Dec 20 (Reuters) - Cruise operator Carnival Corp forecast 2020 profit largely above Wall Street expectations on Friday and posted better-than-expected fourth-quarter profit and revenue, helped by higher on-board spending. Shares of the Miami-based company, a bellwether for the cruise industry, rose about 5% in early trading. Carnival expects fiscal 2020 adjusted profit … [Read more...]
Carnival Joins Zero-Emission Coalition
The world’s largest cruise company, Carnival Corporation is joining a coalition of companies committed to accelerating the decarbonization of the international shipping industry. The Getting to Zero Coalition is an alliance of over 80 companies and organizations from across the maritime, energy, infrastructure and finance sectors who have committed to the development of … [Read more...]
LNG-Powered Costa Smeralda Delivered
Costa Cruises has taken delivery of the Costa Smeralda, the brand's first cruise ship powered by cleaner burning liquefied natural gas. Costa Cruises is the Italian cruise brand of Carnival Corporation, the world's largest cruise company. The handover ceremony took place at the Meyer Werft shipyard in Turku, Finland, where the ship was built. With the delivery, … [Read more...]
Carnival Cuts 2019 Profit on Cuba Travel Ban, Weak Europe Demand
June 20 (Reuters) - Carnival Corp cut its profit forecast for the year on Thursday, anticipating a hit from the Trump administration's sudden ban on cruises to Cuba and weakening demand in Europe over political uncertainty, sending its shares down over 7%. The company's profit warning also dragged down Carnival's rivals, Norwegian Cruise Line Holdings Ltd and Royal Caribbean … [Read more...]
Carnival to Pay $20 Million Fine After Admitting to Probation Violations in U.S.
Prince Cruise Lines and its parent company Carnival Cruise Lines have been ordered to pay a $20 million criminal fine after admitting to violating the terms of its probation stemming from a previous conviction in which Princess was sentenced to pay a $40 million fine. Princess Cruise Line was convicted and sentenced in April 2017 after pleading guilty to … [Read more...]