Cruise Companies Slump On EPA Report

Wednesday, March 01, 2000
Cruise shipping lines, which were already weathering a slump to start 2000, were smacked with more bad news on Wednesday when it was revealed that six cruise ship companies -- Holland America Line, Princess Cruises, Celebrity Cruises, Norwegian Cruise Lines, Carnival Cruise Lines - were cited for emitting illegal amounts of smoke in scenic areas of Alaska, the U.S. Environmental Protection Agency said. Princess Cruises reportedly plans to review the allegations and to request a conference with EPA on the issue. Shares in Carnival, the world's largest cruise shipping company, were down $1 per share, or nearly 3.5% in trading at mid-day. Carnival shares have been hard hit for the last two months, as the company has watched its per share valuation cut nearly in half. Meanwhile, Royal Caribbean was being slammed even harder, with its shares down more than $5 per (about 15%), at trading mid-day on Wednesday.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Fugitive Treasure Hunter Arrested in Florida

An Ohio man who recovered as much as $400 million in gold from a shipwreck has been arrested in Florida after two years on the run and was scheduled to appear in federal court on Wednesday.

West Coast Port Talks Clear Hurdle

Shipping companies and the union for 20,000 dockworkers at nearly 30 U.S. West Coast ports have cleared a major hurdle in their protracted labor talks, clinching

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1110 sec (9 req/sec)