Carnival Forecasts 4Q Loss Amid Lower Bookings

By Christopher Palmeri Sept. 24 (Bloomberg) -- Carnival Corp., the world’s largest cruise-ship operator, forecast fourth-quarter results that trailed analysts’ estimates amid a decline in advance bookings and higher fuel prices. The shares slumped. The company said it expects that excluding some items, its fourth-quarter results will range from a loss of 3 … [Read more...]

Carnival to Spend $180 Million on Exhaust Scrubbers for Fleet

By Mark Drajem Sept. 5 (Bloomberg) -- Carnival Corp., the world’s largest cruise operator, agreed to spend $180 million to cut sulfur emissions from 32 ships, bowing to demands by the Environmental Protection Agency to clean up pollution it causes near ports. Under the agreement with the EPA, announced today by Carnival and the agency, the company will to install … [Read more...]

Coast Guard Releases Final Report on 2010 Carnival Splendor Fire

The U.S. Coast Guard on Monday released the final report on the investigation into the 2010 fire onboard Carnival Cruise Lines' ship, Carnival Splendor. On November 8, 2010, an engine room fire knocked out power to the vessel while off the coast of Mexico with 3,299 passengers and 1,167 crew. The vessel was towed to the port of San Diego three days later and there were no … [Read more...]

Micky Arison to Step Down as Carnival CEO

By Chris Peters and Phil Wahba June 25 - Carnival Corp said on Tuesday its chief executive of 34 years, Micky Arison, would hand over the reins of the company he built into the world's largest cruise ship operator to a long-time board member but stay on as chairman. Arison, whose late father founded Carnival in 1974, is stepping down after a series of embarrassing mishaps … [Read more...]

Carnival Cruise Lines to Spend $300 Million on Fleet Upgrades

Carnival Cruise Lines plans to spend $300 million to improve emergency power and fire safety mechanisms across its entire fleet following a series of mishaps that have stained the largest brand of the world's largest cruise ship operator. The upgrades will be aimed at enhancing emergency power capabilities, introducing new fire safety technology, and improving the level of … [Read more...]