Carnival Corporation & plc

Last updated

Carnival Corporation & plc
Company type Dual-listed; Public (Panama corporation and UK public limited company)
ISIN
Industry Hospitality, Tourism
Predecessors Carnival Cruise Line [1] (an existing subsidiary; Carnival Corporation)
P&O Princess Cruises [2] (Carnival plc)
Founded1972;52 years ago (1972) [3] (as Carnival Cruise Line, now a subsidiary)
1993;31 years ago (1993) (as Carnival Corporation)
2003;21 years ago (2003) [2] (as Carnival Corporation & plc)
Founder
Headquarters Miami, Florida, U.S. (Operations: Doral, Florida, U.S.)
Carnival House, Southampton, United Kingdom
Legal domicile of Carnival Corporation: Panama
Area served
Worldwide
Key people
 Micky Arison
(Chairman)
Joshua Weinstein
(President and CEO)
Brands
Services Cruise line
RevenueIncrease2.svgUS$21.593 billion (2023) [5]
Increase2.svgUS$1.956 billion (2023) [5]
Increase2.svg −US$0.074 billion (2023) [5]
Total assets Decrease2.svgUS$49.120 billion (2023) [5]
Total equity Decrease2.svgUS$6.882 billion (2023) [5]
Number of employees
90,000 (2024) [6]
Website www.carnivalcorp.com

Carnival Corporation & plc is a British and American cruise operator with a combined fleet of over ninety vessels across nine cruise line brands and one joint venture with China State Shipbuilding Corporation (CSSC). [4] A dual-listed company, Carnival is composed of the Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc, which function as one entity. Carnival Corporation is listed on the New York Stock Exchange, whereas Carnival plc is listed on the London Stock Exchange with an ADR listing on the NYSE. [7] Carnival is listed in both the S&P 500 and FTSE 250 indices. [8]

Contents

The American entity Carnival Corporation has its headquarters in the United States, [9] with operational headquarters located in the city of Doral, Florida. The UK entity Carnival plc has its headquarters in Southampton, England. [10] [11]

History

Carnival Corporation was founded as Carnival Cruise Line in 1972. The company grew steadily throughout the 1970s and 1980s, making an initial public offering on the New York Stock Exchange in 1987. The capital generated was used to finance acquisitions. Between 1989 and 1999, the company acquired Holland America Line, Windstar Cruises, Westours, Seabourn Cruise Line, Costa Cruises and Cunard Line. The name Carnival Corporation was adopted in 1993, to distinguish the parent company from its flagship cruise line subsidiary. [3]

P&O Princess Cruises plc was formed in 2000, following the demerger of the cruise ship division of the P&O group. [12] Originating as the Peninsular and Oriental Steam Navigation Company in England in 1837, P&O operated the world's first commercial cruise ships. Restructuring of the P&O group in the 20th century led to its cruise operations being rebranded as P&O Cruises and P&O Cruises Australia, with the company acquiring Princess Cruises in 1974. Following the demerger in 2000, the company also acquired AIDA Cruises, [13] as well as establishing the A'Rosa Cruises and Ocean Village brands. [14]

In 2003, Carnival Corporation acquired P&O Princess Cruises plc. [15] It was agreed that P&O Princess Cruises plc would remain a separate company, listed on the London Stock Exchange and retaining its British shareholder body and management team. The company was renamed Carnival plc, with the operations of the two companies merged into one entity. Carnival Corporation and Carnival plc jointly own all the operating companies in the Carnival group. [2] Prior to Carnival Corporation's acquisition, P&O Princess Cruises plc had agreed to a merger with Royal Caribbean Cruises Ltd. The deal unraveled as Carnival Corporation initiated a hostile takeover with improved terms for British shareholders. [16]

Carnival sold Windstar Cruises to Ambassadors Group in February 2007 [17] and Swan Hellenic to Lord Sterling in March 2007. [18]

In October 2015, CSSC Carnival Cruise Shipping, a joint venture between Carnival, the China Investment Corporation, and the China State Shipbuilding Corporation, was founded, with operations expected to commence in 2019. [19] [20]

In March 2018, Carnival Corporation announced its intention to invest in the construction of a new terminal in the port of Sasebo, Japan. It is expected to open in 2020. [21]

In June 2018, Carnival Corporation announced that it had acquired the White Pass and Yukon Route from TWC Enterprises Limited for US$290 million. The properties acquired were port, railroad and retail operations in Skagway, Alaska. [22]

Effects of the COVID-19 pandemic

All cruise ship itineraries were cancelled in March 2020 due to the worldwide pandemic and eventually, 55 passengers on ships owned by Carnival Corporation & plc were reported as having died. [23] After months of cancelled cruises, Carnival Corporation & plc announced in September 2020 that it intended to dispose of 18 ships, a full 12% of the global fleet. By that time, five ships had already been scrapped: Carnival Fantasy, Carnival Fascination, Carnival Imagination, Carnival Inspiration and Costa Victoria. [24]

The corporation also announced that it was delaying the delivery of several ships already on order. These steps were part of the company's cost-cutting plan, important because the "pause in guest operations continues to have a material negative impact on all aspects of the company's business, including the company's liquidity, financial position and results of operations". [24] The adjusted net loss in the third quarter was reported by the corporation to the U.S. Securities and Exchange Commission as US$1.7 billion. [25] [26] [27]

As of September 2020, the no-sail rule by the Centers for Disease Control and Prevention prohibited cruising in the U.S. until October 31, 2020, at the earliest. Members of the Cruise Lines International Association, including Carnival Corporation & plc, had announced in early August that its members were extending a voluntary suspension until October 31; that applied to cruises that were to depart from the U.S. or planned to stop at U.S. ports of call. [28]

In November 2020, the CEO said he was confident that "universal testing, which doesn't exist in any other industry of scale" would help start the cruising industry. [29]

The company's fourth quarter (ending 30 November 2020) financial statement released on January 11, 2021, indicated that one extra ship, in addition to the 18 previously planned, was to be sold. Carnival Corporation was in an excellent cash position, with US$9.5 billion, but suffered an adjusted net loss of $1.9 billion in the quarter. [30]

Operations

The Carnival group comprises nine cruise line brands and one cruise experience brand operating a combined fleet of 91 ships. [31]

In June 2023, Carnival restructured its corporate umbrella and created six new separate units that have full executive control of the brands in their portfolio. [32] CSSC Carnival Cruise Shipping is a separate entity founded in 2015, in which Carnival owns a 40% stake while the majority is controlled by Chinese shareholders. [33]

Carnival Cruise Line

Carnival UK

Princess Cruises

Holland America Group

Costa Cruises

AIDA Cruises

Carnival China

Brands and ships

AIDA Cruises

AIDA Cruises originated from the state-owned East German shipping conglomerate Deutsche Seereederei, established in Rostock, Germany, in 1952. [36] The company entered the passenger market in the 1960s, but after the unification of Germany in 1990, the company was privatised and its passenger ships acquired by Deutsche Seetouristik. In 1996, the company launched its first new cruise ship AIDA, but after failing to achieve a profit, the ship was sold to Norwegian Cruise Line, continuing operations under a charter agreement. [36]

In 1999, Deutsche Seetouristik was acquired by British shipping company P&O, with the AIDA name being repurchased from NCL. P&O formed AIDA Cruises as a subsidiary brand, with two new ships ordered to form a fleet. AIDA was renamed AIDAcara , with AIDAvita and AIDAaura launched in 2002 and 2003 respectively. [36]

Carnival Cruise Line

Carnival Cruise Line was founded in 1972 as a subsidiary of American International Travel Service (AITS), by Ted Arison and Meshulam Riklis. [3] Due to mounting debts, Riklis sold his stake in the company to Arison for $1 in 1974. Through the acquisition of existing ships the company continued to grow. In 1980, Carnival ordered its first new commission, the Tropicale , which was completed in 1981/2. [3] Three further ships were commissioned during the 1980s, the Holiday (1985), Jubilee (1986) and Celebration (1987). [3]

In 1987, Carnival completed an initial public offering of 20 percent of its common stock on the New York Stock Exchange, raising approximately $400m in capital. [3] The capital raised was used to finance acquisitions, so in 1993 the business was restructured as a holding company, under the name Carnival Corporation, with Carnival Cruise Line becoming its principal subsidiary. [3]

Costa Cruises

Costa Cruises originates from a cargo shipping company founded by Giacomo Costa fu Andrea in Genoa, Italy in 1854. [39] Better known as Costa Line or C Line by the 1920s, its first passenger carrier was Maria C , a former U.S. Navy stores ship that was partly converted for passenger use and served various routes to North and South America from 1947 to 1953. [39] The company's first dedicated passenger ship was the Anna C , a cargo vessel that was requisitioned for war time use by the Royal Navy and refitted as an accommodation ship before returning to merchant use. [39]

Costa purchased the ship in 1947 and it operated between Italy and South America from 1948, later converting to full-time cruising and serving with the company until 1971. From the late 1960s until the 1980s, Costa rapidly developed its passenger operations into what we now recognise as modern cruise ships. In 1987, it consolidated its cruise ship operations into a new company, Costa Cruises, which at its peak, was the largest cruise ship operator in the world. [40]

The takeover of Costa Cruises by Carnival Corporation began in 1997, as a 50/50 deal between Carnival and the British tour operator Airtours. [40] On January 13, 2012, Costa Concordia, a ship operated by the line, hit an underwater rock and ran aground in Isola del Giglio, Tuscany, resulting in 32 deaths. Investigations proved that the captain and general bad organization was responsible for the disaster, and the company was fined. [41]

Carnival CSSC

Adora Cruises (CSSC Carnival Cruise Shipping) is a Chinese-British/American cruise line that is scheduled to begin operation in 2023. CSSC Carnival was founded in October 2015 as a joint venture, worth about $4 billion over ten years, between British/American cruise line Carnival Corporation & plc, Chinese sovereign wealth fund China Investment Corporation, and Chinese shipbuilder China State Shipbuilding Corporation (CSSC). CSSC Carnival is headquartered in Hong Kong. It is majority owned by the Chinese shareholders, which collectively own 60% of the company, with Carnival holding the remainder. [19]

Cunard Line

The second oldest brand in the Carnival group after P&O, Cunard Line originated in 1840 and celebrated its 180th anniversary in 2020. It was founded by Samuel Cunard, who was awarded the first trans-Atlantic mail contract in 1837 and established the British and North American Royal Mail Steam-Packet Company in 1840. [42] After initially dominating the trans-Atlantic route, the need for new capital led to the company being re-organised as the Cunard Steamship Company Ltd in 1879. [43] The early 1900s saw increased competition for speed, particularly from Germany, which led the British government to subsidise the building of Mauretania and Lusitania , which both won the Blue Riband. Competition continued to increase however and by the early 1930s, Cunard was experiencing financial difficulties. [44] To secure further government subsidy, it agreed to merge with its chief rival White Star Line, to form Cunard-White Star Line in 1934. [45] Cunard later purchased the remaining White Star shares in 1947, reverting to the name Cunard Line in 1949. Cunard continued to operate independently until 1971, when it was acquired by the conglomerate Trafalgar House, which was in turn taken over by the Norwegian company Kværner in 1996. [46] In 1998, Carnival Corporation purchased a controlling stake in Cunard, completing the acquisition in 1999 to become sole shareholder. [47] Since that time, Cunard has been one of Carnival's most high-profile brands, with the continued popularity of the famous Queen Elizabeth 2 and the development of the world's largest trans-Atlantic Ocean liner Queen Mary 2 , which continues to be the flagship of the fleet. [48]

Holland America Line

Holland America Line originated as Plate, Reuchlin & Company, founded in Rotterdam, Netherlands, in 1871. Initially struggling to survive, the company went public in 1873, renamed Nederlandsch Amerikaansche Stoomvaart Maatschappij (NASM). [49] The company grew quickly in the early years, acquiring several new ships, including SS Rotterdam, which operated the company's first passenger cruise in 1895. The company also quickly became known by its shortened English name, Holland America Line. By the early 1900s, the company had separated its cargo and passenger operations, with its passenger ships being identifiable by names ending with dam, a tradition which continues with Holland America cruise ships today. The development of container shipping in the 1960s, forced the company to make a decision between investing in new cargo ships, or cruise ships. It ultimately sold its cargo operations, becoming exclusively a cruise ship company in 1973. [49] Holland America continued to thrive well into the 1980s, consolidating its business with the acquisitions of Westours, Windstar Cruises and Home Lines. In 1989 however, it was itself the subject of an acquisition, when it was purchased in full by Carnival Corporation. [49]

P&O Cruises

P&O Cruises was originally a subsidiary of the British shipping company P&O and was founded in 1977. [50] Along with P&O Cruises Australia, it has the oldest heritage of any cruise line in the world, dating to P&O's first passenger operations in 1837. [51] [52] [53] P&O Cruises was divested from P&O in 2000, subsequently becoming a subsidiary of P&O Princess Cruises, [54] before coming under the ownership of Carnival Corporation & plc in 2003, following the merger between P&O Princess Cruises and Carnival Corporation. [2] P&O Cruises is based in Southampton, England, and operates a fleet of seven ships, dedicated to serving the British market. [55]

P&O Cruises Australia

Princess Cruises

Seabourn Cruise Line

Former brands

Violations of environmental laws

In 2002 the Carnival Corporation pleaded guilty in United States District Court in Miami to criminal charges related to falsifying records of the oil-contaminated bilge water that six of its ships dumped into the sea from 1996 through 2001. The Carnival Corporation was ordered to pay $18 million in fines and perform community service, received five years' probation and must submit to a court-supervised worldwide environmental-compliance program for each of its cruise ships. [56]

For dumping oiled waste into the seas and lying to cover it up, Princess Cruise Lines was fined $40 million in 2016. According to federal authorities, it was the "largest-ever criminal penalty" for intentional vessel pollution. Officials said that these practices began in 2005 and persisted until August 2013, when a newly hired engineer blew the whistle. As part of its plea agreement, ships of the parent company Carnival Cruise lines were subjected to a court supervised environmental compliance plan for five years. [57]

For violation of the probation terms of 2016 Carnival and its Princess line were ordered to pay an additional $20 million penalty in 2019. The new violations included discharging plastic into waters in the Bahamas, falsifying records, and interfering with court supervision. [58]

Notable former ships

Costa Concordia after sinking Collision of Costa Concordia 11.jpg
Costa Concordia after sinking

Carnival has had various notable ships in the past including:

Related Research Articles

<span class="mw-page-title-main">Cunard Line</span> British shipping and cruise line

The Cunard Line is a British shipping and cruise line based at Carnival House at Southampton, England, operated by Carnival UK and owned by Carnival Corporation & plc. Since 2011, Cunard and its four ships have been registered in Hamilton, Bermuda.

<span class="mw-page-title-main">Carnival Cruise Line</span> International cruise line

Carnival Cruise Line is an international cruise line with headquarters in Doral, Florida. The company is a subsidiary of Carnival Corporation & plc. Its logo is a funnel shaped like a whale's tail, with a red, white, and blue color scheme. This trademark funnel design is built onto the line's ships. Carnival is ranked first on the list of largest cruise lines based on passengers carried annually.

Windstar Cruises is a cruise line that operates a fleet of small luxury cruise ships. Its six yachts carry just 148 to 310 guests and cruise to 50 nations, calling at 150 ports throughout Europe, the South Pacific, the Caribbean, and Central America. In May 2014, Windstar added to its sailing yachts by adding the Star Pride power yacht, followed by Star Breeze and Star Legend in May 2015. The additional capacity opened up new itineraries such as voyages to Iceland, the Panama Canal, and Costa Rica and allowed Windstar Cruises to sail Tahiti year round.

<span class="mw-page-title-main">Princess Cruises</span> Cruise line owned by Carnival Corporation & plc

Princess Cruises is an American cruise line owned by Carnival Corporation & plc. The company is incorporated in Bermuda and its headquarters are in Santa Clarita, California. As of 2021, it is the second largest cruise line by net revenue. It was previously a subsidiary of P&O Princess Cruises. The line has 15 ships cruising global itineraries that are marketed to both American and international passengers.

MS <i>Amera</i> Cruise ship operated by Phoenix Reisen

MS Amera is a cruise ship operated by Phoenix Reisen. She was launched in 1988 as Royal Viking Sun for Royal Viking Line, and began operating for Cunard Line under the same name in 1994. She was renamed Seabourn Sun when Seabourn Cruise Line acquired the ship in 1999. In 2002, Seabourn transferred the ship to Holland America Line, which was renamed as Prinsendam. In 2018, Prinsendam was sold to Phoenix Reisen, debuting in 2019.

<span class="mw-page-title-main">Fincantieri</span> Italian shipbuilding company

Fincantieri S.p.A. is an Italian shipbuilding company based in Trieste, Italy. Already the largest shipbuilder in Europe, after the acquisition of Vard in 2013, Fincantieri group doubled in size to become the fourth largest in the world (2014). The company builds both commercial and military vessels.

<span class="mw-page-title-main">Costa Cruises</span> Italian cruise line

Costa Crociere S.p.A., operating as Costa Cruises, is an Italian cruise line founded in 1948 and organized as a wholly owned subsidiary of Carnival Corporation & plc since 2000. Based in Genoa, Italy, the cruise line primarily caters to the Italian cruise market, but the company's 10 ships, which all sail under the Italian flag, provide itineraries sailing to countries globally.

<i>Margaritaville at Sea Islander</i> Cruise ship, launched 1999

Margaritaville at Sea Islander is a Spirit-class cruise ship previously owned by Carnival Corporation & plc. She was built in 2000 by the Kvaerner Masa-Yards Helsinki New Shipyard in Helsinki, Finland as Costa Atlantica for Costa Cruises. Costa Atlantica was sold to CSSC Carnival Cruise Shipping in 2019. After four years she was sold to Margaritaville at Sea, re-entering service in June 2024.

<span class="mw-page-title-main">P&O Cruises</span> British-American owned cruise line

P&O Cruises is a British cruise line based at Carnival House in Southampton, England, operated by Carnival UK and owned by Carnival Corporation & plc. It was originally a subsidiary of the freight transport company P&O and was founded in 1977. Along with P&O Cruises Australia, another former subsidiary of P&O, it has the oldest heritage of any cruise line in the world, dating to P&O's first passenger operations in 1837.

Seabourn Cruise Line is a luxury small ship cruise line headquartered in Seattle, Washington. It is owned by Carnival Corporation & plc.

<span class="mw-page-title-main">Royal Viking Line</span> Former Norwegian luxury cruise line

The Royal Viking Line was a luxury cruise line that operated from 1972 until 1998. The company was the brainchild of Warren Titus and had its headquarters at One Embarcadero Center in San Francisco.

<span class="mw-page-title-main">P&O Cruises Australia</span> Cruise line based in Australia

P&O Cruises Australia is a British-American owned cruise line with operational headquarters as part of Carnival Australia, based in Chatswood, New South Wales, Australia.

<span class="mw-page-title-main">AIDA Cruises</span> German cruise line

AIDA Cruises is a German cruise line founded in the early 1960s and organized as a wholly owned subsidiary of Costa Crociere S.p.A., which in turn belongs to Carnival Corporation & plc. Based in Rostock, Germany, AIDA Cruises caters primarily to the German-speaking market; as seagoing "club resorts", AIDA ships have on-board amenities and facilities designed to attract younger, more active vacationers. As of September 2023, the cruise line operates 11 ships.

Vista-class cruise ship (2002)

The Vista class is a class of Panamax-type cruise ships, built by Fincantieri Marghera shipyard, in Italy. Vista-class cruise ships are operated by Holland America Line, P&O Cruises, Cunard Line, Costa Cruises, and Carnival Cruise Line. The ships are equipped with a diesel-electric power plant and an Azipod propulsion system. The ships are designed so that eighty-five percent of the staterooms have ocean views and sixty-seven percent have verandas; the extensive use of glass in the superstructure,, is also reflected in the Vista-class name.

Cruise Lines International Association (CLIA) is a cruise line trade association. It merged with International Council of Cruise Lines (ICCL) in 2006, forming an expanded organization incorporating the existing functions of both organizations. The merged organization, which uses the CLIA name, is located in Washington, D.C.

P&O Princess Cruises plc was a shipping company that existed between 2000 and 2003, operating the P&O Cruises, Princess Cruises, P&O Cruises Australia, A'Rosa Cruises, AIDA Cruises and Ocean Village branded cruise lines. The company was formed from the de-merged passenger services of the P&O and operated until 2003 when it was re-listed as Carnival plc following a merger with Carnival Corporation. Its registered office was in London.

<span class="mw-page-title-main">Carnival House</span> Office building in Southampton, England

Carnival House is a landmark office building in the city of Southampton, Hampshire, England. It is a purpose-built headquarters for Carnival UK, the United Kingdom operating company of Carnival Corporation & plc, the world's largest cruise shipping company. The building was officially opened on Sunday 19 July 2009.

<i>Vista</i>-class cruise ship (2016) Class of cruise ship

The Vista class is a class of cruise ships built by Fincantieri in Italy. The ships are operated by the Carnival Cruise Line and Adora Cruises divisions of Carnival Corporation & plc.

Excellence-class cruise ship Excellence class of cruise ship

The Excellence class, including the sub-classes Helios class and XL or Excel class, is a class of cruise ships ordered by Carnival Corporation & plc for its subsidiary brands AIDA Cruises, Costa Cruises, P&O Cruises and Carnival Cruise Line. The ships are being constructed by Meyer Werft at their shipyard in Papenburg, Germany, and Meyer Turku at their shipyard in Turku, Finland. The first, AIDAnova, entered service for AIDA Cruises in 2018.

Adora Cruises Limited is a Chinese-American cruise line that was scheduled to begin operation in 2020, but was delayed due to COVID-19 pandemic.

References

  1. ↑ "Mission & History". Carnival Corporation & PLC. Archived from the original on August 29, 2018. Retrieved July 21, 2015.
  2. 1 2 3 4 "Carnival cruises towards P&O deal". BBC. October 25, 2002. Retrieved August 27, 2019.
  3. 1 2 3 4 5 6 7 8 "Corporate Timeline". Carnival Corporation & plc. Archived from the original on December 4, 2015. Retrieved July 21, 2015.
  4. 1 2 "Our Brands". Carnival Corporation & plc. Retrieved March 14, 2023.
  5. 1 2 3 4 5 "Form 10-K 2023". Carnival Corporation & plc. Retrieved February 12, 2024.
  6. ↑ "Corporate Information". Carnival Corporation & plc. Retrieved February 12, 2024.
  7. ↑ "Investor FAQs | Carnival Corporation & plc". www.carnivalcorp.com. Retrieved February 5, 2022.
  8. ↑ "FTSE UK Index Series: Quarterly Review June 2020". June 3, 2020. Archived from the original on June 3, 2020. Retrieved June 20, 2020.
  9. ↑ "Articles of Incorporation of Carnival Corporation" Carnival Corporation & plc. Retrieved March 24, 2020.
  10. ↑ "About Us". Carnival Corporation & plc. Retrieved February 14, 2020. Our world headquarters are located at: 3655 NW 87th Avenue. Miami, FL. 33178 U.S.A. - Note that the city name specified is "Miami, Florida" but the headquarters is actually in the Doral CDP as seen in the 2010 U.S. Census maps, from the U.S. Census Bureau, of Doral: Index Map and Page 4. Please note that U.S. postal address city names do not always adhere to municipal boundaries (see the postal address portion this page for further information)
  11. ↑ "SEC Filing, Carnival Corporation & plc". Carnival Corporation & plc. Retrieved March 9, 2020.
  12. ↑ "P&O warns of difficult cruise market ahead of demerger". The Independent. September 26, 2000. Retrieved March 20, 2016.
  13. ↑ "P&O Establishes Leading Position in German Cruise Market". Business Wire. September 29, 1999. Archived from the original on June 22, 2018. Retrieved March 20, 2016.
  14. ↑ "Ocean Village say final goodbyes". Cruise Line. Archived from the original on June 22, 2018. Retrieved March 20, 2016.
  15. ↑ "Commission clears Carnival's takeover bid for P&O Princess". European Commission. July 24, 2002. Retrieved March 20, 2016.
  16. ↑ "P&O Merger with Royal Caribbean is Off". Cruise Critic. October 25, 2002. Retrieved March 20, 2016.
  17. ↑ "Carnival Sells Windstar". Cruise Critic. February 22, 2007. Retrieved March 20, 2016.
  18. ↑ "Carnival PLC to sell Swan Hellenic to Lord Stirling". World of Cruising. March 17, 2007. Archived from the original on April 6, 2016. Retrieved March 20, 2016.
  19. 1 2 "China firms, Carnival Corp form JV to launch Chinese cruise line". Reuters. October 21, 2015. Retrieved November 8, 2018.
  20. ↑ "Costa Atlantica and Mediterranea Sold to New Chinese Brand". Cruise Industry News. November 6, 2018. Retrieved November 8, 2018.
  21. ↑ Staff, CIN (March 12, 2018). "Carnival Corp. To Develop Port in Sasebo, Japan" . Retrieved March 13, 2018.
  22. ↑ "Carnival Buys Port and Railroad in Alaska for Cruise Excursions". cruisefe/ver.net. June 12, 2018. Retrieved July 9, 2018.
  23. ↑ "Carnival selling 18 cruise ships amid financial struggles and U.S., Canada no-sail orders". National Post per Washington Post. September 17, 2020. Retrieved September 16, 2020. Fifty-five passengers died of COVID-19 on Carnival-operated ships during the early days of the pandemic, according to the Centers for Disease Control and Prevention
  24. 1 2 "Carnival selling 18 cruise ships amid financial struggles and U.S., Canada no-sail orders". National Post per Washington Post. September 17, 2020. Retrieved September 16, 2020. The company said it has raised $12 billion since March, despite being out of operation, but had a net loss of $2.9 billion for the third quarter of 2020.
  25. ↑ "Carnival Corp. to Further Downsize Fleet, Disposing of 18 Ships". Travel Pulse. September 15, 2020. Retrieved September 16, 2020. The filing reported a U.S. GAAP net loss of $2.9 billion for the quarter ending Aug. 31 and an adjusted net loss of $1.7 billion.
  26. ↑ "CRUISE NEWSCarnival Corp. Sells More Cruise Ships". Cruise Radio. September 15, 2020. Retrieved September 16, 2020. Carnival Cruise Line — one of the brands under the Carnival Corporate umbrella — still plans to begin sailing in November
  27. ↑ "Carnival to ditch 18 ships in total as U.S. cruises remain banned amid COVID-19 pandemic". Miami Herald. September 15, 2020. Retrieved September 16, 2020. The company is also slowing down the delivery schedule of its new ships
  28. ↑ "To cruise or not to cruise. Loyalists face a dilemma". LA Times. September 10, 2020. Retrieved September 16, 2020. Currently, the voluntary suspension of cruising only involves sailings departing from or calling on U.S. ports of call. Some CLIA members, like Avalon Waterways, that have no U.S.-based operations, are electing to follow CLIA's lead in cancelling voyages through October 31.
  29. ↑ "Carnival Cruise boss banks on safety measures". BBC News. November 20, 2020. Retrieved November 21, 2020.
  30. ↑ "Carnival Releases Big Update, More Ships Being Offloaded". Cruise Hive. January 11, 2021. Retrieved January 11, 2021.
  31. ↑ "Carnival Sees Full Fleet Sailing by Spring, Later Than Hoped". Bloomberg. June 24, 2021. Retrieved June 30, 2021.
  32. ↑ Kalosh, Anne (June 1, 2023). "Carnival Corp. restructures around six operating units with a new role for Jan Swartz". Seatrade Cruise News. Retrieved June 12, 2023.
  33. ↑ "China firms, Carnival Corp form JV to launch Chinese cruise line". Reuters. October 21, 2015. Retrieved November 8, 2018.
  34. ↑ Cruise company buys White Pass & Yukon railway Railway Gazette International June 7, 2018
  35. ↑ Carnival Corp buys Alaska heritage railroad Railway Age June 15, 2018
  36. 1 2 3 "AIDA Cruises". Castles of the Seas. Retrieved March 20, 2016.
  37. ↑ "Carnival Cruise Line Orders New Ship for 2027 Delivery". February 13, 2024.
  38. ↑ "Carnival Cruise Line Orders Another Newbuild for 2028 Delivery". March 26, 2024. Retrieved March 26, 2024.
  39. 1 2 3 "Costa Line". The Ships List. Retrieved March 20, 2016.
  40. 1 2 "Carnival and Airtours Agree To Acquire Costa Crociere". Wall Street Journal. December 20, 1996. Retrieved March 20, 2016.
  41. ↑ "Costa captain gets 16-year sentence". February 11, 2015. Retrieved January 12, 2020.
  42. ↑ Langley, John G. (2006). Steam Lion. Nimbus
  43. ↑ Gibbs, Charles Robert Vernon (1957). Passenger Liners of the Western Ocean: A Record of Atlantic Steam and Motor Passenger Vessels from 1838 to the Present Day. John De Graff. pp. 52–92
  44. ↑ "The Red Baron of Bearsden". Milngavie Herald. December 14, 2006. Archived from the original on February 12, 2009. Retrieved February 17, 2010.
  45. ↑ Gibbs, Charles Robert Vernon (1957). Passenger Liners of the Western Ocean: A Record of Atlantic Steam and Motor Passenger Vessels from 1838 to the Present Day. John De Graff. pp. 52–92.
  46. ↑ "Kvaerner Is Close to Bidding for Troubled Group: Lifeline for Trafalgar House?". International Herald Tribune. February 8, 1996. Retrieved March 20, 2016.
  47. ↑ "Carnival in $500 million deal to buy Cunard". New York Times. April 4, 1998.
  48. ↑ Mathisen, Oivind (October 14, 2004). "A Ship For The Sea". Cruise Industry News Quarterly Magazine: Winter 2003-2004. Cruise Industry News. Archived from the original on September 13, 2021. Retrieved October 26, 2013.
  49. 1 2 3 "Holland America Line". Cruise line history. Retrieved March 20, 2016.
  50. ↑ "From Liners to Leisure". P&O Heritage. Retrieved July 26, 2019.
  51. ↑ "History of Our Fleet". P&O Cruises Australia. Archived from the original on July 27, 2019. Retrieved September 28, 2019.
  52. ↑ Coulter, Adam (December 21, 2017). "P&O Cruises History". Cruise Critic. Retrieved July 27, 2019.
  53. ↑ "History of P&O". P&O Cruises Australia. Archived from the original on October 6, 2019. Retrieved July 27, 2019.
  54. ↑ Bennett, Neil (July 23, 2000). "P&O reshapes cruise float" . Telegraph. Archived from the original on January 12, 2022. Retrieved July 27, 2019.
  55. ↑ "P&O Cruises". Iglu Cruises. Retrieved July 1, 2018.
  56. ↑ "Travel Advisory: Correspondent's Report; For Cruise Ships, A History of Pollution". New York Times. June 16, 2002. Retrieved June 7, 2019.
  57. ↑ "Princess Cruise Lines to Pay $40 Million Fine for Illegal Dumping". New York Times. December 2, 2016. Retrieved June 7, 2019.
  58. ↑ "Carnival Cruises to Pay $20 Million in Pollution and Cover-Up Case". New York Times. June 4, 2019. Retrieved June 7, 2019.
  59. ↑ "Report: 'Love Boat' cruise ship sold for scrap". FoxNews.com. March 9, 2012. Retrieved March 13, 2012.
  60. ↑ "QE2" . Retrieved October 21, 2010.
  61. ↑ Goossens, Reuben. "SS Rotterdam" . Retrieved January 18, 2020.
  62. 1 2 "Costa Concordia reaches end of final voyage". CNN.com. CNN. Retrieved October 21, 2014.
  63. ↑ Davies, Phil (November 24, 2016). "Fathom to lose only ship as Adonia rejoins P&O fleet". Travel Weekly. Retrieved August 24, 2019.
  64. ↑ "P&O Respond And Apologise To Guests After News Of Selling Ship". Cruise. September 27, 2017. Retrieved July 1, 2018.
  65. ↑ "P&O Oriana – Cruise Ship". Ship Technology. Retrieved August 23, 2019.
  66. ↑ "Astro Ocean Takes Over Piano Land as Ship Sails for China". Cruise Industry News. August 17, 2019. Retrieved August 24, 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.