The Florida-based cruise ship brokerage firm specializing in being the one-stop shop for all cruise ship buyers and sellers internationally
The average-sized newbuild cruise ship costs $800 million to $1.5 billion, and they come in all shapes, sizes, and designs. An older cruise ship might cost as little as $5 million to $20 million. Of course, as with any pre-owned vessel, investment is required to make it fit to carry passengers and bring it up to today’s safety standards, as well as end-to-end technology with the latest amenities, all of which translates into a seamless tourist experience focus experience.
Cruise ships are frequently handed over to new owners, and the industry today has over 500 luxury cruise ships and another 72 on order, costing $46 billion. Across Oceans Group (AOG) is the premier dedicated cruise ship brokerage firm dedicated to being the one-stop shop for international cruise ship buyers and sellers. Founded in 2007, the business advisory division of the Across Oceans Group specializes in breakthrough air and sea innovations, products, solutions and vendor sales, working with over 60 companies in 35 countries.
AOG professionals work with the 100+ cruise lines, CEOs and investment firms, advising on brokerage, valuations, best practices, charters, housing models, wealth strategy, government shelters, film support and transitions. Because cruise lines often change hands several times, reassigning a cruise ship to its new role is usually very common.
Cruise ships are unique in that they are not listed for sale like yachts or merchant vessels because they are currently in operation and online listings affect future bookings. The owner AOG has worked with a request to keep all transactions confidential. Currently, AOG has a shipowner willing to sell two newer polar-class X-BOW expedition vessels and two river vessels. The company has another customer who wants to buy a cruise ship to live on board and conduct scientific research. Recently, AOG worked with a client who was considering purchasing a ship and making it a floating headquarters for their company.
The government remains interested in buying older cruise lines for temporary shelter for mass casualty events. Another client wants to buy a cruise ship and have it backed with cryptocurrency, and several Vegas hotels are interested in floating casinos to improve the overall guest experience. Following the Costa Concordia sinking, AOG was hired to assist government agencies in securing a cruise ship for mass rescue operations in 2012 in the Bahamas and Hawaii in 2015. Douglas Diggle, CEO of Across Oceans Group, worked in Dubai as a business consultant to the owners of the QE2, guiding them through the process of converting the cruise ship into a floating hotel on Palm Island.
Cruise owners are reluctant to sell ships if the new owner’s transition plan calls for cruise ship competition. Across Oceans Group is the one-stop shop for shipowners, venture capitalists, board members and CEOs to help them manage disruptions, recoveries, ship innovation, revenue growth, legal processes, environmental compliance, health security and mergers and acquisitions.
Contact AOG at [email protected] for a free discussion on the cruise industry recovery, the state of the industry, flag states, crew capacity, emissions control, shore power and providers. Across Oceans Group will discuss the new cruise ship order book, revenue trends, ship requirements and IMO shipping regulations. “I use my extensive industry experience, executive connections and industry expertise to guide CEOs, buyers, sellers and suppliers to help them achieve their goals on cruise lines,” said Diggle.