Carnival Reports Financial Impact of Hurricane Jeanne

Tuesday, September 28, 2004
Carnival Corporation & plc announced that it estimates the financial impact of Hurricane Jeanne on its fourth quarter earnings will be approximately $0.02 per share. This is in addition to a previously announced impact of $0.03 to $0.04 per share as a result of Hurricanes Frances and other hurricanes earlier this month. Like Hurricane Frances, Hurricane Jeanne closed several south and central Florida ports, forcing Carnival to shorten the itineraries for six of its brands’ cruises – four for Carnival Cruise Lines and one each for Holland America Line and Princess Cruises. Guests on abbreviated cruises had the option of sailing and receiving partial refunds and shipboard credits, or canceling and receiving full refunds or future cruise credits. Carnival’s P&O Cruises Australia unit is also reviewing the impact of the closure of the Freeport, Bahamas, dry-dock facility where one of its ships was undergoing an extensive refurbishment. The aforementioned $0.02 per share impact includes the expected cancellation of two more P&O Cruises Australia voyages in addition to the one previously cancelled as a result of Hurricane Frances. Carnival Corporation & plc also incurred incidental costs to transport passengers to alternate ports of embarkation/debarkation. “In terms of weather, the past few weeks have been the most challenging in our company’s history, with four different hurricanes hitting Florida and two of those causing major disruptions to our operations,” said Howard Frank, vice chairman and chief operating officer for Carnival Corporation & plc. “We would like to thank our guests for their patience, cooperation and understanding during this period and commend our employees, both shipboard and shoreside, who continue to deliver quality vacations to our guests despite very challenging circumstances,” he added.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

HAL & Kelly Clark in ‘Attorneys Who Matter’ List Again

The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, recognized Holland America Line and Seabourn’s

Latest Ocean-Going Shipbuilding Orders

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry

MARAD Evaluates Natural Gas v. Conventional Fuel Emissions

The Maritime Administration (MARAD) informs it has released a study that evaluates total fuel cycle emissions for natural gas versus conventional marine fuels.

Cruise Ship Trends

WR Nominated for International Seatrade Insider Cruise Award

WR Systems has been shortlisted for the Environmental Initiative Award. Judged by an independent panel of experienced cruise industry specialists, the Seatrade

HAL & Kelly Clark in ‘Attorneys Who Matter’ List Again

The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, recognized Holland America Line and Seabourn’s

Piraeus Port Posts Flat Profit, Sales Dip

Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port,

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage 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: 0.1328 sec (8 req/sec)