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.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ASA Mission Statement Revised to Expand Reach

The American Salvage Association has revised its mission statement to increase its area of influence beyond North America, complemented by a new logo that reflects the expanded direction.

New Chemical Handling Service from Ferguson Group

Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha.    Ferguson Group Australia, global specialist in offshore DNV 2.

BP Freezes Pay in 2015 to Cut Costs

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.   Over the past year,

Cruise Ship Trends

26-year Jail Term Sought for Concordia Master

An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people.

Fire Scare Aboard British Cruise Ship

The Boudicca, a Fred Olsen cruise liner, with more than 1,000 people on-board has been left without power off the coast of Morocco after an engine fire.  Passengers of the U.

Danish Pleasure Craft Safety Board Gets A New Head

From 1 February 2015 a new chairman will head the Danish Pleasure Craft Safety Board. The new incumbent is Jan Thorn, who is in his everyday work Director

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Sonar
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: 0.2269 sec (4 req/sec)