By Christopher Yasiejko (Bloomberg) --Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles federal judge is followed by others, it could offer the cruise line something of a safe harbor under the Death on the High Seas Act. The … [Read more...]
Carnival Quarterly Loss Nears $3 billion
Sept 15 (Reuters) - Carnival Corp said on Tuesday it expects to post a loss of $2.9 billion in the third quarter, hurt by the suspension of cruises due to the COVID-19 pandemic that has brought the industry to a grinding halt. Carnival also said it was planning to raise another $1 billion through a stock offering, adding to the billions of dollars it has already raised in … [Read more...]
Carnival’s Costa Cruises to Set Sail This Weekend
Sept 3 (Reuters) - Carnival Corp's shares surged 11% on Thursday after its Italian brand Costa Cruises said two of its ships would resume sailing this weekend, with more to follow. Cruise companies, among the worst hit by the COVID-19 pandemic, were forced to halt voyages for months after ships in Japan, Australia and California made headlines because of large numbers of … [Read more...]
COVID-19: Cruise Ship Linked To Australia’s ‘Worst Outbreak’
by Colin Packham (Reuters) - The leader of Australia’s New South Wales state apologized on Monday for failing to stop people carrying the coronavirus from disembarking from the Carnival Corporation owned ship, Ruby Princess, in Sydney in March, triggering what was at the time Australia’s worst outbreak. The apology from NSW Premier Gladys Berejiklian for her government’s … [Read more...]
Carnival Announces Sale of Four Holland America Cruise Ships
Carnival Corporation has announced the sale of four Holland America Line cruise ships to undisclosed buyers as the world's leading cruise company sheds older tonnage amid the coronavirus pandemic. The ships - Amsterdam, Maasdam, Rotterdam and Veendam - have been sold in pairs, with the S-Class Maasdam and Veendam transferring to one company in August 2020, while the R-Class … [Read more...]