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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

San Jacinto College Breaks Ground on New Training Center

San Jacinto College has broken ground along the Port of Houston for its new 45,000-square-foot Maritime Training Center.   At the site of 3700 Old Highway 146 in La Porte,

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Cruise Ship Trends

Duffy Named President of Carnival Cruise

Carnival Corporation & plc., the world’s largest travel and leisure company, today announced that Christine Duffy has been named president of Carnival Cruise Line,

Fincantieri Wins Carnival Cruise Ship Order

Fincantieri SpA has been awarded an order by Carnival Corporation & plc for the construction of two new cruise ships for Carnival Cruise Line and Holland America Line.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction
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: 0.4365 sec (2 req/sec)