Sea Containers Annual Report 98
Annual Report 1998 Sea Containers Ltd. 2860-AR-98 ANNUAL REPORT REVISED 5/5/99 3/6/99 4:50 pm Page 02 Sea Containers Ltd. Annual Report 1998 Contents Company description 2 Financial highlights 3 Directors and officers 4 President’s letter to shareholders 7 Pictured Left: The atrium Analysis of divisions: deck of the Silja Serenade, one of two sister ships operating nightly on the Passenger Transport 12 Stockholm-Helsinki route. Each ship has 986 cabins accommodating a total of Leisure 16 2,852 passengers. Extensive conference facilities are provided, along Containers 20 with seven restaurants, a nightclub, five pubs/bars and duty free shops. Each Pro p e r t y , Publishing and Plantations 24 ship makes a 36 hour round trip, making it into a mini-cruise while at the Fi n a n c e 26 same time offering fast overnight crossings for passengers, their cars and Financial review – SEC Form 10-K 29 freight vehicles. Front cover: The Silja Principal subsidiaries 83 Serenade and her sister ship Silja Symphony operate nightly between Shareholder and investor information 84 Helsinki and Stockholm departing at 6pm and arriving at 9am. From July 1, 1999 there will be a short stop in each direction in the Åland Islands which will qualify passengers for duty free allowances. The withdrawal of duty free allowances on other intra- European routes from July 1st should stimulate demand for the Silja services. ANNUAL REPORT REVISED 5/5/99 3/6/99 4:40 pm Page 04 Sea Containers Ltd. Sea Containers Ltd. is a Bermuda reg i s t e r ed company with regional operating offices in London, Genoa, New York City, Rio de Janeiro, Singapore and Sydney.
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