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April 2006 57 Cruise Passenger Traffic Up 3.5 Percent in 2005 North American cruise passenger traffic increased by 3.5 percent in 2005, with more than 9.7 million passengers carried on 4,463 cruises by the 17 largest cruise lines, according to preliminary figures from the U.S. Maritime Administration (MarAd). Growth figures were lower than in recent years, due in part to last year's hurricanes, but occupancy rates remained high, reaching nearly 110 percent. (Note: A double stateroom with two passengers is considered 100 percent occupied. Since many double staterooms can accommodate three or four people, occupancy can be more than 100 percent.) Ports that escaped hurricane damage last year showed the most dramatic growth in 2005: Los Angeles departures rose 41.5 percent; Honolulu grew 37.9 percent; and Jacksonville increased 20.5 percent. Even Galveston, TX, which was temporarily closed due to Hurricane Rita, showed 22.5 percent growth during 2005. New Orleans had been showing strong growth in the first two quar- ters, with departures up 23.7 percent over the same period in 2004, but after the dev- astation of Hurricane Katrina, New Orleans experienced a 22.2 percent decline for the year. "The cruise industry's continued strength shows us how robust the American economy is," said Acting Maritime Administrator John Jamian. "In spite of the hurricane season, the industry keeps on growing. The Port of New Orleans will be back in the picture in a big way soon," added Jamian, noting that New Orleans expects to have most of its cruise business back by the end of this year. North American Cruise Statistics, 2003-2005 Normal Occupancy Passenger- Avg. Year Cruises Passengers Capacity (%) Nights Nights 2003 4,094 8,348,719 7,875,665 106.0 53,533,841 6.41 2004 4,465 9,418,317 8,724,434 108.0 61,627,535 6.54 2005 4,463 9,747,188 8,885,612 109.7 63,730,903 6.54 (Source: MarAd) 3 I M P L E X # O M P A C T ยค S L A E 3 - D A E O N L Y I N ' E R M N A Y A 3 L V R E 3 S E R A P 3 S E I O . N I E C R T R E M ! H I A C 3 I P M L X E E M ! R I S A C # , , N O L Y I N F S O I P M L E M A X E R I S A C O C M Circle 271 on Reader Service Card Circle 276 on Reader Service CardCircle 238 on Reader Service Card Recent Ship Sales Date Reported Vessel Name Vessel Type Dwt Yr. built Sale Price (M) 2/10/2006 Theodor Oldendorff Bulker 17789 99 $16 2/16/2006 Bright Star Bulker 27887 89 $14 2/7/2006 Darya Devi Bulker 28234 85 $8.50 2/22/2006 Cora Bulker 34996 77 $3 2/28/2000 Denise C Bulker 46500 99 $23 2/22/2006 Thomas C Bulker 46500 99 $22 2/7/2006 Gallant Picer Bulker 48913 99 $23 2/7/2006 Lake Tega Bulker 50271 2001 $25 2/16/2006 Medi Manila Bulker 52239 2002 $28 2/28/2006 Stella Bulker Bulker 52544 2002 $28 2/22/2006 Corato Bulker 64282 89 $16 2/10/2006 Hebei Prosperity Bulker 65281 85 $8 2/7/2006 Denak-a Bulker 69993 97 $25 2/16/2006 Bulk Patriot Bulker 70003 94 $21 2/10/2006 Cic Horizon Bulker 70003 94 $21 2/16/2006 Bulk Pheonix Bulker 70029 94 $21 2/10/2006 Sd Triumph Bulker 70029 94 $21 2/3/2007 Maritime Kapar Bulker 74222 2002 $31 2/7/2006 Cleopatra Dream Bulker 149989 90 $20 2/3/2006 Hebei Pheonix Bulker 173000 2005 $66 2/3/2006 Hebei Peacock Bulker 173000 2005 $66 2/7/2006 Mineral Beijing Bulker 176000 2004 $60 2/16/2006 Med Sea Bulker 183316 87 $18 2/22/2006 Paul Gilmore Tanker 17654 84 $3.30 2/22/2006 Al Bahah Tanker 47204 98 $41.50 2/3/2006 West Point Tanker 50930 2006 $53 2/3/2006 South Point Tanker 50930 2006 $53 2/3/2006 Vicotry Iii Tanker 68150 90 $29 2/3/2006 Hesnes Tanker 68150 89 $29 2/3/2006 Bregen Tanker 68150 89 $29 2/16/2006 Ottawa Tanker 70296 2003 $46.50 2/16/2006 Tamar Tanker 70362 2003 $46.50 2/28/2006 Rudolf Schulte Tanker 72000 2004 $62 2/28/2006 Everhard Schulte Tanker 72000 2004 $62 2/3/2006 Pacific Venture Tanker 96106 91 $23.50 2/16/2006 Kamari Tanker 96174 96 $52.60 2/16/2006 Taipan Tanker 96759 2002 $40.50 2/22/2006 Aegean Spirit Tanker 112661 2002 $69 2/22/2006 Ionian Spirit Tanker 112661 2002 $69 2/22/2006 Chios Spirit Tanker 112679 2002 $69 2/16/2006 Super Lady Tanker 147253 92 $32 2/7/2006 Europe Tanker 255087 88 $40 2/22/2006 Formosapetro Forever Tanker 281000 2005 $125 2/7/2006 Formosapetro Ace Tanker 281395 2001 $110 2/22/2006 Astro Leon Tanker 285767 92 $52.50 Source: Shipping Intelligence, tel: (212) 997 0966; email: spl@panix.com MR APRIL2006 #8 (57-65).qxd 4/3/2006 2:29 PM Page 57
