** Shares of cruise operators up after falling on Friday, following comments by U.S. commerce secretary Lutnick on taxes on cruise ships on Thursday
** Norwegian Cruise Line NCLH.N up 3%, Carnival CCL.N and Royal Caribbean Group RCL.N shares rise ~2% each
** All three stocks fell between 3% and 6% on Friday
** Morningstar analyst Jaime Katz says the price action seems to be in tandem with the broader market rebound
** Brokerage UBS notes since cruise lines pay taxes, including port taxes, where they do business globally, hence international shipping cos have been historically exempted from income tax
** Cites tax experts to say that change in tax treatment would require revision of tax code, and that exemption cannot be eliminated by treasury regulation or executive order
** In 2024, NCLH rose ~28%, while CCL and RCL rose ~34% and ~78%, respectively
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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