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Norwegian Cruise Line Has The Best Fleet In The Industry

Norwegian Cruise Line Holdings (NASDAQ:NCLH) is the smallest of the big three cruise line operators. Its market cap is only $6.3 billion, which is dwarfed by Carnival's (NYSE:CCL) $29 billion. The entire industry has underperformed given the flurry of mishaps. But Norwegian Cruise has actually underperformed Carnival by nearly ten percentage points over the last twelve months.

Yet, Carnival has been the biggest culprit for bringing negative publicity to the industry. Bad news for a couple operators has meant that the entire industry has suffered. But Norwegian Cruise still has a couple key advantages that position it as the only growth story in a very concentrated industry.

The road to recovery in the cruise industry is...

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