Carnival Plc News

Carnival Corp said on Monday it would sell shares worth $500 million, as the cruise operator restarts its operations after a long break due to the COVID-19 pandemic.Money raised will be used to purchase ordinary shares of Carnival Plc, trading in the United Kingdom, and for general corporate purposes, the company said.The cruise operator has raised over $2.5 billion by selling its shares over the past year as travel restrictions due to the pandemic brought its business to a standstill.With…

The P&O Cruises Grand-class cruise ship Ventura has completed a two-week docking at Damen Shiprepair Brest. Launched in 2008, this was the first visit of the 290-metre, 116,000 DWT vessel to the yard, where she underwent a regular docking together with a range of maintenance works. Major features of the maintenance program included the installation of two exhaust gas scrubbers, for which Damen Shiprepair Brest (DSBr) designed, manufactured and installed a seachest. While the Ventura was in DSBr’s Drydock number 3, at 420m by 80m the largest of DSBr’s three dry docks, the hull was ultra-high-pressure water blasted and then, along with the superstructure, repainted. Additional works included maintenance of the propulsion systems and stabilizers, plus other minor repairs.

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour. A fuel sample taken by the ship’s crew and provided to EPA officers while the ship was berthed at the White Bay Cruise Terminal on February 26, 2016 had a sulfur level of 0.293 percent, nearly three times the 0.1 percent sulfur limit. The fine is the first to be issued under the new regulations which came into force from October 1, 2015.

Carnival Corporation & plc announced today that its Arison Maritime Center in the Netherlands will honor the legacy of the Arison family who founded and grew the company into the world’s largest cruise line operation. The company also announced that construction is now well underway for what will be a state-of-the-art campus located in Almere, just outside Amsterdam. A grand opening celebration at the center is scheduled for July 14, 2016. The centerpiece of the new seven-acre campus is the CSMART Academy…

Carnival Corporation to sell existing shares over time in the London stock market. Carnival Corporation and Carnival Investments Limited, a wholly owned subsidiary of Carnival Corporation, intend to sell existing Carnival plc ordinary shares that they hold in the UK market. Depending on market conditions, Carnival Corporation and Carnival Investments Limited over time will sell up to 32,000,000 ordinary shares of Carnival plc in this program. Under the terms of the articles of association of Carnival plc the ordinary shares sold by Carnival Corporation and Carnival Investments Limited will, once held outside of the Carnival Corporation group, become re-enfranchised for voting purposes.

New York law firm Ronai & Ronai file a compensation claim on behalf of a victim of the 'Costa Concordia' shipwreck. The federal lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of the family of Hungarian violinist Sandor Feher, seeking $400 million in damages for gross negligence against the cruise ship companies, Carnival PLC, Carnival Corporation and Costa Crociere, S.P.A. Sandor Feher, was a promising musician who died while trying to help evacuate other passengers after the occurrence. In the lawsuit, Ronai & Ronai, LLP,  also ask for punitive damages against the cruise companies…

The public apology of Captain Schettino while indicating that he is taking a sliver of  responsibility for the tragedy, fails to demonstrate any genuine remorse for what occurred. Indeed, he admitted to being distracted by his cellular phone, but his apology fails to address the fact that the maneuvering of the boat so close to shore was a premeditated act, which had been done on previous occasions and with apparent permission or on direction of the company he worked for. Holly Ostrov Ronai, Esq. stated that "Captain Schettino's apology is just a start. Ronai & Ronai, LLP, recently filed suit in the United States on behalf of the Hungarian Concordia victims, asking for damages of 200 million dollars. Peter Ronai, Esq.

At the annual shareholders meeting of Carnival Corporation & plc  held in Miami Beach, Fla., shareholders elected a new member to the company's board of directors – Debra Kelly-Ennis, president and chief executive officer of Diageo Canada, Inc. Kelly-Ennis will serve in a non-executive capacity on Carnival Corporation & plc's 14-member board, effective immediately. Carnival Corporation & plc's board of directors also approved a quarterly dividend to holders of Carnival Corporation common stock and Carnival plc ordinary shares of $0.25 per share.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced an increase in its regular quarterly dividend to $0.25 per share from $0.10 per share. "Considering the current economic climate, our ability to more than double our dividend just a year after its reinstatement is a remarkable testament to the resilience of our global cruise brands and our confidence in the future of our business," said Micky Arison, Carnival Corporation & plc chairman and CEO. "Given our projected increase in cash from operations, expected to exceed $4 billion in 2011, combined with lower capital investment commitments due to the slower pace of our newbuild program, the company will begin generating significant free cash flow in 2011 and beyond," he added.

Carnival Corporation & plc reported net income of $734.3 million ($0.90 Diluted EPS) on revenues of $2.52 billion for its third quarter ended August 31, 2003, compared to net income of $500.8 million ($0.85 Diluted EPS) on revenues of $1.44 billion for the same quarter in 2002. Net income for the nine months ended August 31, 2003 was $988.9 million ($1.42 Diluted EPS) on revenues of $4.90 billion, compared to net income of $824.6 million ($1.40 Diluted EPS) on revenues of $3.34 billion for the same period in 2002. Earnings per share for the third quarter and nine months of 2003 were reduced by $0.02 and $0.01, respectively, due to the dilutive impact of the company’s zero-coupon convertible notes, which became convertible for the first time at the end of the third quarter of 2003.

Carnival Corporation & plc reported net income of $127.8 million ($0.19 Diluted EPS) on revenues of $1.33 billion for its second quarter ended May 31, 2003, compared to net income of $194.2 million ($0.33 Diluted EPS) on revenues of $989.9 million for the same quarter in 2002. Earnings per share for the second quarter of 2003 were reduced by $0.02 per share due to litigation and other charges associated with the dual listed company ("DLC") transaction with P&O Princess Cruises plc ("P&O Princess"). In addition, because of the seasonality of P&O Princess' business, the consolidation of P&O Princess' results reduced the company's second quarter 2003 earnings per share by $0.01 per share.

Carnival Corporation & plc announced that it has declared a quarterly dividend of $0.25 cents per share -- an increase of 25 percent. The dividend is payable on December 9, 2005, to shareholders of record on November 18, 2005. With today’s announcement – combined with previously announced dividend increases in April 2005 and October 2004 – Carnival’s quarterly dividend has doubled in just over 12 months. In April 2005, Carnival’s quarterly dividend increased 33 percent from $0.15 cents per share to $0.20 cents per share; in October 2004 the company increased its dividend 20 percent to $0.15 per share from $0.125 per share. Holders of Carnival Corporation common stock or Carnival plc ADSs will receive the dividend payable in U.S. dollars.