Shares of both Norwegian Cruise Line and Royal Caribbean Group experienced a notable increase on Friday.

Cyprus has strengthened its ties with Royal Caribbean Group as the cruise ship 'Navigator of the Seas' was registered under the Cyprus flag, marking the second vessel from the group to do so.

The Cyprus Presidency of the Council of the EU and the European Parliament have reached a provisional agreement on a new regulation to address the impact of global steel overcapacity on the European market.

Shares of Royal Caribbean Group (RCL) were sold off following a period of strong performance, as the company's growth outlook appears to be weakening.

The Deputy Ministry of Shipping of Cyprus announced the registration of Royal Caribbean Group's cruise ship 'Navigator of the Seas' in the Cypriot registry, strengthening cooperation with the international cruise giant.