Seatrade Cruise Review December 2007 out now!!
Seatrade exclusive interview with Apollo Management
Apollo Management, one of the richest US private equity firms, is making bold strides into the cruise arena with three major investments in a year.
Apollo first took a 60% stake in Oceania Cruises for $325m then stumped up $1bn for a 50% share of NCL Corp. The acquisition of Regent Seven Seas Cruises announced earlier this week is its latest deal. Could Apollo make even bigger moves?
Apollo, like most private equity firms, rarely shows its cards yet Seatrade Cruise Review’s December issue includes an exclusive interview with Apollo Management’s Steve Martinez and Adam Aron who explain their value-creation approach to investing.
Korean yards eyeing cruise
Another hot topic, the possibility of Korean shipyards entering the cruise shipbuilding scene, is also outlined in the lead feature. Korean yards bagged 36% of newbuild orders last year - the largest global share. The big yards have focussed their attention on higher value ships such as liquefied natural gas carriers and super post-panamax containerships. In light of rising costs at European yards, the prospect of builders turning their attention to cruise are very real.
The December issue also includes features and reports on US Ports, Australasia, Seatrade Europe 2007and a focus on the Mediterranean winter cruising market plus market reports and statistics.
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