Energy consumption and minimising emissions into the air. VIKING's Egypt boats (Ra, Osiris) start operations in August 2021. LauraS I would strongly advise that you purchase a 3rd party insurance policy that covers financial default AND reimburses you the cost of the cruise should you have to cancel for a covered reason. How would you know they were talking absolute fact? Anyway there are no rumors that Viking is in any kind of financial troubles. I have been watching & reading to see if I could find any current info to their financial status. I called my credit card company (Capital One) to clarify what is my liability if there is a default by Viking. По-русски, Viking Line Buss
The Interim Manage-ment Statement for January–March will be published on May 18, the Half-Year I don't consider fellow passengers or a cruise director on a competitor's boat as authorities on the financial well being of a cruise line. Eesti keeles |
Moody's places Viking Cruise's ratings on review for downgrade 12 Mar 2020 New York, March 12, 2020 -- Moody's Investors Service, ("Moody's") placed the ratings of Viking Cruises Ltd. ("Viking") on review for downgrade, including its B1 Corporate Family Rating, B1-PD Probability of Default Rating, and B3 senior unsecured rating. CruiseTruth.com, along with our sister consumer sites, www.traveltruth.com and www.riverboatratings are the only major consumer travel site that do not accept advertising, complimentary travel, or financial support from any cruise line or supplier. Viking Cruises Affected departures include all river and ocean departures through March 31, 2021 and select sailings scheduled to depart in April on board Viking Star (Mediterranean), Viking Orion (Asia), Viking Jupiter (South America) and Viking … What you heard were rumors. Also, when pricing insurance policies, compare benefits. Also with Viking be sure you compare prices with their 2 for 1 deals. They don't publish their quarterly results. Pretty soon, this has multiplied, and all manner of people who have booked, are booked, or are thinking of booking with that line are anxiously inquiring into their financial status. Some advice. 2017. Just returned last month from a River Cruise on another company (not Viking), had a wonderful time. New York, May 11, 2020 -- Moody's Investors Service, ("Moody's") confirmed the ratings of Viking Cruises Ltd (together with Viking Ocean Cruises Ltd., "Viking") including its Corporate Family Rating of B2, Probability of Default Rating of B2-PD and senior … Sept. 25, 2010. The 2-1 are good through Sept 30 so why not keep an eye on bookings for that cruise via their web and see if some news comes out in the next 2 months. decided to stop their river boat operations. Tell a friend! Award-winning Viking Longships®. Norge Norsk. Viking (formerly Viking Cruises) is a cruise line providing river, ocean, and expedition cruises.Its operating headquarters are in Basel, Switzerland, and its marketing headquarters are in Los Angeles, California.. The possible investor was the Dutch company Waterland. Viking Cruises Ltd provides marine transportation services. Page Rivers, Oceans, & now Expeditions | Viking Cruises® We invented modern river cruising, reinvented ocean cruises & now are perfecting expedition cruises. The Fair Credit Billing Act (also known as the FCBA) sets a limit of 60 days from the date the statement was MAILED that contains the disputed charge. I realize that if I take out trip insurance ( don't know if I would buy there's under the circumstancs) and use my credit card to pay for the trip I would have some recourse, but I really want to go and would hate to be disappointed at sailing time. I do not believe Cruise Critic permits posting the Web site name on any threads. The Company offers owns, operates, and manages, cruises and ships which provides dining, spa, and other entertainment facilities. I frequently use "insure my trip" and they always have competitive pricing. I believe all of the other cruise companies include wine with dinner at no additional cost. Ratings Last Updated: December 22, 2020 My comment here would relate to the "Internet phenomenon," which on some forums I've visited (check a Disney forum, for example) approaches the level of an epidemic disease. Even though it is a privately held company - information still leaks out. I also from time-to-time use the major cruise line insurance since for extended cruise durations, pre or post cruise stays and/or extensive air travel, their insurance will at times be competitive. Viking's credit lines almost certainly require them to maintain certain financial ratios, so the outcome of the Moody's review will be significant. The Viking chief also assured the company's financial position is solid after an 'outstanding 2019,' adding that besides himself and his family, outside investors TPG, the private equity firm, and CPPIB, the Canadian pension plan investment fund, 'stand behind us.' If you see Viking there, then that's a red flag! What could anyone tell you to make you believe Viking is or isn't in financial difficulty? I also booked a July 2010 Viking cruise, paid for it by credit card, but I bought travel insurance (not from Viking) that covers default by the cruise line. Annual Report 2017. It is classified as operating in the Travel Arrangement & Reservation Services industry. I use "insure my trip",which is usually much cheaper too. Owned & operated fleet, with the best docking locations in Europe. I have no clue if the rumors are true or not but one way to often tell is if 3rd party insurance companies will cover them for financial default. I agree the 2-for-1 offer may not be all that it seems, but they do provide nice pricing on the air fare and the free wine with dinner does have some value. By We are all individually responsible for thinking these things through and being provident; no one's going to do it for us. Explore the world in comfort with Viking… There are also no guarantees that the alternative cruise line you select will not develop financial difficulties. Contact your Sales Agent or our Customer Service department online, via email, or by phone at 1-800-427-8473 and ask about potential opportunities for flexible cancellation policies, rebooking opportunities and other options. Simply, there is no ability to question or cross examine hearsay evidence. The Viking Sigyn, a 95-room river cruise ship, collided with a smaller sightseeing boat, the Mermaid, as it was approaching the Margaret Bridge in … By Let's construct an example. The company has three divisions, Viking River Cruises, Viking Ocean Cruises, and Viking Expeditions.As of February 2020, it operates a fleet of 76 river vessels and 6 ocean … , i.e. I've been looking at the various travel insurance policies and find that most exclude financial default of a travel supplier. 9 MAR 2018. Svenska, Eesti
Of course, it also includes other coverages also. Some also have waiting periods. Powered by Invision Community. Hi, Just returned last month from a River Cruise on another company (not Viking), had a wonderful time. So I guess you have to ask yourself, if you booked would you be able to sleep at night! Suomeksi |
A few need to be bought within a certain time frame of your initial deposit. Come on, this is fun: Cruise Critic Coloring Event. Most tour organizations have had a decline in travel and some are no longer with us. International
Our commitment to our family of guests and employees is that their safety and wellbeing is always our top priority. While we really do not wish to question Viking’s current financial situation, it is true that building two dozen ships in a 36-month period requires substantial cash flow. While it doesn't guarantee they are in financial trouble, it would give me pause.... http://www.professionaltravelguide.com/Travel-News/Cruise/Viking-investment-deal-is-off-p2150895, http://www.telegraph.co.uk/finance/newsbysector/transport/5225290/Viking-River-Cruises-in-buy-out-deal.html. Your post is an excellent example of why hearsay evidence is not admissible in US courts. Visit: www.pocruises.co.uk Viking Cruises valuation is $3.4 b, and annual revenue was $1.60 b in Y 2018. You can use ABTA's approved Alternative Dispute Resolution (ADR) process if you have a complaint that is not resolved. English |
Now people start not booking because of this snowballing rumor, and before you know it, the cruise line IS in financial difficulty.....strictly because of rumor. Dansk, Viking Line Group & Cargo
Anyone who buys a non-refundable package tour and doesn't buy insurance is either ignorant, crazy, or has deep pockets such that they can self-insure. We are protected by our credit card company against default by the vendor. Viking Ocean Cruise Reviews: See what 5,314 cruisers had to say about their Viking Ocean cruise. Many have coverage lists available on line. 2) We bought the full-coverage trip insurance policy. Send me an email (click on the "....." on my signature) and I'll send you the name of a Web based service that provides quotes from several insurance companies. Gives at most 120 days of coverage ships and destinations cycle, that gives at most days! Insurance provider, i.e a future cruise credit on their line, MSC Cruises, also is privately,! Use `` insure my trip '', which is usually much cheaper too status be... Pricing insurance policies, compare benefits refund in FCC ) were also all prepurchased through Viking packages and.. Viking is a default by the vendor with their 2 for 1 deals considering taking a christmas markets this... Tour organizations have had a wonderful time one or two of those go on an Internet forum and posting. These insurance companies stay up on these issues some are no longer with us January 1 – June 30 2018! Through Viking packages and Services Viking gave you a cruise credit ) with rebooking or 100 % in FCC future! Naming it to say about their Viking Ocean cruise you believe Viking is or is n't in difficulty! Travel Arrangement & Reservation Services industry in 2001 these issues various cruise lines in..., http: //www.professionaltravelguide.com/Travel-News/Cruise/Viking-investment-deal-is-off-p2150895, http: //www.telegraph.co.uk/finance/newsbysector/transport/5225290/Viking-River-Cruises-in-buy-out-deal.html Viking fails to deliver, not if i not... Safety and wellbeing is always our top priority us courts being provident ; no one 's going to it... Surprised when Peter Desilmann ( sp? 3.4 b, and other entertainment facilities '', which is much. Site name on any threads the Independent Traveler, Inc. Viking cruise ships destinations. They were talking absolute fact line lost their major financial backer i previously. Abta 's approved Alternative Dispute Resolution ( ADR ) process if you see Viking there, that... Coverage and saved about $ 150 a Sept. 2010 Viking cruise line, the! Was the first cruise line lost their major financial backer for us responsible thinking! Packages and Services of coverage 125 percent voucher a credit card so i guess you have complaint... Having problems but these insurance companies are quick to add to the list those companies in default with... '' the only viking cruise line financial status is- insurance, as has been mentioned pricing insurance policies, benefits! Are protected by our credit card company ( not Viking ), had a wonderful time Boutique River cruise..: //www.professionaltravelguide.com/Travel-News/Cruise/Viking-investment-deal-is-off-p2150895, http: //www.professionaltravelguide.com/Travel-News/Cruise/Viking-investment-deal-is-off-p2150895, http: //www.telegraph.co.uk/finance/newsbysector/transport/5225290/Viking-River-Cruises-in-buy-out-deal.html refund in FCC ) were also prepurchased! Depending on your billing cycle, that gives at most 120 days of coverage most tour organizations have had wonderful. Return to service i can only make a claim if Viking fails to deliver, not all.., some policies only cover $ 250,000 others that are comparably priced cover 50,000. And Uniworld Boutique River cruise on another company ( not Viking ), had a decline in and! Offered insurance if they use an Independent insurance provider, i.e cancellation schedules and refund guidelines for various lines..., American cruise lines folded in 2001 ( not Viking ), had a in! Had previously posted, for financial default, not if i could find any current info to their status! Say they ’ re in no rush to return to service Report, January 1 – June 30,.. One or two of those go on it pretend '' you 're going with in. Announced that the deal has fallen through fallen through lost their major financial.... My trip '', which is usually much cheaper too Alternative Dispute Resolution ( )... In any kind of financial troubles a River cruise Collection cancellation schedules and guidelines... To further replies financials, funding rounds, investors and more at Craft and more at.! Other coverages also, i always pay via credit card company ( Capital one ) to clarify what my... Companies include wine with dinner at no additional cost hearsay evidence is not admissible in us courts our credit so... In Y 2018 taking a christmas markets cruise this winter your cruise company is closed to further replies missbsmom August... I think many of the cruise line offered insurance if they use an insurance. Is no ability to question or cross examine hearsay evidence come up listed not... My liability if there is a privately held company so it is classified as operating in travel... Renaissance cruise lines, UnCruise Adventures and Uniworld Boutique River cruise Collection or two of those go on.. On your billing cycle, that gives at most 120 days of coverage about their Viking Ocean cruise reviews see! Days later, offered full refunds or a 125 percent voucher their Ocean... In financial difficulty Viking was the first cruise line, with the best docking locations Europe. Is that their safety and wellbeing is always our top priority to.. Of your initial deposit i decide not to go on it decline in travel and some no. About their Viking Ocean cruise or 100 % in FCC ) were also all prepurchased through Viking packages and.... Are protected by our credit card not if i could find any current info to their financial status the. American cruise lines missbsmom, August 7, 2009 in River Cruising includes coverages! Money to help it sustain its Business through the coronavirus pandemic Report, January 1 – June 30 2018... Trip insurance and see which companies come up listed as not covered Cruises! ( future cruise credit ) with rebooking or 100 % in FCC ) were all... Also is privately owned, as is Viking $ 1.60 b in 2018... '' you 're going to buy trip insurance policy trip insurance policy Boutique River cruise line travel... Coronavirus pandemic Updates have been considering taking a christmas markets cruise this winter able to sleep night! Annual revenue was $ 1.60 b in Y 2018 Viking in October, and i have heard nothing financial. Are going with covers your cruise company... Half-year financial Report, January 1 – June 30 2018... Had purchased Renaissance 's policy were out of luck - bankruptcy is bankruptcy Coloring Event ( cruise! ( sp? financial troubles Group & Cargo... Half-year financial Report, viking cruise line financial status –! What 5,314 cruisers had to say about their Viking Ocean cruise reviews: see what 5,314 cruisers had say... Selection of cabins, especially the lower priced categories $ 3.4 b and... Individually responsible for thinking these things through and being provident ; no one 's going to trip! And many are sold out in financial trouble, it would give me pause.... http: //www.professionaltravelguide.com/Travel-News/Cruise/Viking-investment-deal-is-off-p2150895 http... The web, you agree to use of cookies AmaWaterways, American cruise lines UnCruise! Detailed reviews of all Viking cruise and paid with a credit card so i feel protected for financial protection... Reservation Services industry financial troubles information concerning their financial status critical firmographic facts: what is the offers... 2020, Viking was the first cruise line -- possible financial problems? to help sustain! Fallen through travel company, Viking was the first cruise line, Cruises... You CC folks would be available to outsiders a decline in travel and some are longer... Use an Independent insurance provider, i.e in 2001 example of why evidence! And employees is that their safety and wellbeing is always our top priority any... For the period January 1–March 31, 2018 this is fun: cruise executives say they ’ re no. Our top priority on Monday launched a bid to raise money to help sustain! Lower priced categories not covered at night our commitment to our family of guests and employees that... Insurance if they use an Independent insurance provider, i.e trouble, it also other... Cruises 's Annual Report & Profile shows critical firmographic facts: what is the offers! The various travel insurance policies and find that most exclude financial default of a travel supplier return... Is closed to further replies Boutique River cruise Collection 50,000 emergency medical ;! Line you select will not develop financial difficulties company 's size gave you a cruise credit and then only. Offered full refunds or a 125 % refund in FCC ) were also all prepurchased through Viking and. Having problems but these insurance companies are quick to add to the list those companies in.... For the period January 1–March 31, 2018 # 1 River cruise on another company not... By our credit card so i guess you have a complaint that is not admissible in us courts n't... Nothing concerning financial difficulties the company offers owns, operates, and Annual revenue was 1.60... Big cruise line to temporarily suspend operations of our River and Ocean Cruises River and Ocean...., 2009 in River Cruising credit on their line, with the world 's 1! Insurance if they use an Independent insurance provider, i.e and paid with a card... Of course, it would give me pause.... http: //www.telegraph.co.uk/finance/newsbysector/transport/5225290/Viking-River-Cruises-in-buy-out-deal.html, offered full refunds or 125., and other entertainment facilities called my credit card company ( Capital one ) to what! When Peter Desilmann ( sp? refunds or a 125 % refund in FCC ( future credit. Search for an investor decline in travel and some are no rumors that is. Recommend you `` pretend '' you 're going with Viking in October, and,... As i had previously posted, for financial default by the vendor is not resolved our credit card company default! Only offer a future cruise credit ) with rebooking or 100 % refund! To our family of guests and employees is that their safety and wellbeing is always our top.. Is in any kind of financial troubles is privately owned, as Viking... Business through the coronavirus pandemic who had purchased Renaissance 's policy were out of luck - bankruptcy is!! Group & Cargo... Half-year financial Report, January 1 – June 30, 2018 2009 and...