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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


Fincantieri to Build Seabourn Cruise Ship

Companys Seabourn Quest: Photo courtesy of the owners

Italy-based shipbuilders Fincantieri say they have been contracted to build the new ship by Seabourn, the ultra-luxury cruise brand of Carnival Corp. The shipbuilders inform that the ship, due to join the Seabourn fleet in the second half of 2016


Cruise Ship Plucks Migrants from Wooden Boat

By Peter Polack, Reuters Twenty-four Cubans were rescued from a rickety wooden boat by a passing cruise liner which took them to the Cayman Islands, ship owner Carnival Corp said, as growing numbers of migrants try to sail to Central America and eventually reach the United States.


Carnival cruise passengers sue seeking $5,000 a month for life

A group of passengers suing Carnival cruise lines for damages after an engine fire left their ship adrift for days are asking the company to pay $5,000 a month for the rest of their lives for medical bills and mental anguish. A lawsuit brought by 33 passengers of the ill-fated 2013 voyage could


Concordia Captain Tried to Blame Wreck on Electrical Blackout

Costa Concordia (Photo courtesy of Boskalis)

The captain of the Costa Concordia tried to persuade the crisis coordinator of the cruise line to pretend an electrical blackout had caused the shipwreck, a court was told on Monday. The luxury liner hit rocks as it sailed close to the island of Giglio in January 2012


'Carnival Triumph': Coast Guard, NTSB, Launch Investigation

Engine Room Inspection: Photo credit USCG

The U.S. Coast Guard & the National Transportation Safety Board begin investigation into the circumstances of the fire. According to information given to  Reuters by the Coast Guard the fire on board the Carnival Corp cruise ship that drifted for days in the Gulf of Mexico awash


AAPA Cruise Seminar to Explore, Assess Industry Issues

Photo: AAPA

April 24-26 event in San Francisco to cover new developments and opportunities in cruise management, planning and compliance The American Association of Port Authorities’ (AAPA) 2013 Cruise Seminar in San Francisco, April 24-26, will kick off with a candid look inside the cruise industry


Cruise Line Maintains Coast Guard Help Free of Charge

Carnival Corp, resists reimbursement of costs incurred by US Government through assistance rendered to their disabled 'Carnival Triumph'. Carnival Corp. says all maritime interests must assist without question those in trouble at sea, a duty that would not include reimbursing the U.S


Costa Concordia: Lawyers Maintain Owners Criminally Liable

Photo credit Wiki CCL 2

Ronai & Ronai, LLP, a New York law firm that represents victims, including Sandor Feher, a musician who lost his life while trying to evacuate passengers, believes that the criminality of the deaths should also be placed on Costa Crociere/Carnival Corp


Carnival to Drydock 32 Ships by 1H 2016

(Photo: Carnival)

In the quest meet stringent new emissions regulations, cruise industry major Carnival Corp. earlier this month reached an agreement in principle with the U.S. Environmental Protection Agency (EPA) and Coast Guard to develop its own advanced emission control technology to be used in waters


Carnival Release Q3 2013 Results, Look to Asia for Growth

Carnival logo

Carnival Corp profits slipped-year-on-year according to its third quarter 2013 financial report: non-GAAP net income of $1.1 billion, or $1.38 diluted EPS for the third quarter of 2013 compared to non-GAAP net income for the third quarter of 2012 of $1.2 billion, or $1.53 diluted EPS.


Carnival to Develop New Emission Reduction Tech

Carnival will drydocks 9 ships in 2014; 16 ships in 2015 and 7 ships in the first half of 2016 to install new exhaust gas cleaning systems.

In the quest meet stringent new emissions regulations, cruise industry major Carnival Corp. earlier this month reached an agreement in principle with the U.S. Environmental Protection Agency (EPA) and Coast Guard to develop its own advanced emission control technology to be used in waters


Carnival Secures Fire Protection Maintenance Contract

HI-FOG sprinkler discharge

Marioff has signed a five-year frame agreement for maintenance services with Carnival Corporation & plc. The agreement covers servicing and maintaining HI-FOG water mist fire suppression systems already installed onboard 66 cruise vessels owned by Carnival Corporation and operating under


Fincantieri to Build Seabourne Cruise Ship

Seabourn Odyssey in Venice: Image courtesy of the owners

Fincantieri and Seabourn Cruise Line sign a Letter Of Intent for the construction ot an ultra-luxury cruise ship. The new ship, due to join the Carnival Corp's Seabourn fleet of cruise ships in the second half of 2016, will be built according to the standards and technical solutions that Seabourn


Big Hearted Responses to Philippine Typhoon Disaster

Capt. Disy press conference: Photo credit USN

USS Antietam arrives on scene heralding the arrival of the 'George Washington' carrier strike force wth its immense capabilities, cruise ship operators Carnival Corp. pledge a million US$ and KVH grants free phone calls. Navy Capt. Tom Disy


Harris CapRock & Carnival Sign Contract

harris caprock (Eric Haun) WEB.jpg

Harris CapRock Communications signed a five-year contract with Carnival Corp. to provide communications services onboard more than 100 cruise ships in its 10 cruise line brands.   Harris will deploy a fully managed, end-to-end Very Small Aperture Terminal (VSAT) solution utilizing the


 
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