Starboard showcases experiential retail offer onboard Celebrity Xcel

Starboard Celebrity Xcel Dior shop-in-shop

Highlights include a Dior beauty shop-in-shop.

Starboard has unveiled new multi-sensory retail experiences onboard Celebrity Xcel, the newest vessel in Celebrity Cruises’ Edge Series. The ship’s inaugural season starts this month, sailing from Fort Lauderdale around the Caribbean.

The offer merges modern luxury, sensory exploration and technology to create a retail environment that goes beyond traditional shopping, according to the company. Key features include first-at-sea brand debuts, immersive digital experiences, and destination-inspired storytelling.

“Our collaboration with Celebrity Cruises continues to set new benchmarks for luxury retail at sea,” noted Starboard CEO Lisa Bauer. “On Celebrity Xcel, we’ve gone beyond traditional retail to create multi-sensory environments that redefine onboard shopping.

“With an unparalleled combination of first-at-sea brand partnerships, immersive design and exclusive experiences, this marks a landmark launch for both Starboard and Celebrity Cruises.”

Highlights include a Dior beauty shop-in-shop, and a curated selection of rare, authenticated vintage handbags and other accessories from Fashionphile. Additional new-to-Celebrity debuts include Swiss skincare brand La Prairie, and Weller 18 Year Old, an exclusive first-at-sea whiskey expression from Buffalo Trace Distillery.

Fashionphile offers shoppers a curated selection of rare, authenticated vintage handbags and other accessories.

Other standout offerings include Mankind Redefined, an elevated men’s lifestyle concept featuring a Johnnie Walker tasting experience; and Starboard’s Digital Liquor Experience, which provides guests with a new way to discover premium spirits, including an Angel’s Envy single-barrel bourbon curated exclusively for Celebrity Xcel.

Meanwhile, Starboard’s Bazaar marketplace celebrates global craftsmanship with products inspired by each itinerary. The new Flagship logo boutique debuts high-end fashion blended with destination-driven design, marking a fresh evolution in branded merchandising.

Adding to the sensory story is Celebrity Xcel’s signature scent, a fragrance personally selected by Celebrity Cruises President Laura Hodges Bethge. It is available for guests to take home as a candle and diffuser.

Starboard Celebrity Xcel onboard retail offer

The retail offer includes multiple exclusives and first-at-sea brand debuts, such as Angel’s Envy single-barrel bourbon.

Starboard emphasised how Celebrity Xcel’s retail experience is designed to celebrate the beauty and spirit of the ocean. Guests can explore a curated assortment of ocean-conscious clean beauty and skincare brands, including Project Reef and OSEA.

The ship also showcases a selection of fine jewellery by Aurélie Bidermann. Making its Celebrity Cruises debut, the brand features sea-inspired textures said to reflect Celebrity’s connection to refined, marine-inspired luxury.

Lagardère TR celebrates Tanah Merah Ferry Terminal store opening

Lagardère Singapore Duty Free Tanah Merah Ferry Terminal

The store’s grand opening took place on 15 September.

Lagardère Travel Retail Singapore has officially opened its new duty free store at Tanah Merah Ferry Terminal. The inauguration was marked by a ribbon-cutting ceremony attended by the Chairman and senior management of Singapore Cruise Centre (SCC), key vendor partners, and Lagardère Travel Retail Singapore’s Executive Committee.

As reported, Lagardère was awarded the long-term master duty free and general merchandise concession at SCC’s HarbourFront Passenger Terminal and Tanah Merah Ferry earlier this year.

With this opening adding to its existing stores at Singapore Changi Airport, Lagardère is now fully operational across all business lines in Singapore: Duty Free & Fashion, Travel Essentials, and Dining.

With SCC’s central role in the Fly-Ferry connectivity arrangement at Changi Airport, this partnership supports Singapore’s broader vision for an integrated travel ecosystem.

Lagardère pledges to deliver “world-class” retail experience

Speaking at the opening ceremony, Lagardère Travel Retail Singapore CEO Ann Pang commented: “It is a privilege to be here today as we celebrate the opening of our new store at the Singapore Cruise Centre. We are excited to embark on this long-term collaboration with Singapore Cruise Centre to elevate the travel retail experience for ferry passengers.

“Today marks the beginning of an exciting long-term journey together, one that we believe will create memorable experiences for millions of travellers who will pass through this key terminal.”

Lagardère Singapore Duty Free ferry store ribbon-cutting

From left to right: Jacqueline Tan (CEO of Singapore Cruise Centre); Ann Pang (CEO of Lagardère Travel Retail Singapore); Loh Lik Peng (Chairman of Singapore Cruise Centre); and Deborah Wee (Vice President – Retail Operations and Commercial of Lagardère Travel Retail Singapore).

Pang added: “As Singapore advances towards its Tourism 2040 vision, we are proud to contribute by delivering world-class retail experiences that enhance Singapore Cruise Centre’s role as a key connectivity hub. Backed by our global expertise and innovative approach, we are confident in creating exceptional retail experiences for all travellers here.”

Singapore Cruise Centre CEO Jacqueline Tan noted: “We are delighted to partner with Lagardère Travel Retail on this exciting journey. The Tanah Merah Ferry Terminal & HarbourFront Passenger Terminal are the key gateway to popular destinations such as Batam and Bintan, where we continue to see strong growth and rising passenger volumes.

“This new duty free store is a key milestone in enhancing the overall travel experience for our customers. We look forward to unlocking the full potential of this partnership and delivering even greater value to travellers in the years ahead.

Lagardère Singapore ferry store Ann Pang

Lagardère Travel Retail Singapore CEO Ann Pang described the new store opening as the beginning of an exciting long-term journey.

The new Tanah Merah store takes design cues from Singapore’s natural environment, using calming shades of green and blue, complemented by natural wood and coastal elements to create a warm, welcoming atmosphere.

Sustainability has been a key consideration throughout both the design and construction phases. Energy-efficient LED lighting, eco-friendly building materials, and the use of upcycled components in display fixtures demonstrate Lagardère Travel Retail’s commitment to reducing the store’s carbon footprint, while maintaining a premium retail atmosphere.

Harding+ and Pandora introduce TR first with personalised engraving at sea

Harding+ and Pandora introduce personalised engraving at sea

Harding+’s engraving service with Pandora is the first of its kind at sea.

Harding+, the cruise retail specialist, has partnered with Pandora to launch the jewellery brand’s first engraving service in the travel retail channel – and the first of its kind at sea.

The new bespoke personalisation concept is now live on five ships following an initial debut in October.

The engraving machines are currently featured onboard P&O Cruises’ Arvia and Iona, Princess Cruises’ Sun Princess, and Carnival Cruise Line’s Mardi Gras and Encounter. After proving successful as a pop-up on Arvia, the activation has now expanded to a wider fleet rollout.

The interactive experience allows guests to personalise their jewellery in real time, engraving initials, meaningful dates, messages and even handwriting onto selected Pandora pieces. The result is a personalised keepsake designed to commemorate the voyage or mark special moments celebrated onboard.

The launch coincides with Pandora’s expanded product offer at sea. This includes 12 new birthstone heart designs alongside pieces from the Pandora ME range – the brand’s gold jewellery collection designed around self-expression and individuality.

“We know from our guest insights that personalisation and mementos are key drivers of the cruise shopping experience,” said Linzi Walker, Chief Commercial Officer, Harding+. “Cruise guests want to take home more than a souvenir – they want memories. This experience brings emotional retail to life at sea, giving guests the opportunity to create something truly personal and meaningful.”

Guests on board can now personalise their jewellery in real time.

The activation further strengthens Pandora’s positioning across Harding’s retail footprint, where the brand has long been a strong performer with cruise guests seeking both gifting and self-purchase options.

Harding+ said the launch reflects its wider strategy to elevate onboard retail through experience-led concepts and guest engagement. “By combining Pandora’s global brand strength with our cruise retail expertise, this development represents a new phase in reimagining the shopping journey at sea,” said Walker. “We want to create exclusive activations and personalised moments that continue to resonate long after guests return home.”

Starboard launches new retail concept on Princess Cruises’ Star Princess

Starboard unveils a new retail experiences onboard Star Princess.

The Starboard team is working closely with Princess Cruises to create new retail opportunities.

Starboard has unveiled a new suite of immersive and personalised retail experiences onboard Princess Cruises’ newest ship, Star Princess, marking the latest evolution of cruise retail designed to blend storytelling, exclusivity and strong destination relevance.

The 4,300-passenger vessel, which set sail from Barcelona on 4 October ahead of its US inaugural voyage from Fort Lauderdale on 7 November, is the second in Princess’ Sphere-Class fleet. Starboard’s retail offer introduces a number of first-at-sea concepts across luxury beauty, fashion, watches, fine spirits and onboard personalisation.

“We are thrilled to introduce such an exciting range of immersive shopping experiences and custom activations onboard Star Princess,” said Lisa Bauer, President and CEO of Starboard Group. “We’ve leveraged our global network to bring first-at-sea boutiques, exclusive product curation and one-of-a-kind guest experiences to the ship, all designed to make each voyage unforgettable.”

First-at-sea luxury showcases

Among the headline additions is the first-at-sea Chanel beauty shop-in-shop, offering curated skincare and cosmetics. The wider beauty assortment includes designer fragrances, clean skincare brand Beekman 1802 and Moroccanoil haircare.

Star Princess features the first-at-sea Chanel beauty shop-in-shop.

In another category first, guests can shop a dedicated Fashionphile assortment of authenticated vintage luxury handbags from houses including Chanel, Dior, Gucci and Hermès. Designer bags from Coach and embellished accessories by Mary Frances further expand the fashion accessories offer.

Starboard has also invested in a robust luxury timepiece environment, with standalone Breitling and TAG Heuer boutiques onboard. The watch collection also includes certified pre-owned Rolex, as well as Jacob & Co., making its Princess Cruises debut, along with John Hardy, Norqain, Rado, Tissot and Citizen.

Luxury watch brands also take pride of place on board.

Personalisation and experiential retail take centre stage

In a first for the Princess fleet, Star Princess features extensive personalisation services, enabling guests to engrave, emboss or monogram jewellery, apparel, bags, hats and more. Onboard ear piercing services are also available.

A notable experiential highlight is the exclusive barrel of Angel’s Envy bourbon selected jointly by Starboard’s Lisa Bauer and Princess Cruises President Gus Antorcha. Guests can participate in tastings and purchase directly through an interactive digital storefront.

Star Princess’ personalisation services enabling guests to engrave jewellery, bags, hats and more.

Retail reflecting destinations and culture

As part of Starboard’s ongoing focus on destination storytelling, a rotating destination-themed boutique will bring regional craftsmanship and local culture onboard. During Caribbean sailings, this includes Dominican folk art featuring the cayena (hibiscus) national symbol, and contemporary handcrafted jewellery from Mexican brand Tumbiko.

Across apparel and accessories, the ship features brands including Vineyard Vines, 7Diamonds, America Beyond and Shiraleah. The fashion jewellery assortment spans Jason Hyde, Jet Set Candy, Pandora, Swarovski and Shae—Starboard’s exclusive brand—making its Princess Cruises debut. An exclusive inaugural merchandise collection featuring the Princess logo rounds out the offer.

“Our mission is to offer a refined, destination-rich cruise experience that blends relaxation, cultural immersion and memorable moments,” said Alfredo Jimenez, Vice President, Hotel Operations, Princess Cruises. “Starboard is helping us deliver that with custom retail experiences that truly enhance the voyage.”

Following its Caribbean season, Star Princess will reposition to Alaska in summer 2026, with additional itineraries to follow.

Rudolph Lohmeyer at TFWA: ‘We are in a moment of profound disorder’

Lohmeyer: “The worst thing you can do is be passive and stand still.”

Given the theme of this year’s TFWA Conference, ‘Explore New Horizons, ’ the Monday keynote presentation from Rudolph Lohmeyer, Partner at management consultancy Kearney and head of its National Transformations Institute, was on point.

As a global thinker and former Senior Advisor for Long-Term Strategic Planning at the US Department of State, Lohmeyer provided a sobering and cerebral assessment of the current geopolitical and economic state of affairs.

“We’re in a moment of profound disorder… with headwinds and tailwinds colliding… and moments of intense pressure,” he said.

In a well-constructed address, Lohmeyer explored multiple factors affecting business, from trade and investment to statecraft – examining topics ranging from tariffs and increasingly security-driven government policies worldwide, to how alliances are fracturing along geopolitical lines, leading to fragmented markets.

Cyber attacks at airports across Europe and drone incursions into Poland, Denmark, and Lithuania have already heightened security concerns and are reshaping the global landscape. And for industries that have long relied on open, fair, cross-border movement – including travel retail – shifting tariff policies, as well as institutions themselves being deliberately disrupted, driven by actors including the US, are presenting new challenges.

While trade continues to grow, patterns are changing on geopolitical and inter-regional lines. This may not last forever, but it still needs to be navigated.

Inter-regional trade is slowing, and regional trade is deepening.

Not all doom and gloom

At the same time, Lohmeyer cited changes that were bringing positive outcomes. Breakthroughs in gene therapy have shown to slow Huntington’s disease significantly, and IBM and HSBC are offering empirical evidence for the potential value of current quantum computers for solving real-world problems in algorithmic bond trading.

In all the flux, Lohmeyer said that there are intense pressures to adapt at a critical juncture in global affairs. Not all of this is new. He said that shifts in alliance structures have been taking place since 2008 and that countries are not investing solely in specific relationships, but in overlays.

In this “messy” scenario, unexpected markets such as India, which straddle rival blocs that are increasingly separated from each other, could be a bridge in an era where brinkmanship might otherwise drive conflict cascades. Developing economies are also in a better position to ride out issues of replacement rate and falling births that plague advanced economies, which have the added burden of high costs of ageing populations.

Nevertheless, Lohmeyer said he was guardedly optimistic for three reasons. Despite the breakdown of institutional structures, around the world, including Africa, “we are seeing bold institutional innovation”.

Secondly, technological advances offer huge potential for transformation. “They could drive divergence, but if we can find ways to disseminate (those advances) and make them more widely available to empower individuals, even Africa would be finally in a position to deliver on its economic potential,” he said.

Passivity ‘a recipe for losing’

The third reason for optimism is that “we have always needed a breakdown of one institutional structure before building a new one”. And we are witnessing that right now.

“At this window in time, the worst thing you can do is be passive and stand still,” Lohmeyer said. “That is a recipe for losing and being left behind.”

He added: “It is a time for analytically grounded bold bets, understanding what you do and understanding where you can place a bet that could be decisive, calibrating it against your portfolio, and then taking action.”

Cruise Retail Academy and Frntlne forge strategic, digital-first partnership

Cruise Retail Academy said this collaboration marks a significant step forward in connecting recruitment with a seamless and engaging training experience.

Cruise Retail Academy, a specialist in identifying and placing premier talent for the cruise industry, has announced a strategic partnership with Frntlne, a leading provider of mobile-first digital training solutions for global brands.

Adrian Pittaway, CEO of Cruise Retail Academy, said: “This partnership with frntlne has been forged because we fully understand the ideal onboarding journey of new crew into the cruise industry. frntlne’s incentivized innovative Tik-Tok style training model will deliver the best possible win-win results for a trinity of brands, operators and crew.

The operators get motivated and confident salespersons, the brands get improved brand knowledge from the outset, and the frontline colleagues get the confidence to generate higher sales and are rewarded for their training. We look forward to rolling out the frntlne platform with our many partners in the cruise industry and seeing the shared success.”

The partnership has set forth several key goals: transforming the onboarding process by empowering new hires with immediate access to essential brand training via a mobile-first platform; a combined platform delivering personalised mobile-friendly training content, with incentives for frontline workers; and standardised training to ensure that sales staff in the cruise industry are equipped with the latest brand knowledge and service protocols.

Further, Cruise Retail Academy noted it hopes to achieve a least a 20%+ increase in employee confidence, as measured through in-house training analytics, and that this exclusive collaboration will enable it to support a wider range of global brands across the onboard retail and hospitality sectors.

Michael Solomon, CEO of frntlne, added: “We’re thrilled to be partnering with Adrian and the Cruise Retail Academy team to bring a new era of training to the cruise industry. At frntlne, our mission is to empower frontline teams with knowledge and confidence in a way that’s engaging, rewarding, and effective from day one.

The Cruise Retail Academy deeply understands the unique onboarding needs of crew, and together we’ll ensure brands, operators, and frontline colleagues all benefit from a smarter, more motivating approach to training. We can’t wait to see the positive impact this collaboration will deliver across the industry “

EssilorLuxottica’s Alessio Crivelli elected to TFWA Board as VP Marketing

Alessio Crivelli, Global Travel Retail Director, EssilorLuxottica has been elected as Vice-President Marketing.

Tax Free World Association (TFWA) has named EssilorLuxottica Global Travel Retail Director Alessio Crivelli as Vice-President Marketing.

He was elected during the association’s management committee meeting on Friday 5 September and succeeds Hervé Ducros, Global Travel Retail Director at Chanel, who as reported stood down from his position on the Board.

Crivelli begins in post immediately, with his mandate running until the next election in October 2026.

A statement from the TFWA Board read: “We’d like to extend a warm welcome to Alessio Crivelli as our new Vice-President Marketing. Representing EssilorLuxottica, a company that is a worldwide leader in our industry, he brings a professional background uniquely suited to this role, with an outstanding track record in marketing across renowned brands including Adidas.

“His Italian heritage will enrich the diversity of our board, and his presence will give greater voice to a community that champions the premiumisation of our industry with distinction and style.”

Citizen Watch limited edition sails the seas with Harding+ and P&O Cruises

The Citizen X P&O Cruises Tsuyosa Special Edition launched this month.

Harding+ has launched the Citizen x P&O Cruises Tsuyosa Special Edition, available exclusively onboard selected P&O Cruises vessels.

Part of the sought-after Tsuyosa Automatic collection, the limited edition timepiece has been designed in close collaboration with P&O Cruises and features the cruise line’s signature sunray blue dial and logo.

A 40mm stainless steel case, automatic movement, 50m water resistance, transparent case back and anti-reflective sapphire crystal blends maritime ruggedness with sports-luxe styling.

Each item is presented in a bespoke collector’s gifting box with a branded plaque to satisfy gifting or souvenir purchases.

“The exclusive Citizen watch is a perfect example of how we are using premium brand partnerships and tailored onboard activations to deliver high-impact, memorable experiences,” commented Linzi Walker, Chief Commercial Officer at Harding+. “It’s not just about offering great product it’s about creating a sense of occasion and value for our guests.”

Mark Robinson, Managing Director of Citizen Watch UK, added: “The launch of the Citizen x P&O Cruises exclusive timepiece demonstrates the strength of our long-term partnership with Harding+ and P&O Cruises. Selecting a model from the popular Citizen Tsuyosa Automatic Collection and creating a bespoke gifting timepiece was a collaborative project, and we are very proud to see the watch launch this month.”

Travel Retail Awards: Leading airports set to attend

Heavyweight airport operators Fraport AG and Heathrow will join a roster of leading brands and other DF&TR stakeholders in the room for the highly anticipated consumer-voted Global Travel Retail Awards ceremony.

TRBusiness revealed the ‘Voted by Shoppers’ finalists last month for the DF&TR industry’s only consumer-voted awards event, which takes place on Tuesday 30 September (18:45 – 23:00) at the Hôtel Martinez in Cannes, dovetailing with TFWA World Exhibition & Conference week.

Nigel Hardy and Janice Hook, Co-Owners and Joint CEOs of TRBusiness said: “The 2025 consumer-voted Global Travel Retail Awards is shaping up to be another industry-inspiring evening, with the broadest and most dynamic set of entries we’ve received to date being put to the scrutiny of our leading panel of consumer judges and international travellers.

“We would like to pay a special thank you to the influential lineup of bloggers/vloggers and our partner m1nd-set for pouring their respective time and energies into another rigorous judging process that has once again set the gold standard in defining the consumer mark of confidence.”

Early bird rate ends Monday

Demand for tickets continues to soar, including from entrants now basking in the glow of their coveted finalists accolades – eager to learn whether their submission(s) has secured ‘Winner’ or ‘Highly Recommended’ status – and other channel executives curious to discover the evening’s unique blend of first-class hospitality and entertainment while learning more about the unrivalled qualitative and quantitative methodology that informs the judging process (more below..).

The good news is there is you can take still take advantage of early bird rates until Monday 11 August – but time is running out to secure your place at the global ceremony that recognises those products and concepts that resonate highly with travelling shoppers.

Single tickets are priced at £390.95 + VAT (20%) with the option to secure a table of 10 for £3,709.50 + VAT (20%).

From 12 August, final release ticket pricing will apply: £450 + VAT (20%) for a single ticket and £4,300 + VAT (20%) for a table of 10.

What can you expect?

In customary fashion, attendees to the consumer-voted Global Travel Retail Awards are in for an outstanding evening, beginning with a welcome reception featuring drinks and hors d’oeuvres before seats are taken for a sumptuous three-course dinner as the spectacular live ceremony gets underway.

Proceedings will conclude with an after-party boasting live music from popular band Brightlights, plus each ticket holder will walk away with a delegate gift bag.

During the evening, attendees will learn more about the award programme’s in-depth judging process.

Entries are assessed by 5,000 consumers, who are independently sourced from data partner m1nd-set’s unique and qualified database of international travellers – each of whom will have travelled through an airport within the past six months. This stage of the judging process comprises 80% of the overall score.

Attendees to the consumer-voted Global Travel Retail Awards are in for an outstanding evening, beginning with a welcome reception featuring drinks and hors d’oeuvres before seats are taken for a sumptuous three-course dinner and the spectacular live ceremony, concluding with an after-party boasting live music from popular band Brightlights, plus a delegate gift bag for each ticket holder.

The remaining 20% leans on the perspectives of a panel of influencer judges who have added benefit of being able to touch, feel and try out the product entries during a three-day in-person judging session.

This year’s crop of influential consumer judges gathered in London in June for this year’s judging session to assess the full gamut of product and CSR & retail initiatives – stay close to TRBusiness.com for a series of exclusive video soundbites set to rollout in the lead-up to the ceremony, as TRBusiness brings you the inside track on how our consumer judges perceive the travel shopping experience today and the push-and-pull factors influencing purchase.

An extended video compilation of the soundbites will be aired at the Global Travel Retail Awards ceremony.

As consumers become more discerning and preferences continue to evolve, TRBusiness has introduced new categories this year to reflect the changing pace and expectations of the travel shopping experience.

‘Best Airport Activation (Out-of-Store)’, ‘Best Airport Retail Initiative (Special Occasion)’ and ‘Best Airport Retail Initiative (Campaign)’ bolster the incredibly popular ‘Airport Retail Initiative’ category, which launched in 2024 and has this year been refined to ‘Airport Retail Initiative (in-store)’.

Winners’ circle: Trophy winners gather on stage for a celebratory group shot at the 2024 Global Travel Retail Awards.

As last year, finalists will have two chances to tread the awards stage with trophies and compact shopping-bag-style gongs up for grabs for those declared as Winners and Highly Recommended, respectively.

Additionally, all entrants will receive valuable feedback from the panel of consumer judges.

Insights by m1nd-set show that 22% of consumers are more likely to purchase a product displaying the ‘Voted by Shoppers’ Finalist logo, while nearly a third (31%) of consumers are more likely to purchase a product displaying the ‘Voted by Shoppers’ Winner logo.

TRBusiness looks forward to welcoming you to another unforgettable evening of conviviality and education, as we crown the best-in-class products and initiatives that have earned the stamp of consumer confidence.

Thank you to all those who entered – we wish you the very best of luck on the evening.

For more information, visit travelretailawards.com

To relive the best moments from the seventh edition of the consumer-voted Global Travel Retail Awards in 2024, you can view a dedicated e-zine by clicking here.

Thank you to our partners

Tallink Grupp staying buoyant despite $2.89m loss in Q2 2025

Unaudited half-year revenue amounted to €344.2m, a 7.1% decline year-on-year. EBITDA fell to €33.6m, compared to €81.1m during the same period last year.

AS Tallink Grupp transported a total of 1,488,128 passengers in the second quarter of 2025, marking a 2.5% increase compared to the same period last year, however the period ended with a loss of €2.5 million ($2.89m), which it said was influenced in part by dividend income tax.

Consolidated unaudited revenue for the quarter reached €207m.

Additionally, the company posted a net loss of €35.7m for the first half, contrasting with a net profit of €8.7m a year earlier.

“Tourism is a seasonal sector. The growth in passenger numbers during the second quarter reflects renewed trust and the recovery of people’s ability to travel. However, freight transportation remains more challenging,” said Paavo Nõgene, CEO of Tallink Grupp.

Nõgene continued: “Nevertheless, June’s result was somewhat better than last year’s. One reason for the losses has been idle vessels, although their number has decreased from four to two.

The sale of Star I and the chartering of Romantika help optimise asset utilisation, reduce running costs, and generate additional revenue. This is a positive development. The second-quarter result also includes a dividend income tax expense of €11 million.”

In terms of both on-board and onshore retail, Tallink Grupp was buoyed slightly by a 0.3% increase in revenue, with Q2 sales accounting for €102m, nearly half its sales revenue (€207m) in that quarter.

“The first half of the year has been challenging in many respects. Both passenger and freight volumes have declined due to clearly weakened demand,” Nõgene noted. “However, investments in vessel refurbishment and core business optimisation are laying the groundwork for potential profitability in future periods.”

“Tallink continues to actively reduce its debt load and invest in its fleet. We aim to maintain an optimal number of vessels on main routes, find utilisation options for idle ships, and remain a strong dividend stock for our shareholders,” Nõgene concluded.

Archives

Starboard showcases experiential retail offer onboard Celebrity Xcel

Lagardère TR celebrates Tanah Merah Ferry Terminal store opening

Lagardère pledges to deliver “world-class” retail experience

Harding+ and Pandora introduce TR first with personalised engraving at sea

Starboard launches new retail concept on Princess Cruises’ Star Princess

First-at-sea luxury showcases

Personalisation and experiential retail take centre stage

Retail reflecting destinations and culture

Rudolph Lohmeyer at TFWA: ‘We are in a moment of profound disorder’

Not all doom and gloom

Passivity ‘a recipe for losing’

Cruise Retail Academy and Frntlne forge strategic, digital-first partnership

EssilorLuxottica’s Alessio Crivelli elected to TFWA Board as VP Marketing

Citizen Watch limited edition sails the seas with Harding+ and P&O Cruises

Travel Retail Awards: Leading airports set to attend

Early bird rate ends Monday

What can you expect?

Tallink Grupp staying buoyant despite $2.89m loss in Q2 2025

Data & Analysis

Data & Analysis

Data & Analysis

Magazine

Tender News