Norwegian Cruise Line canceled all sailings until 2021

8:00 pm 2 November 2020

Norwegian Cruise Line Holdings (NCLH.US), which is one of the largest cruise operators, stock fell almost 6% after the company announced  it was extending its suspension of cruise voyages by another month, through Dec. 31, signaling the challenges of quickly resuming operations for the entire industry.
Today’s announcement comes after the Centers for Disease Control and Prevention said Friday that it was lifting its no-sail order for U.S. ports as of Oct. 31. The agency said it was taking “a phased approach to resuming cruise ship passenger operations in U.S. waters.” However, according to the new 40-page conditional sailing order, each cruise operator will have put their ships  through costly cruising simulations and set up labs for COVID-19 testing at sea on each of them. Besides that company would have to follow a number of additional regulations that go beyond those that Royal Caribbean and Norwegian Cruise Line had proposed in late September via the Healthy Sail Panel they formed. "The company will continue to work in tandem with global government and public health authorities and its Healthy Sail Panel expert advisors to take all necessary measures to protect its guests, crew and the communities visited," company stated.

 Norwegian Cruise Line (NCLH.US) is the first of the three giant operators (other two are Royal Caribbean (RCL.US) and Carnival (CCL.US)), to officially cancel the remainder of its 2020 voyages. Currently price is testing earlier broken upward trendline which also coincides with 50 SMA (green line). Should a break above occur, then resistance at $19.30 could be at risk. On the other hand, if the current sentiment prevails, the downward move could be extended to the next support located at $14.00. Source: xStation5

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