Cruise Companies Slump On EPA Report

Wednesday, March 01, 2000
Cruise shipping lines, which were already weathering a slump to start 2000, were smacked with more bad news on Wednesday when it was revealed that six cruise ship companies -- Holland America Line, Princess Cruises, Celebrity Cruises, Norwegian Cruise Lines, Carnival Cruise Lines - were cited for emitting illegal amounts of smoke in scenic areas of Alaska, the U.S. Environmental Protection Agency said. Princess Cruises reportedly plans to review the allegations and to request a conference with EPA on the issue. Shares in Carnival, the world's largest cruise shipping company, were down $1 per share, or nearly 3.5% in trading at mid-day. Carnival shares have been hard hit for the last two months, as the company has watched its per share valuation cut nearly in half. Meanwhile, Royal Caribbean was being slammed even harder, with its shares down more than $5 per (about 15%), at trading mid-day on Wednesday.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Greek Coast Guard Seizes Weapons Ship Bound for Libya

Greek authorities have seized a freighter carrying an undeclared shipment of weapons en route from Turkey to Libya, coast guard officials said on Wednesday. A

Cosco CSCL Merger Talks Continue

The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media.   According to JoC, the Chinese

SHIPPINGInsight to Focus on Ship Telematics

The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.7000 sec (1 req/sec)