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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

Star's Indian venture struggling

MUMBAI 15 January – Star Cruises has posted a loss on its first Indian season and warns of an expected shortfall in its current season. The operator launched a series of cruises on the 42,000-gt, 1,800-berth Superstar Libra from Mumbai in September 2005. However, a combination of factors including heavy taxation and occupancy that averaged about 50% led to a loss for the period October 2005 to March 2006 of Rs750M ($17M). Star’s vice president sales and marketing Jean Teo has warned that the current season (October 2006-March 2007) will also show a deficit. The company has urged the Indian government to waive excise duty and some other taxes, as happened in Singapore, Star’s home port. To raise occupancy, Star is pulling the long trips to Lakshadweep and Goa and introducing short cruises that have proved popular among Indian tourists. The government has set up a powerful steering group led by shipping minister TR Baalu to draft a cruise policy to encourage foreign investment in the Indian cruise sector.

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This entry was posted on martes, enero 16, 2007 at 7:58 a. m.. You can skip to the end and leave a response.

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