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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

Cruise Ship Trends

Can Bandwidth Supply Keep up with Maritime Demand?

In the next few years, demand for bandwidth on the high seas will grow, in no small part due to technology that is making operations more efficient and keeping crews and passengers healthy,

Summer Cruise to North Sea Oil Rigs Amazes Tourists

Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway,

China to Add 8 Cruises to Push Tourism in South China Sea

Three State-owned enterprises from the shipping, tourism and construction sectors will cooperate to equip up to eight cruise liners and offer diversified sightseeing

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Salvage Ship Electronics 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: 0.0900 sec (11 req/sec)