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Tuesday, January 23, 2018

Carnival Corporation News

Four Carnival Brands to Debut New Ships in 2018

Nieuw Statendam, a new cruise ship under construction for Holland America Line brand at Fincantieri’s shipyard in Marghera, Venice. (Photo: Fincantieri)

Carnival Corporation & plc will roll out four new ships in 2018 across four of its 10 global brands, as the company will add 18 new cruise liners to its fleet between 2018 and 2022. The new vessels to set sail in 2018 will be for Carnival Cruise Line, Holland America Line, Seabourn and AIDA Cruises, and follow three new ships debuted by Carnival Corporation in 2017. “Our fleet enhancement program enables us to manage the overall fleet by aligning new ship deliveries with our strategy for measured capacity growth over time


Chance to Buy Carnival Shares at UK Bourse

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.

Carnival Pays Quarterly Dividend, Appoints New Director

Carnival Cruise Liner: Photo credit Wiki CCL 'Rapidfire'

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 Reports 3Q Earnings

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’s Fathom Approved for US-Cuba Sailings

MV Adonia (Photo: Fathom)

Carnival Corporation & plc has received Cuban approval to begin travel to Cuba starting on May 1, 2016. This, following U.S. authorization granted in July 2015, clears Carnival Corporation to operate the 704-passenger MV Adonia to Cuba through its newest brand Fathom, marking the first time in over 50 years a cruise ship is approved to sail from the United States to Cuba. Cuban authorities from Havanatur Celimar, various other agencies and Carnival Corporation today signed agreements enabling cruising by Carnival Corporation to Cuba.

Carnival Signs MOA for First New Cruise Ships Built in China

Photo: Carnival

Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the joint venture, financing and other key terms. As part of the new MOA, Carnival Corporation’s cruise joint venture in China agreed to order two new cruise ships to be built by a newly formed China-based shipbuilding joint venture between China’s largest shipbuilder


Market Growth to Bring More Carnival Ships to China

Rendering of Princess Cruises’ new China-based cruise ship, Majestic Princess. (Image: Princess Cruises)

The Chinese cruise market, expected to become the world’s largest based on surging demand for cruise vacations by Chinese travelers, will see the arrival of two additional cruise brands in 2017 as Carnival Corporation & plc further expand its operations in the nation. Carnival Cruise Line and AIDA Cruises will join Costa Cruises and Princess Cruises in the Chinese market, making Carnival Corporation the first company to operate four brands in China, the company said today in announcing its plans for further development in China.

Carnival Secures Fire Protection Maintenance Contract

HI-FOG sprinkler discharge

Marioff has signed a five-year frame agreement for maintenance services with Carnival Corporation & plc. The agreement covers servicing and maintaining HI-FOG water mist fire suppression systems already installed onboard 66 cruise vessels owned by Carnival Corporation and operating under Carnival Cruise Lines, Holland America Line N.V., Seabourn Cruise Line Ltd., Cunard Line, Carnival Australia, P&O Cruises, Princess Cruise Lines Ltd and AIDA Cruises brands. Marioff, a supplier of water mist fire protection technology and supplier of system solutions worldwide under the brand HI-FOG


Carnival Announces Audit Safety Procedures

Carnival Corporation & plc Announces Comprehensive Audit and Review of Safety and Emergency Response Across All Its Cruise Lines. Following the tragic Costa Concordia accident, Carnival Corporation & plc, parent company of Costa Cruises and nine other cruise lines around the world, announced a comprehensive audit and review of all safety and emergency response procedures across all of the company's cruise lines. Carnival Corporation & plc and the cruise industry as a whole have maintained an excellent safety record over the years. "However, this tragedy has called into question our company's safety and emergency response procedures and practices," said Micky Arison, chairman and CEO of Carnival Corporation & plc. The review is being led by Captain James Hunn, a retired U.S.

Carnival Sets Up Asia Unit, Appoints Head

Carnival Corporation appoints Costa Cruises Chairman Pier Luigi Foschi to oversee the company's growth strategies within the Asian region. In his role as chairman and chief executive officer of the new Carnival Asia unit, Foschi will be responsible for establishing Carnival Corporation & plc's new corporate offices in Singapore and providing guidance and assistance to the organization's various operating units in pursuing their Asian cruise strategies. Currently, Carnival Corporation & plc's Asia operations include two Costa Cruises ships based in China and Singapore and Princess Cruises' Sun Princess, which will launch a series of voyages from Japan next spring.

Windstar Executive Transfers To Carnival

Rick Meadows, 37, formerly vice president of sales and marketing for Windstar Cruises, a unit of Carnival Corporation (NYSE: CCL), has transferred to the parent company assuming the position of vice president of marketing. In this capacity, Meadows' responsibilities include evaluating potential e-marketing opportunities and further developing the World's Leading Cruise Lines, the marketing association for Carnival Corporation's six cruise brands. Meadows is expected to join Carnival Corporation early next month. "Rick has spent most of his professional life working at a Carnival- affiliated company so we are very pleased to have someone of his experience join our corporate marketing team," said Micky Arison, chairman and CEO for Carnival Corporation.

Carnival, China Merchants Sign MOU

MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand. Carnival Corporation & plc has  signed a memorandum of understanding (MOU) with China Merchants Group (CMG) to explore the possibility of two joint ventures designed to accelerate the development and growth of the overall cruise industry in China. Ship-Owning Joint Venture: Carnival Corporation and CMG will explore a joint venture that would own and operate its own cruise ships as part of the first-ever domestic Chinese cruise line specifically targeted to the Chinese market.

Carnival to Add Nine Ships to Cruise Fleet

Carnival Corporation & plc today signed two strategic memorandums of agreement that will add a total of nine new cruise ships to the company’s fleet over a four-year period from 2019-2022. The shipbuilding agreements, which include options for additional ship builds in the coming years, are subject to several conditions, including satisfactory financing. Italian shipbuilder Fincantieri S.p.A and German shipbuilder Meyer Werft will each build new ships based on Carnival Corporation’s next-generation ship designs


Carnival Corp. to Invest $400m in Scrubber Technology

Carnival Corporation CEO Arnold Donald

Carnival Corporation CEO Arnold Donald announced that Carnival will significantly extend its installation of exhaust gas cleaning technology, investing $400m in the coming three years to install the technology on 70 ships across its brand, a significant jump from the 32 announced last year. Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is the world’s largest cruise company, and Donald stressed that it is the company’s intention to use “communication, collaboration and cooperation” across its 10 brands to both build revenue generation opportunities


Carnival Corp. Appoints Chairman in China

Roger Chen (Photo: Carnival)

Carnival Corporation & plc today announced that Roger Chen has been appointed chairman in China, effective January 1, 2016. A native of China, Chen will be based in Shanghai and lead all government relations and port development, while also supporting the company’s joint ventures in China. In this new role, Chen will have responsibility for representing all of Carnival Corporation’s brands in China to continue growing the company’s presence and scale in the region. Chen will report directly to Alan Buckelew


Marioff Sign Long Term Carnival HI-FOG Contract

Sprinkler: Photo credit Marioff

Marioff has signed a five-year frame agreement for maintenance services with Carnival Corporation & plc. The agreement covers servicing and maintaining HI-FOG water mist fire suppression systems already installed onboard 66 cruise vessels owned by Carnival Corporation and operating under Carnival Cruise Lines, Holland America Line N.V., Seabourn Cruise Line Ltd., Cunard Line, Carnival Australia, P&O Cruises, Princess Cruise Lines Ltd and AIDA Cruises brands. Marioff say that the five-year agreement is amongst the most extensive agreements it has ever formed, in terms of scope and duration.

Carnival Plans to Save 1 Billion Gallons of Fuel

Photo: Carnival

Carnival Corporation & plc released the results of its multiyear Fleet Fuel Conservation Program that states by the end of 2014 the cruise company will have saved more than one billion gallons of fuel and reduced fleet carbon emissions by 12 billion kilograms over a seven year period. By the end of 2014, Carnival Corporation's Fleet Fuel Conservation Program will have improved the fleet's overall fuel efficiency by 24 percent compared to 2007, while saving approximately $2.5 billion in fuel costs, the company's single biggest expense.

Cuba Opens Up for Carnival Corp. Brand

MV Adonia (Photo: Carnival Corporation)

Carnival Corp. granted U.S. Carnival Corporation & plc said that the U.S. Department of the Treasury and the U.S. Department of Commerce granted approval for the company to begin travel to Cuba. Carnival Corporation intends to take travelers to Cuba beginning in May 2016 via its newly launched fathom brand – a new social impact travel brand providing purpose-oriented, social impact experiences, initially in the Dominican Republic. Carnival Corporation intends to operate fathom travel itineraries directly to Cuba for the purpose of providing cultural


Carnival Adds Fourth Ship in China

Sapphire Princess

Carnival Corporation adds new ships in China to further expand its market, growing its capacity in China by 140 percent from 2013 - 2015. Costa Serena – set to sail out of Shanghai in April 2015 – joins Costa Victoria, Costa Atlantica and Sapphire Princess to make Carnival Corporation the first global cruise company with four ships based in China. Carnival Corporation & plc announced Costa Serena will deploy year-round in China next year, making Carnival Corporation the first global cruise company with four ships based in China, the world’s fastest-growing cruise market.

Carnival to Pilot Wärtsilä Optimization Systems

Björn Rosengren, President and CEO of WÀrtsilÀ Corporation, with Micky Arison, Chairman of the Board of Carnival Corporation & plc (Photo: WÀrtsilÀ)

Björn Rosengren, President and CEO of Wärtsilä Corporation and Micky Arison, Chairman of the Board of Carnival Corporation & plc are pleased about deepening the cooperation to support sustainable and environmentally friendly cruises. Wärtsilä and Carnival Corporation & plc have partnered to optimize engine room operations aboard the company's fleet of 101 ships across its nine global brands. Wärtsilä said the partnership will see its solutions tested in pilot projects on several of Carnival Corporation's vessels.

Carnival Announces Four-Ship Deal Fincantieri

Carnival Corporation & plc announced it has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The agreement calls for the construction of four new vessels, one each for Holland America Line, Carnival Cruise Lines, Princess Cruises and Costa Crociere, along with options for two additional vessels, one each for Carnival Cruise Lines and Holland America Line. The four new ships will add a collective 11,756 lower berths to the cruise operator's fleet. Two of the orders have been placed in U.S. dollars and two others are in euros. According to Carnival Corporation & plc Chairman and CEO Micky Arison


Carrnival Continues Cruise Talks with Cuba

(Photo: Carnival Corporation)

Carnival Corporation & plc said it is continuing discussions with Cuba to allow cruise ships to operate in the same manner as current air charter operations, which transport Cuba-born individuals to and from Cuba. Fathom will begin sailing its 704-passenger Adonia luxury cruise ship to Cuba every other week starting on May 1, marking the first time in over 50 years that a cruise ship has sailed from the U.S. to Cuba. Carnival Corporation also announced that it is accepting bookings on its 10th and newest brand


Carnival Corp MOU with CSSC to Promote Cruise Industry

CSSC officials pictured during a tour of Sapphire Princess

Carnival Corporation & plc the world’s largest cruise company, today announced it has signed a memorandum of understanding (MOU) with the China State Shipbuilding Corporation (CSSC) to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry, expected to be one of the largest cruise markets in the world with 4.5 million passengers by 2020, according to the Chinese Ministry of Transport (MOT). Becoming official at a signing ceremony today at the Ninth China Cruise Shipping and International Cruise Expo in Tianjin


Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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