Cruise stocks dip on US-Europe tensions over Greenland

Viking Holdings(Pembroke)

20/01/2026 15:09

** Shares of cruise operators fall amid broader market weakness and rising geopolitical tensions

** Norwegian Cruise Line Holdings NCLH.N down 5.2% at $20.86; Royal Caribbean RCL.N  down 3.5% at $266.70; Carnival Corp CCL.N down 2.7% at $28.14; Viking Holdings VIK.N down nearly 1% at 68.75

** Wall Street's main indexes slide to near three-week low as fresh tariff threats from President Donald Trump against Europe amid a dispute over Greenland spook investors

** "Cruise shares appear to be trading down alongside other discretionary stocks, in tandem with broader market average weakness" - Morningstar analyst Jaime Katz

** Katz adds that there could be enhanced geopolitical risk given recent rhetoric around U.S. interest in Greenland and Europe’s general resistance to the idea

** In 2025, NCLH lost 13.5%, VIK rose 62.1%, RCL gained 20.9% and CCL was up 22.5%

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))