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.
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
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
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 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
Carnival Corporation's new brand Fathom has appointed Michelle Sutter as a company senior sales leader. Sutter will be responsible for marketing and business development supporting sales of the new “social impact travel” brand.
Costa’s two new cruise ships will be the largest ever built based on guest capacity; Costa will join sister brand AIDA Cruises in building the first-ever cruise ships powered at sea by liquefied natural gas Carnival Corporation & plc today announced that its Italian brand
MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand. Carnival Corporation & plc has signed a memorandum of understanding (MOU) with China Merchants
Fincantieri shipyard to equip in-board propulsion for Carnival and Costa vessels, GE’s Power Conversion business has helped the shipyard successfully deliver the Costa Diadema cruise ship to the Carnival Corporation on October 28, 2014.
The chief executives of the world's largest cruise companies will participate in a wide-ranging discussion on the health and future of the global cruise business at Cruise Shipping Miami 2015's State of the Industry session on March 16-19 at the Miami Beach Convention Center.
Carnival Corporation today announced it will begin welcoming guests at its new $85 million Amber Cove port in the Dominican Republic beginning in October 2015. The facility, which represents the largest cruise industry investment ever made in the Dominican Republic
P&O Cruises UK’s Britannia, the biggest ship designed exclusively for Britain, was christened today in official naming ceremony; AIDA Cruises’ AIDAprima will begin service later this year, the second of 10 ships scheduled to be delivered to Carnival Corporation’s fleet
Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri and Meyer Werft to each build next-generation cruise ships for Carnival Corporation through two separate, long-term partnerships
The plate-cutting ceremony was held today at the Marghera shipyard for the "Seabourn Encore", the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn, brand of Carnival Corporation. “Seabourn Encore”
The Port of Seattle’s 2015 cruise season began May 1 at Smith Cove Cruise Terminal with the arrival of the Holland America Line Westerdam. The port expects 192 cruise ship calls this season, bringing an estimated 895,055 revenue passengers.
Carnival Corporation will utilize Transas simulators at the company's training facility in the Netherlands, where 6,500 deck and engineering of0ficers go through annual training Transas and the Center for Simulator and Maritime Training (CSMART)
Carnival Corporation & plc, Meyer Werft and Meyer Turku today announced a multi-billion Euro contract for four 180,000 gross ton large next-generation cruise ships. The ships will feature a revolutionary “green cruising” design and will be the first-ever cruise ships
Carnival Corporation has signed a multi-billion dollar contract to build four next-generation cruise ships with the largest guest capacity in the world. The four new ships will be the cruise industry's largest yet—but only in head count, not in size.