PMorgan Chase’s executive reshuffling, noted by Wells Fargo analyst Mike Mayo, was executed from a position of strength, offering investors a clearer view of potential successors to CEO Jamie Dimon.
The Icon of the Seas, the world’s largest cruise ship at 365m (1,197 ft) with 20 decks and a capacity for 7,600 passengers, is set to embark on its maiden voyage from Miami, Florida.
Owned by the Royal Caribbean Group, the LNG-powered ship will undertake a seven-day tropical island-hopping journey. However, environmentalists raise concerns about potential methane emissions, emphasizing the vessel’s environmental impact.
Bryan Comer, Director of the Marine Programme at the ICCT, criticizes the use of LNG as a marine fuel, stating, “It’s a step in the wrong direction.” The ICCT’s recent report challenges regulations, asserting that methane emissions from LNG-fueled ships are higher than assumed.
Despite LNG being considered a cleaner alternative, the risk of leakage poses environmental challenges. Methane, a potent greenhouse gas, traps significantly more heat in the atmosphere than carbon dioxide over 20 years, necessitating emission reduction for combating global warming.
Media outlets quote a Royal Caribbean spokesperson, stating the Icon of the Seas is 24% more energy-efficient than the International Maritime Organization’s requirements. The company aims for a net-zero ship by 2035.
World Cup-winning captain Lionel Messi participated in the ship’s naming ceremony, triggering the traditional “good luck” breaking of a champagne bottle against the vessel’s bow.
The Icon of the Seas, costing $2bn (£1.6bn), now features seven swimming pools, six waterslides, and over 40 restaurants, bars, and lounges.
