Carnival Corporation to sell existing shares over time in the London stock market. Carnival Corporation and Carnival Investments Limited, a wholly owned subsidiary of Carnival Corporation, intend to sell existing Carnival plc ordinary shares that they hold in the UK market. Depending on market conditions, Carnival Corporation and Carnival Investments Limited over time will sell up to 32,000,000 ordinary shares of Carnival plc in this program. Under the terms of the articles of association of Carnival plc the ordinary shares sold by Carnival Corporation and Carnival Investments Limited will, once held outside of the Carnival Corporation group, become re-enfranchised for voting purposes. The ordinary shares will be sold from time to time in the UK in "at the market" transactions at times when the Carnival Corporation common stock is trading at a discount to Carnival plc shares. Carnival Corporation & plc intends to use the net proceeds of the Carnival plc Share Sales to repurchase Carnival Corporation common stock on at least an equivalent basis in the U.S. market ("Stock Swap Repurchase"), and to use the remaining net proceeds, if any, for general corporate purposes. Carnival Corporation & plc only intends to trade where it will derive an economic benefit from the Carnival plc Share Sales and Carnival Corporation Stock Swap Repurchase program.
Carnival Corporation appoints new non-exec director to serve on health, environment, safety & security committees At the annual shareholders meeting of Carnival Corporation & plc held in Miami Beach, Fla., shareholders elected a new member to the company's board of directors – Debra Kelly-Ennis, president and chief executive officer of Diageo Canada, Inc. Kelly-Ennis will serve in a non-executive capacity on Carnival Corporation & plc's 14-member board
Rick Meadows, 37, formerly vice president of sales and marketing for Windstar Cruises, a unit of Carnival Corporation (NYSE: CCL), has transferred to the parent company assuming the position of vice president of marketing. In this capacity, Meadows' responsibilities include evaluating potential e-marketing opportunities and further developing the World's Leading Cruise Lines, the marketing association for Carnival Corporation's six cruise brands
Carnival Corporation CEO Arnold Donald announced that Carnival will significantly extend its installation of exhaust gas cleaning technology, investing $400m in the coming three years to install the technology on 70 ships across its brand, a significant jump from the 32 announced last year. Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is the world’s largest cruise company, and Donald stressed that it is the company’s intention to use “communication
Björn Rosengren, President and CEO of Wärtsilä Corporation and Micky Arison, Chairman of the Board of Carnival Corporation & plc are pleased about deepening the cooperation to support sustainable and environmentally friendly cruises. Wärtsilä and Carnival Corporation & plc have partnered to optimize engine room operations aboard the company's fleet of 101 ships across its nine global brands.
Tom Dow, a 28-year travel industry veteran, has been named vice president - public affairs for Miami-based Carnival Corporation & plc. In this newly created position, Dow serves as Carnival Corporation & plc's liaison to federal and state governments and local communities in North America. He also serves as Carnival Corporation & plc's representative for industry organizations such as the International Council of Cruise Lines
Carnival Corporation names Michael Ungerer to new Chief Operations Officer Role for Asia, also appoints Felix Eichhorn as President of AIDA Cruises Carnival Corporation & plc announced that Michael Ungerer, currently President of Germany-based AIDA Cruises, has been appointed Chief Operations Officer-Shared Services for Carnival Asia, effective September 1, 2015. Ungerer will relocate to Shanghai, China, and directly support each of the Carnival Corporation brands operating in the
Regal Princess and Costa Diadema christened this week in two naming ceremonies over the span of three days; in 2015, P&O Cruises UK and AIDA brands will each add a new ship, giving Carnival Corporation a total of four new ships added across four global cruise brands in less than 18 months Carnival Corporation & plc announced it will increase fleet capacity by nearly 10 percent from 2014 through 2016, fueled largely by the addition of four new ships across four brands in less than 18
Carnival Corporation & plc released a report today detailing its sustainability efforts, including initiatives which enabled the company to meet its corporate goal to reduce its rate of CO2 emissions from shipboard operations by 20 percent, a year ahead of its initial plan. The 2013 Sustainability Report also covers the company’s investments in environmental technology, improvements in ship energy efficiency and reduction in shipboard water consumption.
Carnival Corporation announced that the severe weather caused by Hurricane Katrina and subsequent port closures resulted in the cancellation of one voyage and the shortening of two voyages, as well as other voyage disruptions and related costs, for the company's Carnival Cruise Lines brand. In addition, Carnival Cruise Lines has two vessels, the Carnival Conquest and Sensation, which homeported out of New Orleans. Given the tremendous damage to New Orleans
25-year veteran Chinese executive charged with overseeing Carnival Corporation’s presence in China and facilitating the company’s long-term growth plans for cruising in the region Carnival Corporation & plc today announced that Roger Chen has been appointed chairman in
Eyeing expanding global cruise market, four of Carnival Corporation’s 10 brands prepare to add new ships in 2016 Carnival Corporation & plc will launch four new ships in 2016 across four of its global cruise brands. These additions are part of the 17 ships scheduled for delivery
Following an agreement subscribed in March 2015, Fincantieri announced today it has signed a memorandum of agreement with Carnival Corporation & plc for the construction of four new cruise ships of an overall value of about 2.5 billion euros
Carnival Corporation reported a 40 percent increase in its results for the full fiscal year ended November 30. Strong operational execution delivered $0.25 per share higher earnings than the mid-point of the company’s full year 2015 December guidance, despite a $0
The Sustainable Shipping Initiative (SSI) is stepping up pressure on the shipping industry ahead of the COP21 Climate Change Conference in Paris, says The Chamber of Shipping of British Columbia. SSI want the IMO to support the UNFCCC global CO2 reduction targets on the basis that
Sydney is the stage for the biggest get-together of a fleet of cruise ships ever seen in the harbor city. Five P&O cruise ships have created a V-formation at sea then sailed toward Sydney abreast in a single line, to celebrate the fleet's newest additions
Sembcorp Marine, a global leader in cruise ship repair, refurbishment and conversion work, has successfully upgraded the Pacific Eden (formerly Statendam) and the Pacific Aria (formerly Ryndam) at its Admiralty Yard. The concurrent drydocking of these two cruise vessels at the
Power and automation technology group ABB announced it has won a repeat order worth $60 million to deliver complete electrical power plants and Azipod XO fuel-saving electric propulsion systems for Carnival Corporation’s two new cruise vessels.
Cruise ship suites to get cosmetic enhancements, refreshed décor and new amenities As part of a $300-million brand enhancement initiative, Carnival Corporation’s Holland America Line is planning enhancements to its top staterooms with new furnishings, décor
Fathom, the pioneer in social impact travel and Carnival Corporation’s 10th and newest brand, has named industry veteran, Bill Diebenow as the company’s director of sales, affinity and special accounts. In this role, Diebenow will lead a robust sales team and focus on new
Moses Kirkconnell, the Cayman Islands’ minister of tourism said that future off-shore tendering of cruise ships is out of the question in lieu of building a $150 million cruise pier and terminal in the Cayman Islands. Given that in 2014 approximately 82% of Cayman’s
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
Eying a rapidly growing cruise market, Carnival Corporation announces plans to sail more ships from China The Chinese cruise market, expected to become the world’s largest based on surging demand for cruise vacations by Chinese travelers
Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that combines travelers’ love of travel with their desire to make a difference
Carnival Corporation & plc today officially opened an all-new, highly anticipated expansion of its operations in Cozumel, Mexico, adding a third berth to the company's pier at Puerta Maya, the most popular cruise destination in the Caribbean.