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.
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
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 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.
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.
In an industry first, the Miami-based Carnival Corp. will develop a multi-ship domestic Chinese cruise brand with Chinese partners. Carnival, the world’s largest cruise company, formed a joint venture with China State Shipbuilding Corp., the largest shipbuilder in China, and China Investment Corp., a sovereign wealth fund with $740 billion in assets. Carnival Chief Executive Officer Arnold Donald formalized the accord Wednesday in a meeting in
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
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.
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
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
Emergency crews recovered on Friday the bodies of nine people from the wreckage of a sightseeing plane that remains teetering on a steep rock face after crashing in Alaska, a rescue official said. Eight passengers and the pilot were killed when the aircraft
Carnival Corp. granted U.S. licenses to operate direct U.S.-to-Cuba travel for the purpose of providing cultural exchange Carnival Corporation & plc said that the U.S. Department of the Treasury and the U.S. Department of Commerce granted approval for the company to begin travel to Cuba
Justice Department Reaches Agreement with Carnival Corp. Over ADA Violations by Carnival Cruise Line, Holland America Line and Princess Cruises The U.S. Justice Department and Carnival Corp. have reached a comprehensive, landmark settlement agreement under the Americans with Disabilities
About 4,500 passengers and crew were stranded in the U.S. Virgin Islands for a second day after an engine fire on board a cruise ship operated by Carnival Corp. The company said on Tuesday that a team of experts, including representatives of the U.S
China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry. The world's biggest trading nation is focusing on the shipping industry as it grows more assertive over territorial
Officials for Italy's Tuscany region and the island of Giglio said on Monday they would seek a total of 220 million euros ($274 million) in damages from Costa Cruises, a unit of Carnival Corp, for the 2012 Concordia cruise liner disaster.
A cruise ship with 172 passengers and crew members suffering from a gastrointestinal ailment caused by norovirus was met by public health officials when it docked in California on Sunday, authorities and Carnival Corp said. The outbreak marks the second time in less than a year that the highly
An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people. Francesco Schettino was the commander of the vessel, a floating hotel as long as three football pitches
Schettino accused over loss of cruiseship in January 2012. Charges include manslaughter, causing shipwreck, abandoning ship. The former captain of the doomed Costa Concordia on Wednesday gave his final address to a court where he is being tried over the loss of the giant cruiseliner
A unit of one of the world's biggest cruise operators sought to reassure Italy on Friday that plans to transfer some of its operations to Germany did not mean it would move abroad. Costa Cruises, part of Carnival Corp, is based in the northern Italian port of Genoa
While many Asian ports restrict ships’ sulfur emissions, the level is far higher than limits in the U.S. and Europe, says a report in the WSJ. Many popular destinations, including Singapore, Australia and several of the Pacific Islands
Italy's Costa Cruises, a unit of Carnival Corp, said on Thursday it had cancelled stops in Tunisia after gunmen killed at least 17 tourists and two Tunisians at the national museum in the capital on Wednesday. A statement said the company had decided to "cancel all the forthcoming stops
The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28. That compared with a loss of $20 million, or 3 cents per share, in the 2014 quarter
Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar. Shares of the world's second-largest cruise operator, which also cut the higher end of its full-year net yields forecast, fell 9
About 60 guests aboard Holland America cruise ship Maasdam reported to the infirmary with the virus about one week into the cruise. The passengers on the MS Maasdam began experiencing gastrointestinal illness while on a 14-day sailing