Carnival Corp News

26 Mar 2019

Can the Cruise Shipping Boom Continue?

MSC Cruises, the industry’s largest privately owned company, is in the midst of a $13 billion expansion which will bring its fleet, following the delivery of MSC Meraviglia in 2017, to 25 vessels by the mid 2020’s. Still on order are four Meraviglia class ships. Photo: MSC

As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly 2 million from the previous year. By year end 2019 CLIA members – a veritable ‘who’s who’ of the largest brands – will have 272 vessels…

01 Mar 2019

Fincantieri Delivers Costa Venezia

Image: Costa Group

Fincantieri's Monfalcone shipyard handed over Costa Venezia - built specially for Chinese guests - to Costa Cruises, the Italian brand of Carnival Corporation, the world's largest cruise company.The handover took place yesterday in the presence of Italy's Deputy Prime Minister and Interior Minister Matteo Salvini and Deputy Minister of Infrastructure and Transport Edoardo Rixi, as well as Carnival Corp. & plc and Costa Group officials.With a gross tonnage of 135,500 tonnes, the 323-meter-long Costa Venezia offers 2…

20 Dec 2018

Cruise Industry to Cut Carbon Emissions 40%

Image: CLIA

The Cruise Lines International Association (CLIA) announced an industry commitment to reduce the rate of the global fleet's carbon emissions 40% by 2030, from a 2008 baseline."We aspire to the International Maritime Organization’s vision of a carbon-free shipping industry by the end of the century," said Arnold Donald, global CLIA chairman and president and CEO, Carnival Corp. & plc. "Our commitment to a 40 percent reduction in the rate of emissions by 2030 is a strong first step…

18 Dec 2018

Top 10 Ships of 2018: #2 AIDAnova

AIDAnova. Image: ©AIDA Cruises

"Green Cruising” with AIDA Cruises: Biggest AIDA Cruise Ship operates environmentally337 meters long, 42 meters wide, 8.8 meters draft, 183,900 GT, four main engines transferring in total 62 MW on two PODs: These are the most important particulars of AIDAnova, the latest Meyer Werft-built cruise ship for AIDA Cruises.During the laying of the keel Carnival Corp. announced that it was going to build a total of seven new cruise ships which can “in port and at sea” operate with natural gas/methane.The seven new builds will be built at yards of the Meyer Group in Papenburg…

12 Dec 2018

Carnival's First LNG Powered Ship Delivered

AIDAnova (Photo courtesy of AIDA)

Carnival Corp on Wednesday launched its first liquefied natural gas (LNG)-powered ship in Germany as the world's largest cruise operator tries to cut its carbon footprint.Addition of LNG ships are part of Carnival's ongoing fleet enhancement strategy and 20 new vessels are scheduled for delivery between 2018 and 2025.The shipping industry have been forced to look for cleaner options such as LNG after the International Maritime Organization introduced tough new rules on use of marine fuel.Strategically important ports such as Gibraltar are already preparing to offer upgraded facilities to meet

06 Nov 2018

China Cruising: Carnival Corp Launches China JV

Photo courtesy of Carnival Corporation & plc

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.CSSC Carnival Cruise Shipping Limited announced an agreement to purchase two existing ships from Carnival Corporation’s Costa Group, the leading cruise operator in Europe and Asia.

20 Jul 2018

Carnival Corp Meets CO2 Reduction Goal

Photo: Carnival Corporation

Carnival Corporation, the world's largest leisure travel company, released its eighth annual sustainability report, announcing that in 2017 the company achieved its 25 percent carbon reduction goal three years ahead of schedule and is on track with its nine other 2020 sustainability goals.Looking to the future, the company continues to chart its sustainability journey, using the United Nation's 17 Sustainable Development Goals as a framework to identify new environmental management…

22 Mar 2018

Carnival's Profit Driven by Higher Ticket Prices, On-board Spending

Carnival Dream (Photo: Carnival Corp)

Carnival Corp, the world's largest cruise operator, reported better-than-expected first-quarter results as customers bought tickets at higher prices and spent more on board, prompting it to raise its full-year profit forecast. Shares of the company rose about 3 percent to $68.90 in early trading on Thursday. Net revenue yields, a keenly watched metric that measures spending per available berth, climbed 3.9 percent on a constant currency basis, well above the company's estimate of 1.5 to 2.5 percent.

27 Feb 2018

Carnival Corp. Aim: Best Wi-Fi at Sea

Carnival Corporation & plc will establish a new industry apex in connectivity capabilities today at sea when it attempts to make an unprecedented level of bandwidth available to guests on board Regal Princess from its Princess Cruises brand. Using its newly developed connectivity service, MedallionNet, and working with SES Networks, the world-leading provider of satellite-enabled connectivity solutions, Carnival Corporation and Princess Cruises will attempt to achieve bandwidth of 1.5 gigabits per second, the most ever delivered to a mobile platform. The record attempt will demonstrate that connectivity is no longer a limitation to cruise vacations. Guests using MedallionNet have access to the internet at speeds that eclipse typical land-based hotel connectivity performance levels.

19 Feb 2018

23 Thrown Off Carnival "Brawl" Ship

While the global cruise industry rides a historic high, several news reports and social media posts Down Under show a brawl on a Carnival Corp. cruise ship that resulted in the ejection of 23 people from the ship. According to a Reuters report, Carnival Corp. said on Monday it was investigating the response of its security personnel to a brawl that broke out on one of its South Pacific cruises that resulted in 23 passengers being removed. The 10-day cruise to the South Pacific returned to the Australian southern city of Melbourne on Saturday, a day after 23 people were removed in the New South Wales (NSW) town of Eden for what the company described as “disruptive and violent acts”.

24 Jan 2018

Royal Caribbean Hits Record High on Upbeat Results

(Photo: Royal Caribbean)

Royal Caribbean Cruises reported fourth-quarter results that beat Wall Street estimates, helped by higher on-board spending and lower cruise operating expenses in the crucial holiday season. Shares of the No.2 U.S. cruise operator rose as much as 5.92 percent to hit a record high of $134.75 on Wednesday. Shares of rivals Carnival Corp and Norwegian Cruise Line Holdings Ltd also rose after the company said it expects strong bookings in 2018. Royal Caribbean's onboard revenue, which makes up more than one-fourth of its total revenue, rose 5 percent to 584.1 million in the quarter.

31 Oct 2017

Voices: John Haeflinger, Carnival Corp.

John Haeflinger, VP of maritime policy and analysis, Carnival Corporation (Photo: Carnival Corp.)

While the cruise industry grows globally in earnest, this maritime niche is under the microscope like no other, operating high profile, high design billion dollar ships in and out of some of the most pristine places on the planet. Tasked to keep the company’s ships running efficiently and environmentally sound is John Haeflinger, VP of maritime policy and analysis, who directly oversees the sustainability team at Carnival Corp. Haeflinger shares with Maritime Reporter & Engineering News his insights on the tech and technique to keep today and tomorrow’s fleet running clean and efficient.

25 Aug 2017

Carnival Cruise Ships Blocked from Port by Hurricane Harvey

Carnival Corp said on Friday that three of its cruise ships are unable to return to the Port of Galveston, Texas, which is closed ahead of Hurricane Harvey. Two of the ships, the Carnival Freedom and the Carnival Valor, will head for New Orleans where they will pick up fresh supplies. Passengers will have the option of disembarking there, but Carnival advised them to not do so and said the ships will return to Galveston as soon as feasible. A third ship, the Carnival Breeze, will extend its stay in Cozumel, Mexico, and begin sailing back to Galveston this weekend, the company said. The next scheduled cruises on all three ships will be shortened and customers will receive refunds, the company said.

09 Mar 2017

Royal Caribbean cuts South Korean Ports from China Cruises

Royal Caribbean Cruises Ltd will remove visits to South Korean ports from its China cruises, the firm said in a statement, amid rising tension between the two countries over Seoul's deployment of a U.S. missile defence system. In a post on its Chinese website, the U.S. cruise operator, one of the world's biggest, said it had changed its China-based cruises to remove visits to popular South Korean resorts because of "recent developments regarding the situation in South Korea". The move makes Royal Caribbean one of the first major travel firms to publicly stop or restrict trips to South Korea after media reports last week that Beijing had given guidance to tour operators in China to stop selling trips to the country.

26 Jan 2017

Royal Caribbean Sets Sail for Strong 2017

Harmony of the Seas (Photo: Royal Caribbean International)

Royal Caribbean Cruises Ltd forecast higher-than-expected adjusted earnings for 2017, helped by a strong start to bookings for Caribbean cruises, putting the No. 2 U.S. cruise operator on track to beat its own forecast of doubling profit from 2014. The company's upbeat forecast sent its shares to more than a year high and also lifted rivals Carnival Corp and Norwegian Cruise Line Holdings Ltd. "While trends have been strong from our key sourcing regions, we are particularly encouraged by what we are seeing in North America…

28 Dec 2016

Search Called off for Cruise Passenger off New Jersey

Queen Mary 2 (File photo: Cunard)

The U.S. Coast Guard has called off a search for a woman who went missing from the Queen Mary 2 cruise ship off the coast of New Jersey over the Christmas holiday weekend, a spokesman said on Wednesday. The 74-year-old passenger was reported missing in the early hours of Friday about 100 nautical miles (185 km) southeast of Atlantic City, said Petty Officer David Micallef. It was not immediately clear how the woman disappeared from the Caribbean-bound ship, which is operated by Cunard Cruise Line, a unit of Carnival Corp.

01 Dec 2016

Carnival Princess to Pay Record $40 mln for Polluting the Seas

Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down more than 2 percent at $50.29 in midday trading on the New York Stock Exchange after the announcement. The Caribbean Princess had been making illegal discharges since 2005 using bypass equipment - including a so-called "magic pipe" - to circumvent pollution-prevention equipment that separates oil and monitors oil levels in the ship's water, the department said.

10 Oct 2016

Mitsubishi Plans to Shrink Ship Building Operations

Mitsubishi Air Lubrication System (MALS) Photo Mitsubishi Shipbuilding & Ocean Development

Japan's Mitsubishi Heavy Industries is planning to stop taking new orders for large passenger ships, downsizing its shipbuilding operations due to a slump in orders, the Nikkei newspaper reported on Sunday. The plans by Japan's fourth-largest shipbuilder come as new shipbuilding orders have declined 80 percent so far this year, the Nikkei said. Citing unidentified sources, it said the company was considering splitting off its planning and design division and sharing shipyards with other companies.

06 Oct 2016

Hurricane Matthew Strengthens as it Heads for US

Image: National Hurricane Center

Hurricane Matthew, the fiercest Caribbean storm in nearly a decade, strengthened as it barreled toward the southeastern United States on Thursday after killing at least 140 people, mostly in Haiti, on its deadly northward march. As Matthew blew through the northwestern Bahamas on Thursday en route to Florida's Atlantic coast, it became an "extremely dangerous" hurricane carrying winds of 140 miles per hour (220 kph), the U.S. National Hurricane Center said. That made it a Category 4 hurricane and it was likely to remain so as it approached the United States…

27 Sep 2016

Carnival Corp Reports Strongest Earnings

Seabourn Quest -- Antarctica Photo Carnival Corporation

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced U.S. GAAP net income of $1.4 billion, or $1.93 diluted EPS, for the third quarter of 2016 compared to U.S. GAAP net income for the third quarter of 2015 of $1.2 billion, or $1.56 diluted EPS. Third quarter 2016 adjusted net income of $1.4 billion, or $1.92 adjusted EPS, was higher than adjusted net income of $1.4 billion, or $1.75 adjusted EPS, for the third quarter of 2015. Adjusted net income excludes unrealized gains and losses on fuel derivatives and other net charges…

21 Jun 2016

Cruise Leaders to Meet in New Orleans

Dream-Dawn 2016 Photo Port of New Orleans

More than 150 leaders in the cruise industry from around the world will meet here this week, as the Port of New Orleans hosts the 2016 Platinum Associate Membership Advisory Council Conference of the Florida-Caribbean Cruise Association (FCCA). Local elected officials and tourism leaders will meet with cruise executives from FCCA’s 19 Member Lines, along with key cruise tourism stakeholders, to update them on New Orleans' tourism economy, infrastructure and attractions. Presenters include Gary LaGrange…

14 Apr 2016

LNG Producers Seek New Markets to Soak up Surplus

The world's top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import terminals and power plants to open new markets and keep from drowning in a fuel surplus expected to last into the next decade. Companies such as Royal Dutch Shell, Total and Malaysia's Petroliam Nasional Bhd are scrambling to create demand as cheap coal and cleaner wind and solar power threaten to curb growth in the 250 million-tonnes-a-year LNG market. LNG suppliers have been put in a tough spot as demand from the world's top importers of the past few decades, Japan and South Korea, has declined due to slowing economies, more efficient use of power, and switches to coal and renewables.

23 Mar 2016

Carnival: First US Cruise Ship to Cuba in 50 Years

MV Adonia Photo by Carnival Corp

The world's largest cruise line Carnival Corp. will be the first cruise company in more than five decades to sail a U.S. cruise ship to Cuba. Cuba has granted Carnival approval to travel there beginning May 1. Carnival, which is led by St. Louisan Arnold Donald, is cleared to operate the 704-passenger MV Adonia through its newest brand, Fathom. It is the first time in more than 50 years that a cruise ship has been approved to sail from the U.S. to Cuba. CEO Donald said, "Today, we made history. I want to thank the U.S.

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