Cruise Ship Seabourn Ovation Delivered
Seabourn Ovation, the second ultra-luxury cruise ship constructed by Italian shipbuilder Fincantieri for Carnival Corporation’s Seabourn Cruise Line, was delivered today at the builder’s shipyard in Sestri, Genoa.Seabourn Ovation, as its sister ship Seabourn Encore delivered from Fincantieri’s shipyard in Marghera, Venice at the end of 2016, was built according to the standards and cutting-edge technical solutions that make Seabourn one of the most prestigious brands in the ultra-luxury segment…
Princess Cruises Takes Ship Delivery from Fincantieri
Majestic Princess, the third Royal Princess class cruise ship built by Fincantieri for ship owner Princess Cruises, was delivered at the Monfalcone shipyard in Italy. Princess Cruises, a Carnival Group brand, will deploy the new vessel on the Chinese market. The 145,000-gross-ton Majestic Princess is said to be the largest ship ever built in Italy, able to accommodate 4,250 passengers in 1,780 cabins and 1,350 crew members. The vessel flies the Bermuda flag and is the first ship which Fincantieri has specifically designed and built for the Chinese market…
Fincantieri makes First Delivery to Seabourn Cruise
The handover ceremony of “Seabourn Encore”, the first of two ultra-luxury cruise ships ordered to Fincantieri by the ship owner Seabourn Cruise Line, brand of Carnival Corporation, the world’s largest cruise company, took place today at the Marghera shipyard (Venice). The ceremony was attended for the ship owner, among others, by Micky Arison, Chairman of Carnival Corporation, Richard D. Meadows, President of Seabourn Cruise Line and Arnold Donald, CEO of Carnival Corporation, while Fincantieri was represented by the Chairman, Giampiero Massolo and the CEO, Giuseppe Bono.
Carnival Corp Reports Strongest Earnings
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…
Carnival Opens High-tech Training Center
Carnival Corporation & plc today announced the official opening of its Arison Maritime Center, a world-class facility dedicated to providing safety training for its bridge and engineering officers responsible for the navigation and operation of the company’s fleet of cruise ships. Located in Almere, Netherlands just outside Amsterdam, the new 75-million-euro facility features some of industry’s most advanced simulators and training equipment to provide annual training to more than 6,500 bridge and engineering officers from Carnival’s 10 global cruise line brands.
Carnival to Open State-of-the-art Training Center
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…
Fincantieri Bags 5 Cruise Ships Order from Carnival
Following on a March 2015 agreement and a memorandum of agreement last December, Fincantieri, a leader in cruise ship design and construction, and Carnival Corporation & plc, the world’s largest cruise company, have finalized contracts for the construction of five next-generation passenger ships. The contracts finalized today envisage one further unit compared to the memorandum of agreement of December and mark the most important goal reached by the two groups in the last years, having a total value which exceeds 3 billion euros.
Zarmati joins Fathom
Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that combines travelers’ love of travel with their desire to make a difference, will tap Zarmati’s extensive knowledge of the cruise industry to augment its already robust tools designed to support travel professionals in marketing this one-of-a-kind travel experience. “Maurice has been a trusted advisor to Carnival Corporation and me for more than four decades…
Carnival Orders New Cruise Ships to Stuff Approx 7,000
Carnival Corporation has signed a multi-billion dollar contract to build four next-generation cruise ships with the largest guest capacity in the world. The four new ships will be the cruise industry's largest yet—but only in head count, not in size. The new vessels are capable of accommodating 6,600 passengers alongside hundreds of crew members. The large-capacity cruise ships will set sail between 2019 and 2022. The 180,000 gross ton cruise ships will also feature a revolutionary "green cruising" design.
Carnival Orders Two Ships from Meyer Turku
Carnival Corporation & plc, Meyer Werft and Meyer Turku today announced a multi-billion Euro contract for four 180,000 gross ton large next-generation cruise ships. The ships will feature a revolutionary “green cruising” design and will be the first-ever cruise ships powered at sea by Liquefied Natural Gas (LNG). Two of the ships will be built for AIDA Cruises at Meyer Werft in Papenburg, Germany and two further ships will be built at Meyer Turku, Finland. With these orders, Meyer…
Carnival to Pilot Wärtsilä Optimization Systems
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.
Big Hearted Responses to Philippine Typhoon Disaster
USS Antietam arrives on scene heralding the arrival of the 'George Washington' carrier strike force wth its immense capabilities, cruise ship operators Carnival Corp. pledge a million US$ and KVH grants free phone calls. Capt. Tom Disy, commanding officer of the Ticonderoga-class guided-missile cruiser USS Antietam (CG 54), speaks to local media about Antietam and the George Washington Carrier Strike Group's plans to provide humanitarian relief to the Republic of Philippines in response to Super Typhoon Haiyan/Yolanda.
Carnival Corporation Makes Top Leadership Change
Carnival Corporation plan to split the roles of chairman and chief executive officer. Micky Arison will continue to serve as Chairman of the Board of the company and Arnold W. Donald, will assume the CEO role effective July 3. Arison became CEO in 1979. At that time the company was privately held and operated three cruise ships under one brand, generating $44 million in revenues and carrying approximately 160,000 passengers a year. By 1987, Carnival Cruise Lines had become the world's largest cruise operator and Arison took the company public.
Carnival Corp Report Profit Slide in Q2 2013
Non-GAAP net income of $72 million, or $0.09 diluted EPS for the second quarter of 2013 compared to non-GAAP net income for the second quarter of 2012 of $159 million, or $0.20 diluted EPS. On a constant dollar basis, net revenue yields (net revenue per available lower berth day or "ALBD") decreased 1.9 percent for 2Q 2013. Gross revenue yields decreased 3.1 percent in current dollars. Net cruise costs excluding fuel per ALBD increased 8.8 percent in constant dollars, primarily due to the timing of dry-dock expenses, vessel repair costs and non-recurring items which benefitted the prior year. Gross cruise costs including fuel per ALBD in current dollars decreased 0.1 percent. Fuel prices decreased 9.7 percent to $683 per metric ton for 2Q 2013 from $756 per metric ton in 2Q 2012.
U.S. Senator Sends Safety Inquiries to Major Cruise Lines
The Senate Committee on Commerce, Science and Transportation said in a news release that Chairman Jay Rockefeller (D-W.Va) sent letters to the three largest cruise liners about their passenger safety, security, and health practices. Chairman Rockefeller’s letters to Carnival, Royal Caribbean, and Norwegian follow a series of oversight letters that he sent in February 2012. “The cruise industry enjoys many advantages operating out of the United States but the advantages to American consumers and taxpayers are less clear,” said Rockefeller.
Carnival Report Better Than Expected Financial Results
Carnival Corporation & plc reports fourth quarter and full year earnings 2012. Carnival Corporation & plc Chairman and CEO Micky Arison noted that fourth quarter earnings on a non-GAAP basis were better than anticipated in the company's September guidance. Stronger than expected revenue yields combined with lower than expected fuel costs more than offset higher than anticipated operating costs. Commenting on full year 2012, Arison stated, "As a result of the Costa Concordia tragedy in January, the past year has been the most challenging in our company's history. However, through the significant efforts of our brand management teams, we were able to maintain full year 2012 net revenue yields (excluding Costa) in line with the prior year.
Two Big Cruise Ship Orders for Fincantieri
Carnival Corporation & plc orders new ships, one each for Its Holland America Line and Carnival Cruise Lines brands. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery in fall 2015 and a 4,000-passenger ship for Carnival Cruise Lines scheduled for delivery in winter 2016. The total cost for the two vessels combined, which includes the U.S. dollar denominated contract price and all owner's costs, will be approximately $195,000 per lower berth. The memorandum of agreement is subject to customary closing conditions, including execution of shipbuilding contracts and financing.
Seabourn Name Official Ship's Timekeeper
Swiss watchmaker Hublot has been appointed as official timekeeper aboard Seabourn cruise ships. Seabourn guests on board the line's six cruise ships will now be kept abreast of the current ship's time by means of Hublot wall clocks. Seabourn Quest Captain Geir-Arne Thue Nilsen welcomed Carnival Corporation and plc Chairman and CEO Micky Arison and Hublot's Chairman of the Board Jean-Claude Biver aboard the line's newest ship during a port call at Cannes, France. Captain Thue Nilsen led a personal tour of the Seabourn Quest…
Wärtsilä Hamworthy Wins Contract
Wärtsilä Hamworthy has won a contract from Fincantieri Cantieri Navali Italiani S.p.A. to supply two Membrane BioReactors (MBRs) to the 141,000gt newbuilding under construction for Carnival group member P&O Cruises. Hamworthy has delivered more than 25 MBR advanced wastewater systems to the world’s largest cruise ship operator, Carnival. The company’s MBR system produces the highest quality discharge without requiring any addition or generation of chemicals that are hazardous to the environment or vessel operation. For this contract Wärtsilä Hamworthy will also be responsible for UV polishing.
Carnival Corp. Publishes Q2 2012 Financial Report
Carnival Corporation & plc announced non-GAAP net income of $159 million, or $0.20 diluted earnings per share for the second quarter of 2012. Reported U.S. GAAP net income, which includes unrealized losses on fuel derivatives of $145 million, was $14 million, or $0.02 diluted earnings per share. Net income for the second quarter of 2011 was $206 million, or $0.26 diluted EPS. Revenues for the second quarter of 2012 were $3.5 billion compared to $3.6 billion for the prior year. Carnival Corporation & plc Chairman and CEO Micky Arison noted that non-GAAP earnings were better than anticipated in the company's March guidance due primarily to a combination of higher than expected revenue yields and lower than expected costs, partly attributed to non-recurring items, in the second quarter.
Carnival CEO Issues Statement Regarding Costa Concordia
We are deeply saddened by the reports of additional deaths following the grounding of the Costa Concordia. On behalf of the entire Carnival Corporation & plc team, I offer our heartfelt condolences to all of those families affected by this tragedy. Our immediate priority continues to be supporting rescue and recovery efforts and looking after our guests and crew members, along with securing the vessel to ensure there is no environmental impact. My senior management team and I have been in continuous contact with the Costa executive team in Italy and we have our senior level technical experts on the ground to provide additional support for this tragic and highly unusual incident.
Carnival Reiterates Commitment to Victims
Costa Cruises and Carnival Corporation & plc Reiterate Commitment to Support Costa Concordia Passengers and Crew. Costa Cruise Lines and its parent company, Carnival Corporation & plc, today confirmed their commitment to provide full support to those passengers, crew and families of the victims of the Costa Concordia grounding. "I give my personal assurance that we will take care of each and every one of our guests, crew and their families affected by this tragic event. Our company was founded on this principle and it will remain our focus," said Micky Arison, chairman and CEO of Carnival Corporation & plc. In this spirit, Costa has been arranging lodging and transportation for affected passengers and crew members to return home.
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.