend of the Seas at Dubai in wake of Mumbai.
Friday, November 28th, 2008No doubt if you have had any connection with the world in recent days, you are aware of terrorist attacks in Mumbai, India. The tragic assault on several hotels and a Jewish community center, have the attention of the international community. I’m not one to side step the unpleasant, which can be rare for sites covering the cruise industry. My feeling is that it is a better thing to engage topics head-on, understand them rationally, and not jump on popular bandwagons of panic or politics.
For a detailed idea of what occurred, you are best served by monitor a general news service. I find Google News to be a good start. Specific services like CNN tend to get caught-up in the hype surrounding the matter.
In terms of how these attacks impact Royal Caribbean, I can say that Lend of the Seas, which was to call on the port of Mumbai (formally Bombay,) but is holding in Dubai for the time being. With the way the entire industry has been pushing into the Asia and Indian Ocean regions, it goes without saying they watch security very closely. It remains entirely too soon to know exactly what has gone on in Mumbai.
The lines spend great sums of money keeping their own intelligence operations operating, and they do interact professionally to some extent, with their government contacts. They do employ security personnel whom are far more capable than you might think from the friendly faces and red epaulets. And the likely extent of the unpublished measures they take are enough to leave me feeling the industry is as safe as it can be. The attack will bring with it heightened security measures and awareness of possible threats.
Meanwhile, if the rest of the world is deeply shaken about what this means for the industry, I leave it to you to decide, here is Friday’s stock numbers.
| RCL (Common Stock) | |
| Last Trade: | $9.42 |
| Change: | +0.22 |
| % Change: | +2.39% |
| Volume: | 3,229,957 |
| Day’s High: | 9.77 |
| Day’s Low: | 9.22 |
| Previous Close: | 9.20 |
| Exchange: | NYS |
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