Carnival Corp News

20 May 2020

Royal Caribbean, Norwegian Extend Cruise Suspensions

(Photo: Royal Caribbean)

Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings Ltd on Wednesday extended the suspension of voyages by another month until July 31 amid sailing curbs imposed to check the spread of the coronavirus.The cruise industry has faced the brunt of the health crisis as major outbreaks in ships were blamed for spreading the disease, resulting in government-mandated “no-sail” orders and trip cancellations.Royal Caribbean, which warned of a second-quarter loss in the face of a mounting debt…

20 May 2020

Royal Caribbean Warns of Second-quarter Loss

(File photo: Royal Caribbean Cruises)

Royal Caribbean Cruises Ltd forecast a loss in the second quarter on Wednesday as the cruise operator struggles with mounting debt amid trip cancellations due to travel curbs imposed to check the spread of the coronavirus.The company, which posted a bigger-than-expected loss in the first quarter, has faced the brunt of the COVID-19 pandemic as major outbreaks in cruises were blamed for spreading the disease.In the past few months, Royal Caribbean has borrowed more than $5 billion, some by pledging its ships, and now expects to pay between $590 million and $610 million in interests for the rest

11 May 2020

Manila Cruise Flotilla Offers Crew Confinement in Comfort

© Marko Thieme / MarineTraffic.com

In the past few weeks, Manila Bay in the Philippines has been transformed into the world’s biggest parking lot for cruise ships, none of which have any guests.More than 20 vessels collectively weighing about 2 million tonnes are clustered off the coast of the capital, awaiting coronavirus clearance for more than 5,300 Philippine staff to return home from abandoned cruises, with no guarantee of a job at sea again.More ships are set to join the flotilla, says the coast guard, which has been shuttling between ships to administer 4…

07 May 2020

Norwegian Has Enough Cash to Stay Afloat for 18 Months

(File photo: Norwegian Cruise Line)

Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to bankroll the company for “at least 18 months” without any new revenue due to the coronavirus pandemic that has halted voyages, Chief Executive Frank Del Rio said on Thursday.“That’s enough to cover our cash burn under a zero-revenue environment for at least 18 months, not 12, 18 months,” Del Rio told Reuters in a phone interview.Norwegian’s shares, which have lost almost 80% of their market value this year…

07 May 2020

Princess and Other Cruise Lines Extend Service Suspensions

© Studio Porto Sabbia / Adobe Stock

Carnival Corp’s Princess Cruises said on Wednesday its voyages would remain suspended through the end of summer as reduced flights and travel bans around the globe bring the industry to a virtual standstill.Holland America Line, Carnival’s another unit, said it has canceled all cruises for Alaska, Europe and Canada and New England for the year, as well as its Amsterdam vessel that was scheduled to depart in October to Fort Lauderdale, Florida from Boston.“As we continue to navigate through these unprecedented and challenging times…

07 May 2020

Signs Led to Japan's Second Coronavirus Cruise Ship Hot Spot

File photo: Costa Atlantica (Photo: Carnival Corp)

Seven days before Japan quarantined a cruise ship near Tokyo early this year, in what became one of the first coronavirus hot spots outside China, another cruise ship docked in southern Japan.For the next five weeks, as the virus took hold in Japan and the Diamond Princess in Yokohama port grabbed global attention, the Japanese authorities issued no warnings to the Costa Atlantica 1,200 km (750 miles) to the southwest.Passengers from the Yokohama ship were dying while people from the other vessel freely got on and off…

07 May 2020

Ruby Princess Reaches the Philippines

© John Bell / MarineTraffic.com

A cruise ship at the heart of Australia’s biggest coronavirus cluster arrived off the Philippines on Thursday to repatriate more than 200 crew, leaving behind weeks of outrage and acrimony over why symptomatic passengers were allowed to disembark.Just under a quarter of Australia’s 97 coronavirus deaths can be traced back to Carnival Corp’s Ruby Princess, which has been a flashpoint for anger in Australia and the focus of a criminal investigation after a spike in cases followed its March 19 arrival in Sydney.The 114…

05 May 2020

Norwegian Cruise Line Flags Doubts About Its Ability to Stay Afloat

(Photo: Norwegian Cruise Line)

Norwegian Cruise Line Holdings Ltd, the world’s third-largest cruise operator, raised doubts about its ability to continue operating on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.The company’s shares closed down more than 20% as it launched a $1.6 billion offering of shares and bonds in a scramble to raise money, and announced a $400 million investment in a subsidiary from private equity firm L Catterton.“This is an industry that we’ve been pursuing for a long period of time…

04 May 2020

Carnival Plans to Resume Some Voyages in August

Carnival Magic is one of the ships scheduled to restart sailings from Miami in August (File photo: Carnival Cruise Line)

Carnival Corp announced Monday it plans to resume certain North American voyages in August as it tries to rebound from the coronavirus pandemic, which has idled its ships since March.The company said its Carnival Cruise Line brand intends to restart cruises on eight ships from Miami (Carnival Horizon, Carnival Magic and Carnival Sensation), Port Canaveral (Carnival Breeze and Carnival Elation) and Galveston (Carnival Dream, Carnival Freedom and Carnival Vista) on August 1, while…

27 Apr 2020

Norwegian Cruise Withdraws Forecast, to Cut $515 Mln in Spending

© Danny Lehman / Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd on Monday withdrew its 2020 forecast and said it would cut spending by about $515 million, as it extends the suspension of its ships to June 30 amid the coronavirus pandemic.The outbreak has effectively shut down the entire cruise ship industry, and with most international travel halted, cruise companies are now hemorrhaging cash and scrambling for new funds to ride out the slowdown that could last longer than expected.Shares of Norwegian and…

24 Apr 2020

Coronavirus-hit Ruby Princess Departs Australia

© John Bell / MarineTraffic.com

A cruise ship linked to a third of Australia’s coronavirus deaths has left the country after a month docked in local waters, the authorities said on Friday, as an emergency cabinet meeting was expected to ease some social distancing measures.The Ruby Princess, owned by Carnival Corp, has become a flashpoint of public anger after being allowed to unload thousands of passengers in Sydney without health checks on March 19.Hundreds of its passengers later tested positive to COVID-19…

22 Apr 2020

Ruby Princess Crew Begins Debarking in Australia

(File photo: Princess Cruises)

The first group of Ruby Princess crew members has debarked the coronavirus-hit cruise ship in Sydney, Australia and began the process of repatriation to their home countries Tuesday, authorities said.At least 49 crew members from six countries disembarked the Carnival Corp owned cruise ship on Tuesday, and a further 115 crew members from nine countries disembarked on Wednesday.So far, 22 of the disembarked crew members have tested positive for COVID-19 and have been transported…

20 Apr 2020

Carnival CEO Defends Company's Safety Record

Arnold Donald (Photo: Carnival)

Carnival Corp Chief Executive Officer Arnold Donald defended the company’s safety record on Thursday, telling reporters in a media call that Carnival followed protocols from international authorities while handling high-profile coronavirus outbreaks aboard two of its ships.On Feb. 3 the company’s Diamond Princess cruise ship was quarantined in the port of Yokohama, Japan, where 712 passengers were ultimately infected in what was then the biggest concentration of confirmed cases outside China.

20 Apr 2020

Norwegian Cruise Taps Goldman Sachs to Explore Stake Sale

(Photo: Norwegian Cruise Line)

Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, people familiar with the matter said on Friday.Norwegian’s attempt to bolster is finances comes as cruise operators have been forced to suspend their operations due to the novel coronavirus outbreak. They have been left out of a $2.3 trillion stimulus package that U.S. lawmakers have adopted to support the economy…

13 Apr 2020

US CDC Extends 'No Sail Order' for All Cruise Ships

© jovannig / Adobe Stock

The U.S. Centers for Disease Control and Prevention extended its “no sail order” for all cruise ships, as it looks to prevent the spread of the novel coronavirus pandemic.The new CDC order says that cruise ships have to cease operations for up to 100 days, or the expiration of the Secretary of Health and Human Services' declaration that COVID-19 constitutes a public health emergency, or if the CDC Director rescinds or modifies the order.The order, dated April 9, comes as the cruise industry takes a hit from the novel coronavirus outbreak…

09 Apr 2020

Australian Police Take 'Black Box' off Cruise Ship in COVID-19 Homicide Probe

Ruby Princess (File photo: Princess Cruises)

Australian police said on Thursday they have taken the “black box” of a cruise ship which disembarked hundreds of passengers infected with the coronavirus in Sydney, as part of a homicide investigation into the country’s deadliest infection source.The investigation got underway as the Australian authorities said the rate of new coronavirus infections hit its lowest number in three weeks and began arranging more flights to bring home citizens stranded abroad.The Ruby Princess cruise ship, owned by Carnival Corp, has become a flashpoint of public anger in Australia after authorities granted the

06 Apr 2020

Coronavirus-hit Carnival Cruise Ship Docks in Australia

© NAN / Adobe Stock

Carnival Corp’s troubled Ruby Princess cruise liner, the biggest single source of coronavirus infections in Australia, docked south of Sydney on Monday to get help for sick crew members requiring urgent medical treatment.The Ruby Princess, now the target of a criminal investigation led by the homicide squad in the state of New South Wales (NSW), has more than 1,000 crew still on board, after passengers disembarked in mid-March without health checks.There have been at least 360 COVID-19 cases…

02 Apr 2020

Carnival Pays High Price to Get Credit Investors on Board

© NAN / Adobe Stock

Carnival Corp, the world’s largest cruise operator, said it has raised $6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.Despite having its cruise ships idled to comply with coronavirus travel restrictions, the company was able to attract enough investors that its capital raising was oversubscribed several times over, albeit at a steep price, sources told Reuters.Carnival priced $4 billion in bonds maturing in 2023 - upsized from the $3 billion originally planned - with a yield at par value of 11.5%…

01 Apr 2020

Australia Cruise Ship Evictions Tread Diplomacy Tightrope

© Tamme Wichmann / Adobe Stock

Australia is pushing foreign-flagged cruise ships to leave its territorial waters amid the coronavirus pandemic, walking a diplomatic tightrope as it also tries to bring home citizens trapped on ships abroad.Western Australia state Premier Mark McGowan on Wednesday called on the federal government to kick out the German-owned MV Artania after the crew was reported to have asked the Australian Border Force (ABF) for permission to stay until April 14.“If what’s required is to clean the ship as a condition of getting it underway, well then do that ...

01 Apr 2020

Trump Urges Florida to Welcome Coronavirus-hit Cruise Ship

Zaandam (Photo: Holland America Line)

U.S. President Donald Trump on Tuesday urged Florida officials to open an Atlantic Coast port to a Dutch cruise ship stuck at sea with a deadly coronavirus outbreak onboard, urging the governor to drop his opposition.Weighing in on the fate of Holland America Line’s MS Zaandam during a White House briefing, Trump said he would call Florida Governor Ron DeSantis, who has declared the vessel unwelcome to prevent its sick passengers from being “dumped” on his state.“They’re dying on the ship…

31 Mar 2020

Carnival Brands Pause Cruises for Another Month

© Lauren / Adobe Stock

Four of Carnival Corp’s cruise lines said on Monday they would extend the suspension of all voyages by a month to May due to the coronavirus crisis that has worsened over the past few weeks.The brands - Holland America Line, Carnival and luxury cruise ship operators Seabourn and Cunard - together operate 49 ships.Carnival Corp, also the operator of two coronavirus-stricken Princess cruises, has already temporarily suspended several of its ships due to concerns over the rapidly spreading COVID-19 crisis earlier this month.“The impact of COVID-19 is affecting personal routines and businesses as

30 Mar 2020

Cunard Extends Suspension of Cruises to May 15

(File photo: Cunard)

Carnival Corp’s luxury cruise ships operator Cunard said on Monday it would extend the suspension of all voyages by a month to May 15 due to the coronavirus pandemic.Carnival, also the operator of two coronavirus-stricken Princess cruises, has already temporarily suspended several of its ships due to concerns over the rapidly spreading COVID-19 crisis earlier this month.“The impact of COVID-19 is affecting personal routines and businesses as well as placing significant travel restrictions around the world,” said Simon Palethorpe, president, Cunard.Cunard, which extended the suspension from Apr

29 Mar 2020

Coronavirus-hit Ship Approved to Pass Through Panama Canal

The Panama Canal facilitated this Sunday the transit of Holland America's MS Zaandam and MS Rotterdam cruise ships (Photo: Panama Canal Authority)

A cruise ship stuck off Panama’s Pacific coast after four passengers died and more than 130 others developed influenza-like symptoms, including at least two with the coronavirus, will be allowed to proceed through the Panama Canal, the government said on Saturday.Holland America Line’s 238-meter (781-foot) MS Zaandam vessel can now continue its trip to Fort Lauderdale, Florida, but Panama’s government underscored that no passengers or crew members would be allowed to set foot…

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