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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 ...
In 1997, Hagen founded Viking River Cruises with the purchase of four river ships, launching the company with four Russian river cruises. [3] [5] Viking focuses on English language speakers over 55, especially Americans, and has more than 70 river cruise ships, which mainly navigate the major Europe waterways. [6] In May 2013, the company ...
As of 2021, the cruise industry was estimated to be around US$ 23.8 billion with 13.9 million passengers per year. The following is a list of the largest cruise lines with over 1,000 passengers per year and their market share by passengers and revenue as of 2021 according to Cruise Market Watch.
As CEO of cruise line Royal Viking in the 1980s, Hagen arranged for a $240 million management buyout that failed when a competitor made a surprise purchase of the company. He was soon ousted from ...
A third vessel, originally planned for 1990, was delayed due to investors' financial constraints and was ultimately purchased by Royal Viking Line in 1992 as Royal Viking Queen. In 1995, Royal Viking Queen was transferred to a Kloster subsidiary, Royal Cruise Line, as Queen Odyssey. In 1991, Carnival Corporation purchased a 25% stake in Seabourn.
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 ...
Viking River Cruises: Viking Long Ship: Basel: ENI 07002115 : Involved in the Hableány disaster. Viking Sineus: 1979: 125.0 m (410 ft) 360: Viking Ukraina: Vladimir ...
As the world's biggest river cruise line, Viking River Cruises lays claim to the largest fleet, most extensive network of rivers and a wealth of experience navigating the world's waterways. In a ...
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