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Carnival Corp

Carnival Corp. Appoints Banks for Euro Bond

Carnival Corp the world's biggest cruise line, has mandated UBM and JP Morgan as lead managers for a debut euro-denominated issue, the banks said on Thursday. The transaction is expected to be launched in the near future following European Investor presentations arranged for February 27, 28 and March 1, according to the lead managers.


Cruise Powerhouse Carnival Corp. Commences Intermediate Ratings

Merrill Lynch said on Monday it had started coverage of Carnival Corp., the world's largest cruise line operator, with "intermediate" and "long term accumulate" ratings. Merrill said in a research note Carnival had a leading and growing market share in the expanding cruise industry, and both the company's and industry's prospects are reinforced by high consumer satisfaction levels and strong value ratings. It added that it had a 12-18 month price objective of $32 for Carnival - whose


NCL Shares Down

Shares in Norwegian cruise operator NCL Holding ASA fell six percent early Wednesday after Singapore's Star Cruises bought a 20.6 percent stake but said it did not plan to bid for the entire company. NCL, which is currently the target of a hostile takeover from U.S. cruise giant Carnival Corp., said it had asked to meet Star to discuss possible options.


NCL Retains Financial Advisers

NCL Holding ASA appointed Orkla Finans and Morgan Stanley as financial advisers following a takeover bid from Carnival Corp. Carnival, the world's largest cruise operator, has offered 30 Norwegian crowns per share for NCL, the fourth biggest operator. Miami-based NCL has rejected the bid as too low and has hinted that rival bids might be in the pipeline.


Carnival To Buy Remainder Of Costa Crociere

Carnival Corp., the world's biggest cruise operator, will buy the remaining half of Italian cruise operator Costa Crociere which it does not already own from British travel company Airtours Plc. Carnival said it expected to pay about $525 million in cash for Airtours' stake in Costa, which is headquartered in Genoa. Carnival would own all of Costa and keep a 26 percent "strategic interest" in Airtours, which it acquired in 1996


Carnival Sees Delay In Delivery Of New Cruise Ship

The Carnival Cruise Lines unit of Carnival Corp. reportedly expects technical difficulties to delay the delivery of its new 102,000-ton cruise ship Carnival Triumph.


NCL Turns Down Carnival's $1.7B Takeover Bid

NCL Holding ASA flatly rejected a 30 crown ($3.72) per share takeover offer from Carnival Corp, saying it undervalued the group's potential. NCL officials said it would be a waste of time to even meet Carnival given the offered price. Carnival, the world's largest cruise operator, whose lines include Cunard and Holland America, launched the surprise bid for NCL, the fourth largest operator, on Dec. 1. The bid values NCL at $884 million


Carnival Cruise Lines Founder Dies

Ted Arison, founder of Carnival Cruise Lines, reportedly died of a heart attack on Oct. 1 in Tel Aviv at the age of 75. Arison, listed in Forbes magazine as one of the world's richest men, made most of his fortune in the United States and had vast business interests in Israel. He assumed management of a passenger shipping company in Miami, Florida, soon after retiring there in 1966, and started Carnival Cruise Lines in 1972 after buying his first liner, Mardi Gras.


Costa Concordia Victims Win U.S. Jurisdiction Victory

Survivors of the Costa Concordia grounding win a huge victory in the United States District Court for the Southern District of Florida. The District Judge ordered the claims of 104 survivors remanded to the Florida State Court for continued litigation. The court's February 15, 2013 order concerned two cases, Denise Abeid-Saba , et al., v. Carnival Corporation et al., (USDC-SDFla Docket No.: 12-CV-23513) and Scimone v. Carnival Corp., (USDC-S.D.Fla Docket No


Carnival To Deploy Larger Cruise Ships To New Orleans

Carnival Dream

Citing strong performance and growing consumer demand, Carnival Cruise Lines today announced its’ largest and newest line of ships will sail from the Port of New Orleans beginning in April 2014. First, Carnival will deploy the 3,006-passenger Carnival Sunshine to New Orleans Nov. 18, replacing the current 2,984-passenger Carnival Conquest. The Carnival Sunshine recently underwent a massive $155 million transformation


Costa Concordia almost Ready for Final Voyage

Costa Concordia

  The massive hulk of the Costa Concordia is nearly ready to be towed away from the Italian island where it struck a rock and capsized two-and-a-half years ago, killing 32 people, officials said on Sunday. The rusting prow of the once-gleaming white luxury liner was due to emerge fully from


Costa Concordia: Operations to Tow the Wreck Begin

Costa after righting: Photo courtesy of the salvors

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people. A convoy of 14 vessels, led by the tug boat Blizzard


Royal Caribbean Profit Jumps on Higher European Demand

Oasis of the Seas (Photo courtesy of Royal Caribbean International)

Royal Caribbean Cruises Ltd's quarterly profit beat analysts' average estimate as demand for its European and Chinese cruises increased and passengers spent more on board, helping it raise its full-year profit forecast. Shares of the world's second-largest cruise operator rose as much as 9


Fincantieri to Build Third New Princess Cruises Ship

Rendering of the new cruise ship courtesy of Princess Cruises

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros. The 143,000-ton ship, which will enter service in 2017, will carry 3,560 passengers (lower berths)


Record Cruise Passenger Arrivals at Lisbon

Port of Lisbon

  A record 13,000 passengers disembarked on Tuesday in the port of Lisbon from the towering hulls of cruise ships, including Cunard Line's gigantic trio of "Queens" making a rare joint stopover in a nod to the destination's growing popularity.


Lisbon Sees Record Cruise Passenger Numbers

Total 18,000 passengers and crew arrive by sea in one day; last year saw record number of tourists, rise continues. Tourism accounts for some 10 percent of Portugal economy   A record 13,000 passengers disembarked on Tuesday in the port of Lisbon from the towering hulls of cruise ships


Costa Chooses Saipem to Scrap Concordia

Photo courtesy of the Parbuckling Project

Costa Cruises has chosen a consortium including oil service company Saipem to scrap the hulk of the Costa Concordia cruise liner which capsized off the Tuscany coast in 2012, sources familiar with the matter said on Friday. The green light from the Italian government is still missing


Carnival Profit More than Doubles

Carnival Liberty (Photo courtesy of Carnival  Corp)

Carnival Corp, the world's largest cruise operator, said its quarterly profit more than doubled as costs fell. Net income rose to $106 million, or 14 cents per share, in the second quarter ended May 31, from $41 million, or 5 cents per share, a year earlier.


Carnival's Profit Forecast Down

Carnival Spirit (Photo courtesy of Carnival)

Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean. Shares of the company, which operates the Carnival, Holland America and Costa cruise lines, fell as much as 3 percent


Cruise Lines Spend Big, Get Quirky to Lure Chinese Travellers

Looking to convince Chinese tourists that a ship can be a holiday destination and not just a way to get there, the world's leading cruise lines are spending billions of dollars on flashy new vessels and quirky on-board services. Carnival Corp and Royal Caribbean Cruises Ltd are trying to pique


Costa Concordia Wreck Set to Be Refloated in 10 Days

Photo courtesy of The Parbuckling Project

The wreck of the Costa Concordia cruise liner is set to be refloated within 10 days, to be towed away from the Italian island where it ran aground and capsized two and a half years ago, the group organizing the removal said on Thursday. The hulk of the 290-meter ship was righted and secured in


Concordia Disaster to Cost Owners More than $2b

Photo courtesy of the Parbuckling Project

The Costa Concordia disaster, when the cruise liner capsized off Italy more than two years ago, will likely end up costing the ship's owners just over $2 billion (1.5 billion euros), a company executive told a German newspaper. "So far, our costs are at 1 billion euros


Costa Concordia Refloating Begins

Refloating Costa Condordia: From Parbuckling Project video

The Concordia refloating operation has started informs the 'Parbuckling Project' web site. At 6 am Monday,  the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team, having been given the green light by the Italian


Costa Concordia Refloated

image: Parbuckling Project web site.

The wreck of the luxury liner Costa Concordia was refloated on Monday and will soon be towed away and broken up for scrap, more than two years after it capsized off the Italian coast, killing 32 people. The 290-metre Costa Concordia ran aground on rocks near the Tuscan holiday island of Giglio


Engineers Attach Final Tow Chains to Costa Concordia

Salvage going to plan, hulk due to depart July 21. Engineers were securing the final chains to the Costa Concordia on Tuesday, preparing the wrecked luxury liner to be towed away from the Italian island where it sank two and half years ago, killing 32 people.






 
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