Two months after cruise lines ceased operations worldwide, the “Cruise Capital of the World” and its industry partners are in talks to redraw details in their long-term agreements to adjust to post-coronavirus expectations.
How those talks will affect four massive terminal deals PortMiami struck with Carnival Cruise Line, MSC Cruises, Norwegian Cruise Line and Virgin Voyage late last year remains to be seen, but port Director Juan Kuryla said Tuesday that all parties “continue to be optimistic.”
Those deals, plus another with cargo company Terminal Link, were projected in September to have a $7.8 billion impact here while creating 27,500 direct and indirect jobs.
Now, PortMiami and the cruise lines have exchanged force majeure letters, calling upon contractual clauses that free both parties from liabilities and obligations due to unforeseen circumstance.
Reposted from: https://www.miamitodaynews.com/
Author: Jesse Scheckner
