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
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 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.
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 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
Meyer Turku (Finland) has signed a memorandum of agreement with the world’s largest cruise ship operator Carnival Corporation & plc for two new, 180 000 GT, cruise ships. The Ships will be built for Carnival Cruise Lines with delivery dates expected in 2020 and 2022. With the same agreement, Carnival Corporation & plc also orders one 180 000 GT cruise ship from Meyer Werft (Germany) for P&O Cruises, to be delivered in 2020.
Fincantieri, China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc signed a binding Memorandum of Agreement (MoA) for the construction of two cruise ships, with an option for additional four, the first units of the kind ever built in China for the Chinese market. The parties signed the MoA on behalf of the joint venture between Fincantieri and CSSC Cruise Technology Development Co., Ltd (CCTD), of the joint venture between Carnival Corporation and CSSC
The handover ceremony of “Seabourn Encore”, the first of two ultra-luxury cruise ships ordered to Fincantieri by the ship owner Seabourn Cruise Line, brand of Carnival Corporation, the world’s largest cruise company, took place today at the Marghera shipyard (Venice).
Back in 1994, GE’s technology helped power the 856-foot-long, 77,441-ton, Dawn Princess cruise vessel. Now decades later, GE will once again partner with Carnival Corporation to update the propulsion controls for Dawn Princess during its transition to Pacific Explorer
Two new ships to be built for company’s Holland America Line and Princess Cruises brands will help meet growing demand for cruise vacations and enhance the fleet. Carnival Corporation & plc announced that it has signed a memorandum of agreement with Italian shipbuilder
Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability
A steel cutting ceremony for Seabourn Ovation, the second of two ultra-luxury vessels which Fincantieri is currently building for the shipowner Seabourn, a brand of Carnival Corporation, was held June 7 at the shipyard in Sestri Ponente, Genoa.
Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä are among firms that are part of a new cross-industry initiative called SEA\LNG
Carnival Corporation & plc today announced the official opening of its Arison Maritime Center, a world-class facility dedicated to providing safety training for its bridge and engineering officers responsible for the navigation and operation of the company’s fleet of cruise ships.
Wärtsilä and other leading marine industry players have formed a coalition, known as SEA/LNG, to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. The coalition aims to help break down the barriers hindering the global development of
During the 11th annual “China Cruise Shipping and International Cruise Expo”, which started today in Tianjin, Fincantieri and China State Shipbuilding Corporation (CSSC), signed a non-binding agreement with Carnival Corporation and CIC Capital Corporation (CIC Capital) for the
Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced U.S. GAAP net income of $1.4 billion, or $1.93 diluted EPS, for the third quarter of 2016 compared to U.S. GAAP net income for the third quarter of 2015 of $1.2 billion, or $1.56 diluted EPS
Shell Western LNG B.V. (Shell) signed a supply agreement with Carnival Corporation & plc (Carnival) to supply liquefied natural gas (LNG) to fuel two of the world’s largest passenger cruise ships. Under the agreement, Shell will supply LNG for the world’s first LNG-powered cruise
MAN Diesel & Turbo said it has won the engine-supply contract from Fincantieri for newbuildings ordered by Costa Asia and P&O Cruises, Australia, members of Carnival Corporation & plc. Each vessel will feature 2 × 14V48/60CR + 3 × 8L48/60CR medium-speed MAN engines
Carnival to Sponsor ‘The New Celebrity Apprentice’ Carnival Corporation & plc announced it will sponsor the two-part finale of the upcoming season of NBC’s “The New Celebrity Apprentice” airing next year on February 6 and 13
The keel laying ceremony of "Seabourn Ovation", the second of two ultra-luxury cruise ships that Fincantieri is building for Seabourn Cruise Line, brand of Carnival Corporation, took place today, in the presence of the Italian Minister of Defence Roberta Pinotti