Cruising the Mediterranean

by P.G. Wild (International) Ltd.

The growth of the cruise industry has been an important phenomenon in international shipping during the past decade. While merchant shipping remained subject to the usual peaks and troughs, the cruise industry continued to expand and, in spite of a decline in the key North American market during 1994 and 1995, it has now evidently resumed its growth.

However, with nearly 50,000 new berths being added to capacity between now and 1999, it is clearly important that this growth is sustained and, in particular, that the North American market resumes earlier growth levels averaging around 9% per annum.

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