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The company was established by Torstein Hagen in St. Petersburg, Russia as Viking River Cruises in 1997. Hagen had become involved in cruising as a McKinsey and Company consultant who helped the Holland America Line survive the 1973 oil crisis, then was CEO of the Royal Viking Line from 1980 to 1984, made money in the Russian private equity markets, then bought a controlling stake in a Dutch ...
Established in 1975, Cruise Lines International Association (CLIA) is the world's largest cruise industry trade association based on the number of passenger cruise ships operated by its members. However, there is a significant proportion of the wider cruise industry which does not subscribe to CLIA's member body and which transports a ...
Royal Viking Star was stretched in 1981, followed by Royal Viking Sky in 1982 and Royal Viking Sea in 1983. The lengthening of the ships improved both their profiles and their economics. In 1984, Torstein Hagen arranged a $240 million management buyout of the company, with the assistance of venture capital firm JH Whitney [citation needed].
MV Viking Star is the lead ship of the Viking Star class [citation needed] of cruise ships, and the first such ship operated by Viking Ocean Cruises, a division of Viking Cruises. She entered service in April 2015. Two Viking Star-class sister ships, Viking Sea and Viking Sky, joined her in the Viking Ocean Cruises fleet in 2016. [5]
Viking, which has $5.4 billion in debt, is planning to go public next week. ... Viking Holdings, the European cruise line operator, is seeking to raise more than $1 billion in a public offering ...
When it comes to booking a cruise with Holland America Line, it pays to be flexible. The cruise launched a new standby program offering fares of $49 per person, per day, if passengers don’t mind ...