WEBVTT

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The scrap yard in Turkey is what cruise line is go to die.

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These ships are being sold off and it being slowly torn apart

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at the end of the year, which almost sank the global Cruise

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industry.

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20/20 was supposed to be a record-breaking year covid-19

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group The Globe cruise ships were hit by Major outbreaks

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thousands of passengers and crew was stranded complain to that

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cabins and treated like fire hazards when they finally disembarked.

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Is chips late idle between March and September last year economic

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activity linked to cruising dropped by 77 billion dollars

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and they were 500,000 jobs were lost.

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Fern industry that Prides itself on its gleaming Public Image

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this was a disaster of Titanic proportions,

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but is this just a temporary crisis or will depend Emich change

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the industry forever?

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Today's Cruise industry Rose from the days of the grand ocean

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liners think the Titanic in the early 20th century companies

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like you nod and White Star Line set a standard of luxury

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and me the Rich and Famous could afford.

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The number of destinations was limited with many vessels

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plying the route between the United States and Europe a first

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class transatlantic ticket on board the HMS Lusitania in 1915

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could cost up to $380 the equivalent of almost $10,000 today.

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The arrival of large passenger jet aircraft in the 1960s.

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So democracy travel for way & Atlantic Crossings almost disappeared

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the industry have to adapt or die.

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Cruise Line has re-emerged as floating entertainment

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policies where the destination with less important than the onboard

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experience.

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Everything for passenger Comfort the 1960s and 70s Show the likes

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of Norwegian Royal Caribbean and Carnival into the market

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prices dropped passenger numbers grew in 1970 an estimated

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500000 people took a cruise.

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High Society, turned into something more accessible and fun

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That reputation too cold in popular culture with the help of comedy

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series like The Love Boat set on board the Pacific princess.

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By the 1980s both the industry and the ships began to expand

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rapidly around 40 new ships were built in the 80s some able

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to hold as many as 3,000 passengers troll out on the anchors

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of burnished teak decks and let your imagination roam free.

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And then I T Soul The Big Three Cruise Lines compete to be the

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biggest and the best.

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Even media John's like Disney join the race with domestic

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cruises that featured beloved characters and live shows.

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Today's cruise liners can boast a wide array of peaches from

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waterparks Ziplines to planetariums Royal Caribbean Symphony

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Of The Seas, the world's largest cruise ship can hold almost

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9,000 passengers and crew is 100 meters longer than the Titanic

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and twice as wide and the larger the ship the bigger the profit

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a floating city like this can generate 10 million dollars

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in Revenue in just one 7-day trip.

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It seems like nothing could stop this growth with passenger

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numbers almost doubling every decade.

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Buy 2018 cruises with a fastest growing sector of the travel

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industry with a value of around a hundred and fifty billion

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dollars.

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The three major companies which dominate the market make nearly

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six billion dollars in Combined profits during 2019 critics

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say that are not keeping salaries and tax bills Low by setting

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up their headquarters in cycle tax Havens.

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So kind of a corporation before the pandemic was earning

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over three billion dollars and net profit,

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but they pay virtually no income tax Carnival is a Panamanian

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Corporation Royal Caribbean is a Liberian Corporation

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and Norwegian Cruise Lines is a Bermudian Corporation

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Cruise industry's seemed on track for a record-breaking

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year expecting to welcome more than 32 million passengers

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on board. The pandemic would change all that on the 1st of February

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2020 a passenger who recently this involved from The Diamond

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Princess ship in Hong Kong tested positive for covid-19.

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3700 passengers and crew were quarantined on board in Japan

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Mark and Jerry Jorgensen.

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We're on the cruise and documented their experience Cruiser

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back here. They're setting up the Champs again.

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Play both Court coronavirus and David the next month more than

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700 people on board were infected the ship could become the scene

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of the largest coronavirus outbreak outside, China.

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14 people died

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Cruise operators weren't prepared for the pandemic and the response

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was confused the Diamond Princess outbreak with become one of

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many.

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Jennifer cutrona was on board Carnival's Costa luminosa

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for transatlantic Cruise when covid-19 bread and check but it's

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be as Gru passengers were confined to that cabins with the ship

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stranded at sea.

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that when I eat off of

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Having a hard time.

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I lay my doubts and my fears to try and Trust the people that

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are in charge at least he was on a cruise off the coast of

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Australia when the outbreak hit she's part of a cross-section

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suing the Ruby Princess for failing to take appropriate

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measures to keep passengers safe and Australian inquiry recorded

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28 deaths and they were nine hundred cases of covid-19 on board

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at no point.

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Did I tell us on the ship to social distance there was people

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crowding cheek to jowl over the ship on the 14th of March 2020

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the US Centers for Disease Control and prevention issued a no-sale

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order grounding All American cruise ships.

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The ban was lifted towards the end of the year,

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but with a global pandemic still out of control few ships returned

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to service in April 2020 an estimated 100,000 crew members

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were stuck on cruise ships prevented from talking around 20 ships

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are currently out of being sold or scrapped because of the downtown.

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In the US every day of inactivity across the industry goes to

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approximately 110 million dollars in Lost economic activity

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and around 800 jobs.

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Carnival the world's largest cruise company lost another

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2.2 billion dollars in the fourth quarter 20 20 bringing

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glasses from the pandemic 2 / 10 billion.

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Cruise ships will getting dumped floating Petri dishes providing

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the perfect conditions for a virus to spread a PR disaster

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that threatens to leave a lasting Legacy.

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The cruise industry is no stranger to setbacks including

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outbreaks of illnesses on board and it is usually managed

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to much unscathed.

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So when they were hit with a Norovirus outbreaks,

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I in 2000 2001-2002 and they created a huge media campaign

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to reinforce how safe are cruise ship was and why the meeting

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was over blowing

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Whose Line Is try to spend their way out of this Piada zoster

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to

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According to the New York Times Norwegian spend 7.6 million

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dollars more on digital ads between January and March 2020 during

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the same period the year before toothpaste has also increased

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spending on Advertising.

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So let's do this.

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But this time advertising alone couldn't help them attempts

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to restart cruising in November had to be abandoned is the virus

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most to find its way back on board.

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But every day that the cruise line is stay.

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They lose millions of dollars.

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So will they ever recover?

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The answer seems to be yes most won't resume sailing until

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the summer postponing their initial plans to restart in the spring,

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but boy and share prices towards optimism in the industry.

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People love Glen cruises going to go year after year after

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year. I think those kinds of people as soon as they're allowed

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to get back on cruises.

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They're going to jump at the opportunity to do so.

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With covid-19 chickens in place the cost of a cruise vacation

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May well rise and companies are still debating whether vaccinations

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should be compulsory for all passengers and crew.

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But it'll take more than a pandemic to keep Cruz lovers on dry

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land and this loyalty is the industry's main.

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Hope of keeping afloat after a year.

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That should have consigned it to the scrappy.