Hydrogen Cruise Expectations: Cruise Stocks Surge by 3.6 Trillion Won in Just One Day

Viking Holdings Ltd. (VIK), a premium cruise operator, jumped 8.94% on the New York Stock Exchange to close at $77.87, roughly KRW 115,000. With about 2.06 million shares changing hands, its market capitalization expanded to approximately $24.76 billion (about KRW 36.6 trillion), marking a one-day gain of around $2.43 billion (KRW 3.6 trillion), based on an exchange rate of KRW 1,477 per US dollar.

The company recently unveiled the Viking Libra, the world’s first hydrogen-powered cruise ship, accelerating its transition to zero-emission cruising and attracting investors attuned to environmental and regulatory developments. Last month, global institutional investor Capital Research disclosed a 5.5% stake valued at about $1.76 billion, underscoring positive medium- to long-term demand expectations.

Viking Holdings is a high-end cruise specialist operating river, ocean and expedition voyages across all seven continents. With a fleet of more than 90 vessels, it targets English-speaking, affluent adult travelers. Founded in 1997 by Torstein Hagen as a river cruise business, the company officially entered the public markets with its NYSE listing in May 2024.