• Nightmare at Sea Ends in Death for Some Cruise-Ship Workers

    Nightmare at Sea Ends in Death for Some Cruise-Ship Workers(Bloomberg) — Lauren Carrick and fiance Joe Harrison haven’t had a good night’s sleep in weeks. The two dancers on Celebrity Cruises’ Infinity say being held aboard ships for almost two months has left them emotionally drained.“I cried all day,” said Carrick, 29. “We need to have alcohol to sleep — that’s how bad it is. We’re worried, tense, stressed out. We just want to get home.”Carrick and Harrison are among the more than 90,000 cruise workers in U.S. waters stranded on ships two months after the coronavirus pandemic began forcing cruise lines to halt operations and repatriate crew. While companies work through a thicket of shifting rules on returning workers to their home countries, recent deaths of crew have shook the industry and underscored concern about mental health.“It’s a very stressful situation,” said Fabrizio Barcellona, assistant secretary for seafarers at the International Transport Workers’ Federation, which represents local unions. “The prolonged periods they have to stay on board can create a situation of unrest. People can become distressed and that can create flash points.”Carnival Corp.’s Princess Cruises said Sunday a 39-year-old crew member from Ukraine was killed after leaping off its Regal Princess in the port of Rotterdam. The ship’s crew was in the process of being repatriated, the company said in an emailed statement.Another worker was found dead in his cabin on the Carnival Breeze, unrelated to Covid-19, the company said. Carnival, the world’s largest operator, said it was not providing details of the death out of respect for the worker’s family.Royal Caribbean Cruises Ltd., the No. 2 line and owner of Celebrity Cruises, said a crew member went overboard from its Jewel of the Seas about two weeks ago.‘Suicidal’ MessagesCrew members have said the reported deaths have rattled them and dampened morale, said Krista Thomas, a former Norwegian Cruise Line guest manager who’s operating two Facebook pages for stranded crew and their families. In recent days, several workers have told her in direct messages that they are suicidal, she said.“Many of these people have been isolated in their small cabins for 21 hours a day and they’re breaking down from the loneliness and stress,” said Thomas, who operates the pages from Vancouver. “Many have been told to pack quickly to leave, and then their charter flights get canceled. Those highs and lows are taking their toll.”The cruise-line operators say government policy changes and travel restrictions have complicated efforts to get crew home. More than 124 cruise ships — with 94,600 workers aboard — are underway or at anchor in U.S. waters, the Coast Guard said Monday.“That one simple question — how do we get you home? — turns out to be incredibly complex to answer,” Michael Bayley, chief executive officer of Royal Caribbean International, wrote in a letter to crew members this month. “Each country has rules and regulations for who can travel home, and how, and when. But in the wake of the coronavirus pandemic, those rules have gone in all different directions — and they frequently change without notice.”About 15 countries won’t allow their citizens to return home at all amid the pandemic, said Bayley.About 7,100 Filipino crew on 20 ships were anchored in Manila bay as of last week, awaiting government testing and clearance to return home, the Philippine Coast Guard said. Many have been confined to their cabins for at least two weeks, according to crew and some operators. They will be quarantined 14 more days before leaving the vessel, the Coast Guard said in an email.Royal Caribbean International has said all 25,000 crew members on its ships have completed 14 days of in-room quarantine and are now practicing social distancing. While the company has repatriated about 9,100 seafarers, plans are still being made for the others, who come from 60 different countries, Bayley said in the letter.Carnival has also cited port closures and travel restrictions as roadblocks to getting crew back on land. The operator repatriated 20,000 workers last month, and another 49,600 are waiting to go home as of Monday, according to Roger Frizzell, a spokesman for Carnival, which employs about 90,000 crew on 105 cruise ships.CDC RequirementsThe business shutdown for many cruise operators began in earnest March 14, when the Centers for Disease Control and Prevention issued its first-ever no sail order for all cruise ships in U.S. waters.The order banned passengers from boarding and required lines to come up with plans to contain Covid-19 infections. Since February, more than 30 cruise voyages have been linked to coronavirus outbreaks, according to the CDC website.Last month, the CDC updated requirements that called for cruise company executives to guarantee that seafarers would be flown home on charter flights and other private transport. Under the rules, crew should not use public airport terminals or transportation to avoid the risk of spreading infections.Travel restrictions have also meant that in some cases, workers are shuffled from one ship to another before they can set foot on land again.Carrick and Harrison, both from the U.K., were moved to another Celebrity ship, the Reflection, a few days ago. They were told to pack to transfer to yet another ship Monday, but were given a last-minute option to remain on their current ship and then get on a charter flight to the U.K. next week.They chose the flight and have also made another important decision. After dancing on ships for more than 6 years, this will be their last voyage.“This whole experience has been a nightmare,” said Carrick. “I can’t even think of coming back to a ship.”(Updates Carnival crew numbers in 15th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • 5 things to watch on the ASX 200 on Wednesday

    Investment stock market Entrepreneur Business Man discussing and analysis graph stock market trading,stock chart concept

    On Tuesday the S&P/ASX 200 Index (ASX: XJO) gave back all of Monday’s strong gains. The benchmark index tumbled a disappointing 1.1% to 5,403 points.

    Will the market be bounce back from this on Wednesday? Here are five things to watch:

    ASX 200 expected to fall again.

    The Australian share market looks set to extend its decline on Wednesday. According to the latest SPI futures, the ASX 200 is expected to fall 70 points or 1.3% at the open. This follows a very poor night of trade on Wall Street which saw the Dow Jones fall 1.9%, the S&P 500 drop 2.05%, and the Nasdaq index tumble 2.05%. Investors were selling equities due to reopening jitters, with U.S. banks particularly poor performers.

    Commonwealth Bank third quarter update.

    The Commonwealth Bank of Australia (ASX: CBA) share price will be on watch today when it releases its third quarter update. Some analysts have tipped the Australia’s largest bank to reveal its expectations for provisions in FY 2020. There is speculation that Commonwealth Bank’s bad debt provisions could be as high as $3 billion because of the coronavirus pandemic.

    Oil prices jump.

    Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could be on the rise today after oil prices jumped higher. According to Bloomberg, the WTI crude oil price rose 5.6% to US$25.50 a barrel and the Brent crude oil price climbed 0.2% to US$29.69 a barrel. Traders were buying oil after Saudi Arabia pledged to deepen its production cut.

    Gold price pushes higher.

    It could be a good day of trade for gold miners including Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) after the gold price pushed higher. According to CNBC, the spot gold price is up 0.45% to US$1,705.60 an ounce. Investors are betting on more stimulus from central banks to support the economic recovery from the pandemic.

    REA Group tipped as a buy.

    The REA Group Limited (ASX: REA) share price could have a lot more room to run according to analysts at Goldman Sachs. The broker has retained its buy rating and lifted the price target on the property listings company’s shares to $107.00. This represents potential upside of approximately 14% over the next 12 months.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Could Musk’s recent comments hurt Tesla sales?

    Could Musk's recent comments hurt Tesla sales? Yahoo Finance’s Myles Udland, Jennifer Rogers, Dan Roberts, and Melody Hahm discuss Tesla CEO Elon Musk’s latest comments and tweets about the reopening of California, and whether that could hurt Tesla in the long run.

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