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
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
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 & plc Required Announcement on Financial Impact of Costa Concordia. Carnival Corporation & plc has commented on the financial impact resulting from the grounding of the Costa Concordia. "At this time, our priority is the safety of our passengers and crew," said Micky Arison, Carnival Corporation & plc chairman and CEO. "We are deeply saddened by this tragic event and our hearts go out to everyone affected by the
Carnival Corporation & plc has assigned the newbuild slot for the previously announced 116,000-ton cruise ship to U.K.-based P&O Cruises. To be built by Italian shipbuilder Fincantieri, the vessel is scheduled to enter service in spring 2008. The new 3,100-passenger vessel will become the largest cruise ship specifically built for British cruise service and continues Carnival's ongoing European expansion strategy. An itinerary for this vessel has not been announced.
The European Commission (EC) issued a Press Release
Carnival Corporation & and Orizonia Corporacion announced that they have finalized the agreements for a previously announced multi-ship cruise brand serving the Spanish market. The transaction is expected to close on September 14, 2007, with Carnival owning 75 percent of the joint venture and Orizonia owning 25 percent. The new joint venture company will be consolidated into Carnival Corporation & plc's financial results starting in the fourth quarter 2007
The statement of Micky Arison, chairman and CEO of Carnival Corporation & plc, parent company of Costa Cruises: We are deeply saddened by the reports of additional deaths following the grounding of the Costa Concordia. On behalf of the entire Carnival Corporation & plc team, I offer our heartfelt condolences to all of those families affected by this tragedy. Our immediate priority continues to be supporting rescue and recovery efforts and looking after our
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.
OceanGuard Ballast Water Management System (BWMS), developed and manufactured by Headway Technology Co. Ltd., has been installed on board Aida Stella, a Carnival luxury cruise vessel. Aida Stella is the first order and application among in Germany for Headway
Carnival Cruise Lines implements enhancements to emergency power capabilities, fire safety technology, & improved operating redundancies across its fleet. The cruise lines say that this enhancement program, is to cost more than $300 million, and rapid upgrades have already begun.
The Senate Committee on Commerce, Science and Transportation said in a news release that Chairman Jay Rockefeller (D-W.Va) sent letters to the three largest cruise liners about their passenger safety, security, and health practices. Chairman Rockefeller’s letters to Carnival, Royal Caribbean
Ronai & Ronai, LLP, Counsel for the family of deceased Hungarian musician Szandor Fehrer & Hungarian survivors of the Costa Concordia disaster, issue statement on Captain Schettino's recent apology The statement is as follows:
Alan Hill, a 19-year veteran of the Broward County Port Everglades Department, has been named as its new Director of Administration In his new position, Hill will oversee procurement, property management, contract administration, business permits, franchises, human resources, labor relations
New York law firm Ronai & Ronai file a compensation claim on behalf of a victim of the 'Costa Concordia' shipwreck. The federal lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of the family of Hungarian violinist Sandor Feher
Swiss watchmaker Hublot has been appointed as official timekeeper aboard Seabourn cruise ships. Seabourn guests on board the line's six cruise ships will now be kept abreast of the current ship's time by means of Hublot wall clocks. Seabourn Quest Captain Geir-Arne Thue Nilsen welcomed
Carnival Corporation appoints Costa Cruises Chairman Pier Luigi Foschi to oversee the company's growth strategies within the Asian region. In his role as chairman and chief executive officer of the new Carnival Asia unit, Foschi will be responsible for establishing Carnival Corporation &
Germany’s Raytheon Anschütz won a contract to supply NautoSteer Advanced Steering Gear Control Systems to two prototype cruise ships being built at Fincantieri’s Monfalcone shipyard for Carnival Corporation. The new ships will operate under their Princess Cruises brand, and at 141
Carnival Corporation & plc orders new ships, one each for Its Holland America Line and Carnival Cruise Lines brands. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery
Carnival Corporation & plc reports fourth quarter and full year earnings 2012. Carnival Corporation & plc Chairman and CEO Micky Arison noted that fourth quarter earnings on a non-GAAP basis were better than anticipated in the company's September guidance
9 cruise industry associations to operate under a common organization with a unified structure to better serve the industry. The new association was created to provide increased benefits and a globally unified voice for cruise lines, travel agents and business partners – all of whom
Carnival Corporation contracts with JOWA Technology & JOWA WFE for equipment supply, installation & product training throughout its cruise fleet. Carnival representatives believe that the automated fuel switching system by JOWA Technology can save fuel by optimising fuel
Carnival dispatches a third tugboat, from Port Fourchon, Louisiana, to further assist the disabled cruise ship toward Mobile, ALA. The company has also announced further compensation of US$500 for the 3,143 passengers aboard the Carnival Triumph in addition to a full refund of the cruise along