“This has been an incredibly strong finish to a record year,” said CEO Josh Weinstein as the world’s largest cruise company, Miami-based Carnival Corporation & plc, today reported financial results for the fourth quarter and full year 2024 and provided an outlook for the first quarter and full year 2025.
One sector of shipping that will not be affected by the ILA strike is cruising. As we reported previously, the ILA has said that it will continue to handle all military cargo — and will also continue to work passenger cruise vessels. That news came just days before the world largest cruise operator, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reported what CEO Josh Weinstein describes as “phenomenal” financial results for the third quarter of 2024.
Third quarter net income was $1.7...
https://www.marinelog.com/passenger/cruiseships/carnival-reports-a-phenomenal-third-quarter/
The world’s largest cruise company, Miami-based Carnival Corporation & plc, today announced an order for a further three new ships. Ordered for its Carnival Cruise Line brand at Fincantieri, they will be a new class of vessel and, at nearly 230,000 grt, they will be large — and LNG-fueled
The agreement with Fincantieri provides for the design, engineering, and construction of the three ships, which will be delivered in the summers of 2029, 2031 and 2033, respectively.
Fincantieri says the value...
Shore power is arriving for ships docked at PortMiami, and yesterday Carnival Corporation announced that Carnival Conquest would be the first cruise ship to plug into landside electrical power at the cruise capital of the world.
Through an industry partnership between Miami-Dade County, Carnival Corporation & plc, MSC Cruises, Norwegian Cruise Line Holdings, Royal Caribbean Group, Virgin Voyages, and Florida Power & Light Company, PortMiami is the first major cruise port on the U.S. eastern...
Lars Loen is to succeed Vice Admiral William R. Burke (Ret.), as chief maritime officer at Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) on February 1, 2025, when Burke transitions to a new role as the company’s external affairs. On stepping into the chief maritime officer role, Ljoen, currently chief operations officer at the company’s Carnival Cruise Line brand, will be oversee all aspects of maritime operations for the corporation and its portfolio of cruise lines. Reporting to...
Cruise giant Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) followed yesterday’s announcement of its second newbuild order this year by reporting record first quarter earnings and all time high bookings. Still, the Baltimore bridge disaster cast a shadow on the company’s guidance for full year 2024. As the response to the Francis Scott Key Bridge collapse transitions to a recovery effort, we can expect many other companies to report similar impacts.
“Given the timing of yesterday’s event...
Carnival Corporation has followed up the order for a newbuild Excel-class LNG-fueled cruise ship that it placed with Meyer Werft in February with an order for a further ship in the class. Like the previous ship it will join the Carnival Cruise Line fleet, making it the brand’s fifth Excel-class and the11th across four of the corporation’s brands.
“Carnival’s Excel-class fleet will soon be a quintet of these very popular ships that provide outstanding guest amenities and tremendous operating...
In another sign of the cruise industry’s return to good health, the world’s largest cruise ship operator, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today reported that it has has signed an agreement with leading German shipbuilder Meyer Werft to build a fourth Excel-class cruise ship for its namesake Carnival Cruise Line brand. The ship, the tenth Excel-class ship in the corporation’s fleet across four of its brands, is expected to enter service in Spring 2027.
Joining current...
Cruising has come a long way since the dark days of the COVID shut-down when much loved veteran cruise ships were being beached for scrapping. Evidence of the industry bounce back came today. Shares in the world’s largest cruise ship operator, Miami-headquartered Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) were trading up today as the company reported fourth quarter and full year 2023 results that saw full year revenues hit an all-time high of $21.6 billion that included record fourth...
https://www.marinelog.com/passenger/cruiseships/carnival-reports-all-time-high-full-year-revenues/
For the first time since the resumption of guest cruise operations following the COVID-19 shutdown, Carnival Corporation’s U.S. GAAP net income turned positive in third quarter 2023, generating $1.07 billion. Adjusted net income of $1.18 billion exceeded the cruise giant’s June guidance range of $0.95 billion to $1.05 billion.
Other highlights included: