Disney to Add New Ship in Tokyo to Expanding Cruise Business

Disney Dream, a Disney Cruise Lines' ship, sails to the Bahamas on the first Disney cruise for paying customers since they were stopped during the coronavirus disease (COVID-19) pandemic, from Port Canaveral in Florida, US, August 9, 2021. REUTERS/Joe Skipper/File Photo
Disney Dream, a Disney Cruise Lines' ship, sails to the Bahamas on the first Disney cruise for paying customers since they were stopped during the coronavirus disease (COVID-19) pandemic, from Port Canaveral in Florida, US, August 9, 2021. REUTERS/Joe Skipper/File Photo
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Disney to Add New Ship in Tokyo to Expanding Cruise Business

Disney Dream, a Disney Cruise Lines' ship, sails to the Bahamas on the first Disney cruise for paying customers since they were stopped during the coronavirus disease (COVID-19) pandemic, from Port Canaveral in Florida, US, August 9, 2021. REUTERS/Joe Skipper/File Photo
Disney Dream, a Disney Cruise Lines' ship, sails to the Bahamas on the first Disney cruise for paying customers since they were stopped during the coronavirus disease (COVID-19) pandemic, from Port Canaveral in Florida, US, August 9, 2021. REUTERS/Joe Skipper/File Photo

Walt Disney unveiled plans on Tuesday to launch a new cruise ship that will set sail from Tokyo starting in fiscal 2028, adding a ninth vessel to the brand's growing fleet.
The new ship, to be modeled after the Wish that is the largest vessel in the group, is a partnership with Oriental Land Company (OLC), the operator of Tokyo Disneyland. It is part of a 10-year, $60 billion expansion of Disney's theme parks and cruise business, said Reuters.
Disney currently has five cruise ships in operation. In addition to the Tokyo-based vessel, it has plans for three others, including one that will set sail from Singapore in 2025.
The ship, whose name was not revealed, will have a maximum capacity of 4,000 passengers and is expected to bring in about 100 billion yen ($621.77 million) in annual sales within several years of launch, OLC said.
"To set sail from Japan will make Disney vacations at sea more accessible to Japanese guests, who we know are some of our biggest fans," Thomas Mazloum, president of Disney Signature Experiences, told reporters.
The cruise line expansion comes as the industry is enjoying a rebound from a global shutdown during the COVID-19 pandemic. The Cruise Lines International Association expects the number of passengers to reach 34.7 million this year, up 17% from 2019.
Josh D'Amaro, chairman of Disney Experiences, told Reuters in a recent interview that the ships provide the opportunity to bring themed entertainment to places that are not close to the company's theme parks, such as Melbourne or Vancouver.
Disney also reaches a segment of the cruise market that had gone unaddressed - families.
"Forty percent of the people on those ships today will say, 'The only reason I'm on a cruise ship today is because Disney's here,' which means we're creating a market," D'Amaro said.
"When we are in Singapore, with this unbelievable ship that we're building, the same thing is going to happen," he added. "We know there's an insatiable demand for everything Disney."
Disney's experiences business, which includes its domestic and international parks and cruise line, accounted for more than one-third of the company's revenue in the March quarter, and nearly 60% of its operating income.
The company's stock tumbled in May after Chief Financial Officer Hugh Johnston warned about a "global moderation" in travel in the fiscal third quarter and other impacts, including higher wages and pre-opening expenses related to two of the new cruise ships and the new vacation island, Lookout Cay.
The rising tide for Disney's cruise lines could help offset any softness in the company's domestic theme park business, UBS analyst John Hodulik said. The company said its second quarter booking occupancy is at 97% for all five ships.
The rapid expansion of Disney's cruise capacity "helps de-risk the medium-term outlook" for the parks business, Hodulik said.
Disney's other recent investments include three new areas at the Tokyo DisneySea theme park, recreating the worlds of "Frozen," "Tangled," and "Peter Pan," the opening of a "Frozen" themed land at Hong Kong Disneyland, and a "Zootopia" experience in Shanghai.
The company is expected to announce plans for new attractions at Disneyland in California and Walt Disney World in central Florida in August, at its D23 fan convention.



Greece Experiences Weather 'Rollercoaster'

 A person holds a kite amid fog at Palaio Faliro suburb in Athens, Greece, March 15, 2025. (Reuters)
A person holds a kite amid fog at Palaio Faliro suburb in Athens, Greece, March 15, 2025. (Reuters)
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Greece Experiences Weather 'Rollercoaster'

 A person holds a kite amid fog at Palaio Faliro suburb in Athens, Greece, March 15, 2025. (Reuters)
A person holds a kite amid fog at Palaio Faliro suburb in Athens, Greece, March 15, 2025. (Reuters)

Greece is riding a weather "rollercoaster", with weekend temperatures spiking to a record high for March just ahead of a forecast bout of snow and frost, meteorologists said on Sunday.

The mercury soared to 31.4 degrees Celsius (88.5 degrees Fahrenheit) on Saturday in the central town of Livadia -- the highest-ever recorded for March, according to National Observatory of Athens’ Meteo.gr.

Across the country, other weather stations registered temperatures more typical of balmy May than the closing days of winter.

"The very high maximum temperatures recorded during the last four days (from Wednesday to Saturday) in the country, were record highs for the month of March in many areas," Meteo.gr said.

Following a surge of wildfires, a nationwide ban on burning material on rural properties is in effect until March 18.

"To have such temperatures so early in March, this has never happened before!" meteorologist Panagiotis Giannopoulos told ERT television.

The unusual spike was attributed to a blanket of Saharan dust in the air.

This winter is listed as the 13th warmest in Greece. The previous one, in 2023-2024, remains the warmest on record.

Inhabitants in Greece will have to brace for plunging temperatures from Tuesday, though, weather-watchers said.

"A cold air mass on Tuesday will give showers and snow all over the country," Giannopoulos said.

"In Athens, where today we have 27 degrees the maximum temperature will be 11 degrees. This is a rollercoaster," he added.

The abrupt change is particularly problematic for the agricultural sector.

In Greece's region of northern Macedonia -- which experienced 27 degrees on the weekend -- the expected frost is set to cause severe damage to fruit trees that are in full bloom.

Greece has become a climate-change hotspot. It had its hottest summer and warmest winter on record in 2024, according to data from the Meteo.gr network.

The year brought unprecedented temperatures, extreme rainfall and a notable frequency of impactful weather events.

Thirty-one significant weather incidents disrupted daily life in 2023, well above the 2000-2024 average, while nine weather-related deaths were registered.