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Old Jun 13, 2024 | 6:52 pm
  #590  
YVR Cockroach
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Originally Posted by sfvoyage
That sounds arrogant and un-customer focused and ultimately not a good way to run a business. I guess it's a private company? Who is the ownership anyway?
Private for sure. Looks like the ownership is evenly split between the Italian couple (Apontes) who founded the company with a single ship (on credit) 54 years ago. Some media source put it as the largest (container) shipping company in the world. The container business was estimated to have made €36 billion in profit last year and may make similar amounts this year and next if freight rates keep going the way they are.

They're pouring ~USD 3.6 billion into the Explora line (to buy 6 ships, 4 ship initial order adding another 2 later). CarnivalCorp and RCCI could only dream of pouring in that much money w/o shareholder scrutiny.
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