Fain cashed in 151,032 shares at an average of $90.3792 each on Monday, a statement said.

Despite the sale, Fain still has a significant stake in the cruiseship owner.

His remaining interest, spanning 1,223,209 shares, included restricted and performance stock is worth over $110m at Monday’s sale price.

Last week the company reported a strong second quarter profit of $185m and raised its profit forecast for the year.