Carnival and Orizonia Finalize New Spanish Cruise Operation

Wednesday, September 05, 2007
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 and is expected to be accretive to results in 2008.

To be called Iberocruceros, the new joint venture combines the two vessels of Orizonia's existing cruise operations with a ship from the Carnival group. In addition to Orizonia's 1,244-passenger Grand Mistral and 834-passenger Grand Voyager, the 1,486-passenger Celebration from Carnival Cruise Lines' fleet, will be transferred to the new Iberocruceros company. After an extensive renovation, the Celebration is scheduled to enter service in late spring 2008. Alfredo Serrano, currently general manager of the Iberojet fleet, has been appointed general manager of Iberocruceros, which will be headquartered in Madrid. Serrano will report to the newly formed Iberocruceros board whose chairman will be Pier Luigi Foschi, chairman and CEO of Carnival Corporation & plc's Costa Cruises unit. The board will also include Orizonia CEO Gabriel Subias.

The three Iberocruceros ships will fly the Italian flag. Itineraries for these vessels will be announced shortly.


People & Company News

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Why Maritime Museums Matter

With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask,

Cruise Ship Trends

Vard Bags Hapag-Lloyd Cruises contract for 2 Vessels

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured contracts

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0867 sec (12 req/sec)