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PRESTIGE CRUISE HOLDINGS ANNOUNCES ELIMINATION OF FUEL SUPPLEMENT CHARGES
Fuel Supplement Charges to be Removed From All 2009 Voyages for Oceania Cruises and Regent Seven Seas Cruises.

MIAMI, December 8, 2008 – Prestige Cruise Holdings, parent company of Oceania Cruises and Regent Seven Seas Cruises, has announced that fuel supplement charges will be eliminated from all voyages departing in 2009. PCH had previously announced that fuel supplement charges for 2010 voyages would be eliminated effective November 10, 2008.

Frank Del Rio, chairman of Prestige Cruise Holdings, stated that the company was eliminating these charges due to the dramatic decrease in the price of crude oil. “As the price of oil has tumbled into the low $40 range, we can now eliminate the fuel surcharge on all 2009 voyages and as long as the price remains below $65 per barrel, we are confident that we will not require a surcharge in the future,” he added.

The fuel supplement charge will be removed from reservations for all 2009 voyages at the time of final payment. Guests who have already paid in full for their 2009 voyage will be issued a shipboard credit equal to the fuel supplement charge they were assessed.

Prestige Cruise Holdings will continue to monitor the price of fuel and retains the right to reinstate the fuel supplement charge at any time should market conditions warrant.

Royal Caribbean Cruises Ltd. Suspends Fuel Supplement  

Miami - December 5, 2008 - Royal Caribbean Cruises Ltd. today announced the suspension of its fuel supplement for Royal Caribbean International, Celebrity Cruises and Azamara Cruises sailings that depart on or after January 1, 2009, anywhere in the world.

The decision reflects the recently sustained lower price of fuel.

Effective Monday, December 8, guests making new bookings for sailings that depart on or after January 1, 2009, will not be charged the fuel supplement.

Guests already booked on sailings that depart on or after January 1, 2009, will receive a refund of any fuel supplement paid, as follows:

 

• Guests with existing bookings for sailings that depart on or after January 1, 2009, and who are now paid in full, will have the supplement automatically refunded to them in the form of an onboard credit during their sailing.
• Guests with existing bookings for sailings that depart on or after January 1, 2009, and who are not yet paid in full, will have the supplement automatically removed from their outstanding balance.

The company reserves the right to reinstate fuel supplement charges if the price of West Texas Intermediate fuel exceeded $65 per barrel, on the quarterly milestone dates mentioned in the company's October 24, 2008, press release.

The company announced on October 24, 2008, that no fuel supplement would be charged for new bookings made on or after November 10, 2008, for sailings that depart on or after January 1, 2010, unless there is an upturn in fuel prices. Today's announcement does not affect those previous terms.

 NCL Suspends Fuel Supplement  

Miami   -    Dec 4, 2008   ---    In response to the current continued decline of fuel prices, Norwegian Cruise Line (NCL) announced today that it is suspending the company's fuel supplement effective immediately for all voyages departing in 2009. 

NCL will refund the fuel supplement in the form of an on-board credit for all 2009 bookings within the final payment period. All existing 2009 bookings outside of the final payment period will be adjusted to remove the fuel supplement and NCL will revise the final payment amount.

"Global fuel prices have dropped to a level where we can now suspend the fuel supplement, making an NCL Freestyle Cruising vacation an even greater value," said Andy Stuart, NCL's executive vice president, global sales and passenger services.

NCL will continue to closely monitor global fuel prices to assess whether a reinstatement of the fuel supplement will be necessary in the future. The company reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

CARNIVAL CORPORATION & PLC TO SUSPEND FUEL SUPPLEMENT FOR ITS NORTH AMERICAN BRANDS 

MIAMI (December 4, 2008) - As fuel prices continue to decline, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced that it will suspend fuel supplements for its six North American brands effective for all voyages departing on or after December 17, 2008. 

The fuel supplement suspension applies to the following brands: Carnival Cruise Lines, Costa Cruises, Cunard Line, Holland America Line, Princess Cruises and The Yachts of Seabourn. 

A refund of the fuel supplement will be made in the form of a shipboard credit for all bookings within the final payment period for departures on or after December 17, 2008. All bookings outside of the final payment period for departures on or after December 17, 2008 will be adjusted to remove the fuel supplement and guests will be provided with a revised final payment amount. 

“As the price of oil has dropped to $46 per barrel, it has now reached a level where we are able to suspend the fuel supplement,” said Bill Harber, director of marketing for Carnival Corporation & plc. Harber cautioned that the fuel supplement could be re-instated if oil prices increase significantly. 

The company reserves the right to re-instate the fuel supplement for all guests at up to $9 per person per day (except Seabourn, which would be up to $15 per person per day) should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $70 per barrel. 

“It is our hope that fuel prices have stabilized and will remain at a more rational level. The complete suspension of the fuel supplement makes the inherent value of a cruise even greater and that is increasingly important in the selection of a vacation in the current economic climate,” Harber added. 

The fuel supplement for five of the six Carnival Corporation & plc brands is currently $9 per person per day for the first and second guest (not to exceed $126 per person per voyage) and $4 per person per day for third, fourth and fifth guests (not to exceed $56 per person per voyage). Seabourn’s fuel supplement is $15 per person per day for the first and second guest (not to exceed $210 per person per voyage) and $4 per person per day for third and fourth guests (not to exceed $56 per person per voyage). 

Carnival Corporation & plc is the largest cruise vacation group in the world, with a portfolio of cruise brands in North America, Europe and Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, The Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line, Ibero Cruises, Ocean Village, P&O Cruises and P&O Cruises Australia.

Royal Caribbean Brands Increase Fuel Supplement
Published on: April 23, 2008

Royal Caribbean Cruises Ltd. is increasing its fuel supplement on three brands - Royal Caribbean International, Celebrity Cruises and Azamara Cruises. For first and second guests in a stateroom, the revised fuel supplement will be $8 per person, per day, and no more than $112 per person, per cruise. Additional guests in a stateroom will be charged $3 per person, per day, and no more than $42 per person, per cruise. The revised fuel supplement will apply to bookings made throughout the world on or after May 1. RCCL is the latest to hike fuel supplements. NCL Corp. increased its fuel supplement to $9 per person per day for the first and second guests in a stateroom and $4 per person per day for any additional guests in the same stateroom starting May 1. Carnival Corp. brands increased their fuel supplements, effective April 21, from $5 to $7 per person, per day, and also implemented a daily $2 charge on third, fourth and fifth passengers in staterooms.

NCL Corp., Voyages of Discovery Boost Fuel Supplements
Published on: April 18, 2008

In response to the continued rise in oil prices, NCL Corp. announced an increase to its current fuel supplement. The new fuel supplement will be $9 per person per day for the first and second guests in a stateroom and $4 per person per day for any additional guests in the same stateroom. The fuel supplements currently are $7 and $3, respectively. The increased fuel supplement applies only to new individual reservations made on or after May 1. It also applies to any group reservation booked on or after May 1 and will also apply to group space held prior to May 1 without specific names and full confirming deposit by April 30.

"With crude oil and refined product prices at record highs, our fuel bill stands at a level that was unimaginable two years ago," said Colin Veitch, NCL's president and CEO. "It is unfortunate, but necessary, that we now have to pass some of the increase in our fuel bill on to our customers, just as many other businesses are being forced to do. We appreciate the understanding of our travel partners and our guests as we make this necessary adjustment."
Meanwhile, niche operator Voyages of Discovery also has increased its fuel surcharge for all summer and fall cruises.
The surcharge of $10 per person, per cruise night, will apply to all new bookings on the Discovery on cruises with embarkation dates from May 10 to Nov. 4. This increased fuel surcharge is effective as of April 17. Earlier this month, Carnival Corp. brands increased their fuel supplements, effective April 21, from $5 to $7 per person, per day, and also implemented a daily $2 charge on third, fourth and fifth passengers in staterooms. The fees will not exceed $98 per person per voyage for the first and second guests in a stateroom and $28 per person for the additional guests. Royal Caribbean Cruises Ltd. brands charges a fuel supplement of $5 per guest per day for sailings that depart on or after Feb. 1. The fuel supplement applies to the first and second guests in each stateroom and does not exceed $70 per person per sailing.

Carnival Corp. Brands Increase Fuel Supplement
Published on: April 10, 2008

Six Carnival Corp. brands will increase their fuel price supplement from $5 to $7 per person, per day. They also are implementing a fuel supplement on third, fourth and fifth passengers in staterooms by $2 per person, per day. The brands are Carnival Cruise Lines, Costa Cruises, Cunard Line, Holland America Line, Princess Cruises and The Yachts of Seabourn. The company made the announcement in a letter to travel agents. The new fuel supplements will apply to all new bookings effective April 21. The fees will not exceed $98 per person per voyage for the first and second guests in a stateroom and $28 per person for the additional guests. For bookings made from Nov. 7 to April 20, the original supplement of $5 per day will apply.