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
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 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.
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.
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
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.
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
Cunard Line says it has five bids from European shipyards to build the Queen Mary 2, a rare new transatlantic liner that will rank with the world's largest passenger ships upon its completion in 2003. Cunard’s president Larry Pimentel was quoted as saying the a letter of intent should be forthcoming in the next few weeks, or month. All of the shipyards bidding are reportedly based in Europe. The original Queen Mary, built in a British shipyard, is now a floating hotel in southern California
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
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
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
Despite legal obstacles that might force them to sue in Italy litigants seek damages from Miami-based Carnival Corp. in US courts. The lawsuits filed in both federal and state courts contend that Carnival is the corporate parent of the Costa brand, which operated the vessel
According to the head of the International Maritime Organization (IMO), the world’s largest ships are well regulated and safe, Bloomberg news agency reported following an interview. In the wake of the dramatic Costa Concordia casualty nearly three weeks ago off the coast of Italy
While the search for survivors and bodies continues, and tales of a alleged bad behavior by the ship’s captain make the global media rounds, the next saga of the Costa Concordia will turn to the key question of: how will the ship be salvaged, and when removed from its current locale
According to a report from the Miami Herald, soaring fuel costs, deployment changes and steep discounting took a chunk out of Carnival Corp.’s second-quarter profits, despite higher revenues year over year. The company earned $206m for the period that ended May 31
21-22 June 2011 in Athens Posidonia Sea Tourism Forum to present growth potential and investment opportunities for Greece, Eastern Med and Black Sea The potential for sea tourism and its significance as a key factor in the development of the economies of Greece
According to a Miami Herals Wire report, Carnival Corp. is seeking compensation for damages and losses it incurred as a result of last April's Deepwater Horizon oil rig explosion and major oil spill in the Gulf of Mexico. Carnival Corp. filed suit last week on the anniversary of the oil spill
On May 26, 1998, then the largest cruise ship in the world, 109,000 GT Grand Princess, made her inaugural voyage with a 12 night cruise from Barcelona to Istanbul. Unlike contemporary cruise vessels at the time, she was fitted with seawater lubricated propeller shaft bearings
According to a report from Bloomberg, Carnival Corp., the world’s biggest cruise-line operator, forecast fiscal 2011 earnings will rise as ticket prices strengthen. (Source: Bloomberg)
Pamela C. Conover, who has taken leadership roles at three major cruise lines, has been voted Personality of the Year 2009 by the Women’s International Shipping & Trading Association. The decision was announced at the 2009 conference of WISTA
Pier Luigi Foschi, Chairman and CEO Costa Crociere, has been listed in the "Club 33" the list of the 33 most important and influencial people in global travel industry published by Travel Weekly magazine. Mr. Foschi’s brief profile reported by the magazine states: "He's not well know in the US
Cunard’s QE2 will become a luxury floating hotel according to Sky News The 70,000-ton vessel, launched by the Queen in 1967, is to be sold to the Dubai World company. The ship will be delivered to Dubai World in November next year. It will be berthed, from 2009
Carnival Corporation & plc has exercised its option for a new 86,000-ton vessel for its Holland America Line brand. The new 2,100-passenger ship will be built by Italian shipbuilder Fincantieri at its Marghera shipyard at an estimated all-in cost of â‚¬425 million