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    Cruise firm returns to Hong Kong

    HONG KONG—Royal Caribbean Cruises Ltd. ships will return to Hong Kong in 2008 after a six-year hiatus as the world’s second-largest cruise-line operator seeks to sell more trips to Chinese tourists.

    The Rhapsody of the Seas, Asia’s largest cruise ship, will make three 12-night trips from Singapore to Hong Kong beginning in January, the Miami-based company said in a statement last week.

    The ship, able to carry 2,435 passengers, will then make a number of shorter trips from Hong Kong starting the next month.

    Royal Caribbean and larger rival Carnival Corp. plan to add more China services as economic growth makes holidays affordable to more people in the country. The cruise market in Southeast Asia will likely expand about 40 percent to 550,000 passengers in the five years ending 2010, according to Ocean Shipping Consultants Ltd.

    “The potential for the market in this region is enormous,’’ Adam Goldstein, president of Royal Caribbean International, told reporters in Hong Kong last week.

    The cruise line plans to offer shorter trips from Hong Kong, as Chinese people spend less on vacations than people in North America and Europe, Goldstein said. A two-night trip to Shanghai, due to start in April, will cost between $129 and $799.

    Royal Caribbean stopped sailing to Hong Kong in 2001 because of the poor quality of infrastructure for cruise ships, Goldstein said. The city plans to build a HK$2.4 billion ($307 million) two-berth cruise-ship terminal on the site of the former Kai Tak airport in bid to attract more visitors.

    The plan is part of the local government’s HK$10-billion project to expand tourism over the next five years. Hong Kong’s visitor numbers grew at an average annual rate of 13 percent in the five years ended 2006, according to the Hong Kong Tourism Board.

    In a separate report datelined Singapore, the company has asked Singapore to build a new terminal to accommodate bigger ships, the Business Times reported, citing Adam Goldstein, president of the company.

    Singapore is conducting a feasibility study on whether a second-cruise terminal is needed, the newspaper said, without citing anyone. Most giant cruise liners are unable to call at the present Singapore Cruise Centre, which was built when ships were smaller, the newspaper said.

    Royal Caribbean officially opened its Asia-Pacific headquarters in Singapore last week, and will use the island-state as its home port for its Rhapsody of the Seas cruise liner, the largest in the region, the newspaper said.

    Meanwhile, in another report datelined New York, the cruise-ship operator said broken propellers forced the company to give out refunds on a European trip, costing it 4 cents a share in earnings.

    The Celebrity Millennium’s propellers hit a submerged rock while the ship was anchored off of Villefranche, France, on July 2. The trip’s itinerary was “significantly altered’’ for repairs, and passengers will receive full refunds, Miami-based Royal Caribbean said last week in a statement.

    The company in May forecast second-quarter profit of 59 cents to 63 cents a share. The average estimate of analysts surveyed by Bloomberg is 59 cents. Royal Caribbean didn’t say when it will record the costs.

    The Celebrity Millennium left Barcelona, Spain, on June 30 for a 12-night Mediterranean voyage ending in Venice, Italy, on July 12. The propellers hit the rock following an electrical malfunction.

    The ship cancelled a July 3 stop in Livorno, Italy and sailed to Civitavecchia, Italy, for repairs. The ship will stay there until tomorrow, forgoing stops in Naples, Italy, and Santorini and Athens in Greece. The ship can carry more than 2,000 passengers.

    The company operates about 35 ships under the Royal Caribbean International, Celebrity Cruises, Pullmantur and Azamara Cruises lines. Carnival Corp. is the world’s largest cruise operator. --Bloomberg

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    Cruise firm returns to Hong Kong

    HONG KONG—Royal Caribbean Cruises Ltd. ships will return to Hong Kong in 2008 after a six-year hiatus as the world’s second-largest cruise-line operator seeks to sell more trips to Chinese tourists.

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    Yacht fuel supplier reports revenue rise on increased demand

    LONDON—Deuxmil Marine Plc, the world’s biggest supplier of gasoline to “super yachts,’’ said first-half revenue at its refuelling unit rose 20 percent after demand from the luxury vessels increased.

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    Shipping Briefs: Asian shipping companies increase freight rates to Europe
    TAIPEI—Asian shipping companies including Evergreen Marine Corp. and Yang Ming Marine Corp. on July 1 raised freight rates to Europe by $300 per container, the Commercial Times said, citing the Far Eastern Freight Conference.
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