Why Cruise Lines Keep Cutting thier Ships in Half
The economics of cruising are as fascinating as they are counterintuitive. A few weeks ago, John Delaney, president of Seattle-based Windstar Cruises, stood on a scaffold at a historic shipyard in Palermo, Italy, and took a blowtorch to the Star Breeze, a 30-year-old, 212-passenger motor yacht. With sparks flying, and shipyard workers and guests cheering him on,...