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.
About Prestige Cruise Holdings:
Prestige Cruise Holdings (PCH) is a subsidiary of Apollo Management L.P. and the parent corporation of Regent Seven Seas Cruises and Oceania Cruises. Formed in 2007 to manage select assets in Apollo Management’s cruise investment portfolio, PCH is led by Chairman and Chief Executive Officer Frank J. Del Rio, the founder of Oceania Cruises. PCH is the market leader in the Upper Premium and Luxury segments of the cruise industry with more than 4,450 berths between the Regent Seven Seas Cruises and Oceania Cruises brands, a number the company expects will grow to more than 6,700 berths by 2011.
About Oceania Cruises:
Oceania Cruises® is the world’s only upper-premium cruise line and offers a unique combination of the finest cuisine at sea, luxurious accommodations, exceptional personalized service and extraordinary value. As the leader in destination cruising, Oceania Cruises sails to more than 180 ports in Europe, Australia, New Zealand, Asia, South America, and the Caribbean. Featuring three intimate and elegant mid-sized ships, Regatta, Insignia and Nautica, the line will introduce the new mid-size Marina to its award-winning fleet in 2010 along with an identical sister-ship in 2011. For additional information, to make a reservation, or to order a brochure, please contact your Travel Agent or Oceania Cruises at 800-531-5658. Visit us at
www.OceaniaCruises.com. About Regent Seven Seas Cruises: Regent Seven Seas Cruises operates a fleet of medium-sized luxury cruise ships that visit over 300 ports on all seven continents, including Antarctica. RSSC is consistently rated among the world’s top three cruise lines by readers of luxury travel magazines. Travel professionals worldwide voted RSSC the "World’s Best Luxury Cruise Line" for the fourth consecutive year as part of the 2007 Travel Weekly Awards and readers of Condé Nast Traveler magazine voted RSSC "World’s Best Small-Ship Cruise Line" in 2007. For further information, contact Regent Seven Seas Cruises, 1000 Corporate Drive, Suite 500, Fort Lauderdale, Florida, 33334. For brochures, call toll-free (866) 284-4079; for reservation information call toll-free (800) 285-1835; or visit
www.rssc.com SOURCE:
Prestige Cruise Holdings, Inc.
CONTACTS: Prestige Cruise Holdings, Inc. Media Contact
Tim Rubacky, +1-786-223-3846
