Carnival Corp. has exercised its option to purchase the remaining 32 percent minority interest in Cunard Line Ltd. in a deal worth about $205 million. Carnival acquired a 68 percent interest in Cunard Line Ltd. in May 1998. With the purchase of the 32 percent minority interest, Carnival will own 100 percent of Cunard. Under its option, Carnival said it has the right to purchase the minority interest for shares of Carnival common stock. In exercising its option, Carnival also offered the minority shareholders a cash alternative of $39.50 per Carnival share. Cunard Line Ltd. owns two luxury cruise lines - Cunard Line and Seabourn Cruise Line, which together operate eight luxury ships, including the world-renowned Queen Elizabeth 2. According to Carnival Corp. Chairman and CEO Micky Arison, the purchase of the remaining 32 percent of Cunard is being made in anticipation of the future expansion of the brand. "Considering the strength of the Cunard brand and its plans to build the largest ocean liner in the world to complement the Queen Elizabeth 2, it simply makes sense for Carnival to own 100 percent of Cunard," Arison said. - (Reuters)
When QE2 arrives in New York on 25 April and berths next to Queen Mary 2 it will be the first time since March 1940 that two Cunard Queens have berthed together in the port. The send-off will include fireworks as both vessels anchor off the Statue of Liberty. During the six-day crossing both vessels will remain within sight of each other – another event not witnessed since September 1967. Both ships will arrive in their home port of Southampton on 1 May
Comsat Mobile Communications (CMC) has signed a three-year agreement with Cunard Line Limited to provide worldwide data and satellite communications for the Line's fleet of eight cruise vessels - including renowned Queen Elizabeth 2 (QE 2). Virtually doubling the capacity of satellite communications available to crew and passengers on all Cunard vessels, the increased capacity will allow for greater access to e-mail, online services and telephone service
Cunard Line's parent company, Carnival Corporation, has signed a letter of intent with Italian shipyard Fincantieri for the construction of a new 1,968-passenger liner to serve the British market. The ship, which will cost approximately $400 million, will be delivered to Cunard in January 2005, just one year after the launch of the line's much anticipated Queen Mary 2. The order solidifies Cunard's strategic initiative, announced earlier this
Cunard is delighted to confirm that Her Majesty The Queen will name the company's new flagship Queen Mary 2 at a ceremony to take place in Southampton, England, on Thursday, January 8, 2004. Her Majesty will be accompanied by His Royal Highness The Duke of Edinburgh. The launch will be a milestone in British maritime history and will be a major event of worldwide interest. According to Pamela Conover, president of Cunard Line: "This will be an historic occasion in the true sense of the word
Cunard’s new Fincantieri-built 90,000gt cruiseliner, Queen Victoria, due to be named in Southampton by the Duchess of Cornwall accompanied by the Prince of Wales in December, has been fitted with a SAM Electronics’ NACOS 65-5 integrated navigation command system featuring a radar-controlled trackpilot, Ecdis and other state-of-the-art sensors. Designed to DNV NAUT AW and LR IBS standards and also featuring particularly high levels of system redundancy
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, at a specially-constructed pier at The Palm Jumeirah development in Dubai. The QE2 is the longest-serving vessel in the 168-year history of Cunard, which is owned by Carnival Corp, a British/American company.
In what perhaps will become one of the most ambitious and widely publicized ship launching this Century, Cunard Line announced the itineraries for Queen Mary 2's maiden voyage at a press conference held in New York this morning. The vessel, which is expected to be the largest ocean liner ever constructed, will include a traditional six-day transatlantic crossing, Caribbean voyages from New York, Rio de Janeiro sailings at Carnival time and journeys to Europe and the Americas are just a
Carnival Corp. announced it has finalized a contract with France's Alstom Chantiers de l'Atlantique shipyard for the construction of the Queen Mary 2, a new 150,000-ton "liner-style" vessel for its Cunard Line unit. The largest ocean liner ever constructed, Queen Mary 2 will have a basis-two capacity of 2,620 and will be built at a cost of approximately $780 million. Expected to enter service in late 2003, the Queen Mary 2 represents the first new ocean liner constructed in more than three
According to Lazard Freres and Co., the impact on Carnival's (CCL) business in the first week following terrorist attacks on September 11th is estimated at around $20 million, including loss of revenue from canceled cruises, port reposition costs, and additional transportation expenses. They have since dropped to about 50 to 60 percent of typical levels for this period, but cancellations, which had increased sharply in the days immediately following September 11th
Genting Hong Kong has agreed to acquire the Lloyd Werft shipyard in Bremerhaven, Germany, in a deal that will see the company invest €17.5 million for a 50 percent ownership of the land and 70 percent of the new build business. The acquisition remains subject to final purchase conditions.
Cunard’s luxurious flagship, the iconic 2,620 passenger ocean liner Queen Mary 2, will undergo an interior refit at the hands of McCue Marine during a 25-day multimillion-pound dry-dock at the Blohm & Voss Shipyard in Hamburg, Germany between May 27 and June 21, 2016.
Kiel is today (Saturday, 13th Aug.) celebrating the arrival of its 2,500th cruise ship visitor Cunard Line’s “Queen Elizabeth”, which berthed this morning to mark the event. The President of the City of Kiel, Hans-Werner Tovar paid tribute to the occasion during a reception at
Aberdeen Harbor Board said it has completed the restructuring of its Marine Operations Department with the internal appointment of Captain Jeff Gaskin as new Harbor Master and Alexandra McIntosh as Marine Manager. Gaskin, formerly the Harbor’s Marine Superintendent
Total 18,000 passengers and crew arrive by sea in one day; last year saw record number of tourists, rise continues. Tourism accounts for some 10 percent of Portugal economy A record 13,000 passengers disembarked on Tuesday in the port of Lisbon from the towering hulls of cruise ships
The cruise ship 'Queen Elizabeth', has arrived at the Blohm & Voss Shipyard in Hamburg, Germany, for her first scheduled dry-docking since she entered service in 2010, inform Cunard Line. “Queen Elizabeth is already a much loved ship and following this multi-million dollar refit
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.
Cunard’s Queen Victoria to undergo multimillion dollar refit at Blohm & Voss Shipyard in January 2015, nearly one year ahead of its planned December 2015 maintenance. Cunard Line announced last week that its liner Queen Victoria will enter the Blohm & Voss Shipyard in Hamburg
David Dingle appointed chairman of Carnival UK; David Noyes promoted to chief executive officer Carnival Corporation & plc announced that David Dingle has been appointed chairman of Carnival UK and David Noyes, currently executive vice president operations, has been promoted to the CEO role
MCP has signed a long-term contract with Carnival Corporation to provide 33 cruise ships with advanced mobile cellular communication services. The agreement provides close to 130,000 people each day mobile voice, texting (SMS) and data (mobile internet) coverage while at sea.
Cunard’s Queen Mary 2 will be fitted with a Wärtsilä advanced wastewater treatment system, enabling the cruise ship to comply with the IMO’s requirements concerning the prevention of pollution from ships. The contract
The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28. That compared with a loss of $20 million, or 3 cents per share, in the 2014 quarter
BMT ARGOSS, a subsidiary of BMT Group Ltd, has assisted Liverpool Pilots in its planning for the visit of Queen Elizabeth, Queen Victoria and Queen Mary 2 to Liverpool in May 2015. Liverpool Pilots have used BMT’s ‘REMBRANDT’
Three of the world’s largest and grandest ocean liners - the Queen Mary 2, the Queen Elizabeth and the Queen Victoria - paid a historic visit to salute the city of Liverpool, the original home of their owners, cruise-line company Cunard
The Queen Mary 2 cruise ship called off the search for a crew member late Saturday after he went overboard off the coast of Newfoundland. Colleagues on the Cunard vessel spent five hours looking for the man as they made their way from Southampton to Halifax, Canada.