Moody’s Upgrades Royal Caribbean Rating(marine crane manufacturer;offshore crane manufacturer)

- Jun 20, 2018-

royal-caribbean-622x468.jpgThe rating agency added that the company’s rating outlook is stable.

“The upgrade to Baa2 reflects Moody’s expectation that Royal Caribbean will benefit from strong booking trends, increased onboard spending and the introduction of new ships which will enable the company to maintain leverage below 3.5x,” Pete Trombetta, Moody’s lead lodging and cruise analyst, said.

“The upgrade also reflects the company’s improved liquidity position, including reduced outstandings under its committed revolving credit facilities,” Trombetta added.

The P-2 commercial paper rating reflects RCL’s adequate liquidity, supported by its strong free cash flow generation which is sufficient to cover debt maturities over the next 24 months.

Constraining the company’s liquidity profile is the large cash outflows related to new ship deliveries which cause spikes in capital expenditures throughout the year.

RCL also has a USD 1.4 billion revolver due 2020 and a USD 1.2 billion revolver due in 2022; combined outstandings of about USD 700 million at March 31, 2018.

The revolvers do not require a material adverse change representation at borrowing, but do contain financial covenants which are expected to maintain ample headroom, Moody’s concluded.

(marine crane manufacturer;offshore crane manufacturer)


Product Description

This kind of fixed boom crane is designed for general cargo handling and service onboard ships and offshore units. The OUCO-5T13-5M-Stiff-boom-crane.jpgcranes are available in various range and can be supplied according to customer requirements. The stiff boom cranes can be delivered within a broad range of certifications and numerous optional features. Stiff boom cranes, the boom type is fixed, are typically used in dock, on fixed installations and in harbor conditions with its stability. OUCO Marine/Offshore Stiff boom cranes are with low cost, easy operation and high efficiency on different working conditions.

 In certain situations a stiff boom crane even has a superior ability to reach over obstructions such as fences or walls where other cranes may fail.

 Not only are the important moving parts of the stiff boom protected inside the machinery, they are also less strained when lifting a load, as energy goes to its winch first, then to the lift cylinder, and then the actual crane structure.

Product Feature

  • Remote control

  • Operator’s cabin

  • Lifting of personnel – man-riding

  • External hydraulic power packs

  • Anti-collision system

  • Active Heave Compensation (AHC)

  • Passive Heave Compensation(PHC)

  • Design according to rules and regulations API 2C.

  • Class Societies like ABS, CCS, DNV, LR, RMRS, etc.

  • Diesel hydraulic drive

(marine crane manufacturer;offshore crane manufacturer)