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...
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:
Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, today released its second quarter business update and though there was plenty of red ink splashing around, investors liked the rest of what Carnival had to say enough to give the company’s stock a boost that saw the company’s share up by over 11% as of 2.30 p.m. today.
Other cruise shares also went up in Carnival’s slipstream, with both Norwegian Cruise Lines Holdings (NYSE: NCLH) and Royal Caribbean...
Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, reports that, effective August 1, current president and CEO Arnold Donald, is being appointed vice chair and member of the boards of directors. Josh Weinstein (age 48), currently chief operations pfficer for the company, will assume the president and CEO role.
“Josh is a proven executive who is well-respected throughout the company, serving in key leadership roles, driving strong business results during his...
https://www.marinelog.com/passenger/cruiseships/carnival-corporation-announces-leadership-change/