Carnival Cruise Line's Most Recent Announcement May Surprise Some Investors The Motley Fool

Table Of Content

• Actor Jonathan Bennett Named as ‘Godfather’ to Carnival Firenze
• Carnival Names New Celebration Key Area Lokono Cove
• Carnival Cruise Line to launch first voyage from U.S. port since last year
• Carnival Cruise Line News: Actor Jonathan Bennett Chosen as Godfather to Carnival Firenze
• Second Icon-Class Ship Will Have a Furry Family Member
• Carnival Cruise Line and Football Star Will Anderson Jr. Team Up to Welcome Local Kids Aboard Carnival Breeze

The Carnival Jubilee will launch in December as 5G-enabled and the service will be available early in 2024. Guests can utilize the enhanced connectivity through service plans for cruise ships provided by their wireless carriers. After the initial launch on Carnival Jubilee, the cruise line plans to enable other ships across its fleet with 5G capabilities.

Actor Jonathan Bennett Named as ‘Godfather’ to Carnival Firenze

One of five distinct portals, or areas, on Celebration Key, Lokono Cove will host the cruise destination's retail and shopping areas in an authentic Bahamian artisan market hosting everything from handcrafts to jewellery. For additional information on Carnival Cruise Line and to book a cruise vacation, call CARNIVAL, visit , or contact your favorite travel advisor or online travel site. Carnival Cruise Line today revealed details for Paradise Plaza and Calypso Lagoon, two of the five portals at its new Celebration Keyâ„¢ cruise ... Carnival Glory returned to service today in Barcelona following a 21-day dry dock. Global travel industry champion and Carnival Cruise Line President Christine Duffy’s significant contributions to cruise travel are being recognized with the Cruise Lines International Association’s Lifetime Achievement Award for 2024. This credit is a nice gesture when the cruise may not be impacted at all and can be used for any onboard purchases, including shore excursions, photos, souvenirs, spa treatments, specialty dining, and more.

Carnival Names New Celebration Key Area Lokono Cove

Perhaps the biggest news is that Carnival announced that Mardi Gras will have a sister ship in just over two years. While Carnival theoretically could create itineraries calling only at its own ports, Stein said there are good reasons to go elsewhere. As a function of its proximity of the port to South Florida, the new destination will also have favorable impact on fuel consumption and carbon emissions. He added that a four-port, seven-day itinerary was created, essentially adding the new destination as a bonus port.

Carnival Freedom cruise ship catches fire amid bad weather conditions - ABC Action News Tampa Bay

Carnival Freedom cruise ship catches fire amid bad weather conditions.

Posted: Sun, 24 Mar 2024 07:00:00 GMT [source]

Carnival Cruise Line to launch first voyage from U.S. port since last year

The latter has been a tendering call, but a pier project is underway, which will allow ships to come alongside. A portion of Calypso Lagoon and the adjacent beach will be designated as an adults-only area. In this section, guests will find a large swim-up bar with a DJ keeping the energy going all day. Carnival Cruise Line's new exclusive destination on Grand Bahama Celebration Key will feature a retail portal that has been named Lokono Cove ...

Carnival Cruise Lines: Watch Your Kids! - Cruise Law News

Carnival Cruise Lines: Watch Your Kids!.

Posted: Mon, 01 Apr 2024 07:00:00 GMT [source]

Carnival Firenze is set to undergo a 2-month refurbishment project to bring it up to speed with the cruise line’s style, ahead of its inaugural sailing on April 25. Carnival Cruise Line announced today that the 4,000-passenger ship is returning to its homeport of Port Canaveral to resume its Caribbean itineraries. (February 13, 2024) -- Carnival Cruise Line announced today that a fourth Excel-class ship is underway, with an expected delivery in spring of 2027. (March 27, 2024) -- A little over a month after announcing the construction of its fourth Excel-class ship, Carnival Cruise Line is yet again expanding its fleet with a fifth Excel-class vessel due to arrive in 2028. The Carnival executive shared that, during a recent sailing aboard Carnival Firenze's siter ship Carnival Venezia, Bennett confided in her that his dream role would be to serve as godfather for a Carnival ship.

The analysts also estimate that about half of 2022 bookings are from guests rebooking canceled cruises and using their credits. Industry analysts anticipate a slow road to recovery for cruise lines, and several difficulties ahead due to the international nature of cruises. Royal Caribbean earlier this week changed its vaccination policy for all cruises except those leaving from Florida.

Second Icon-Class Ship Will Have a Furry Family Member

And with Carnival stock already trading at more than 85% below its all-time high, management likely wants to avoid actions that might further undermine confidence in the stock. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. As scheduled, Carnival Pride is planned to arrive in Baltimore on Sunday, April 21, 2024, and will remain homeported from Charm City through at least April 2026. Carnival Cruise Line has reached out to reassure guests booked on Carnival Pride's repositioning cruise from Tampa to Baltimore in April. Carnival posted an adjusted net loss per share of 14 cents, compared to analysts' expectations of 18 cents.

The cruise line was also full of surprises throughout the evening – from the announcement of a 4th Excel Class ship, to the pledge of raising $50 million by 2030 for St. Jude Children’s Research Hospital. TO kick it off, Duffy presented a $50,000 check to the foundation on behalf of the ship’s godmother, Gwen Stefani. While Stefani is known as a music and fashion icon, she does philanthropic work, supporting children’s causes. Like its sister ships, Carnival's fifth Excel-class vessel will be powered by liquified natural gas (LNG) and will have capacity for over 6,400 passengers and 1,800 crew. "Carnival's Excel-class fleet will soon be a quintet of these very popular ships that provide outstanding guest amenities and tremendous operating efficiencies," said Christine Duffy, president of Carnival Cruise Line.

Carnival Cruise Line and Football Star Will Anderson Jr. Team Up to Welcome Local Kids Aboard Carnival Breeze

The executive added that, beginning in 2027, Carnival Corporation will welcome one to two ships per year in order to "satisfy outsized demand." Stefani christened the ship -- a ceremony meant to bring luck and protection to those onboard – with her signature flair. With the help of Fitzpatrick, who lassoed a rope around the Carnival Jubilee lever, Stefani gave it a pull and sent a flying bottle of champagne crashing into the ship with a celebratory splash. Carnival Inspiration was built in 1996 and had been sailing trips from Long Beach, California to the Mexican Riviera. “And they need to continue to evolve their infrastructure as the ships get larger. Carnival Cruise Line and Effy Jewelry are set to introduce first-at-sea technology on board Carnival Firenze when the ship launches later this ...

The cruise company signed an agreement with German shipbuilder Meyer Werft to build the as of yet unnamed ship, which is Carnival's first newbuild order in five years. Held in the Jubilee Theater, spanning decks 6 & 7, guests were treated to a festive rope trick and whip cracker show performed by world champion (and YouTuber) Will Fitzpatrick. Brown declared February 24 as “Carnival Jubilee Day.”and also presented Duffy with a large, Texas-sized key to the city.

Acquired from sister cruise line Costa Cruises, Carnival Firenze becomes the 27th ship in Carnival's fleet. Carnival Vista rejoins fellow vessels Carnival Freedom, Carnival Liberty and Carnival Mardi Gras to complete the cruise line's four ship deployment in Central Florida. Upon returning to Port Canaveral, Carnival Vista will embark on round-trip, six- to eight-night itineraries, visiting destinations like Halfmoon Cay, Grand Turk, Aruba, San Juan, St. Maarten and St. Thomas. The Casino, for instance, has been expanded with a new layout and a separate non-smoking annex.

“The bridge team onboard spotted the vessel and turned the ship around to rescue them,” Carnival said in a news release. “All were taken aboard, given food and were seen by the medical team.” The cruise line also notified the U.S. The cruise industry is among one of the last sectors to return to pre-pandemic operations.

"The first quarter has been fantastic across the board," CEO Josh Weinstein said on a post-earnings call. "We delivered record bookings and record customer deposits again this quarter, a great start to the year." Cruise operators are recording all-time high booking rates as more travelers switch to cheaper sea-borne experiences over expensive land-based alternatives such as booking hotels or flights, providing them more room to raise prices.

Carnival Jubilee's naming ceremony is scheduled to take place on Feb. 24 in Galveston, the ship's homeport. Ship christenings are a maritime tradition thought to bring luck to those onboard. Stefani is also known as one of the celebrity coaches on the Emmy-Award winning show The Voice. Aside from music, the artist has been recognized as a fashion icon as well as for her philanthropic work, including her support of children’s cause.

Carnival Offers Update on Special Cruise After Bridge Collapse

Table Of Content

• Two Ships Sold, Two More Laid Up
• Carnival Cruise Passengers Attempt to Bring Portable Washing Machine Aboard Ship
• CARNIVAL CRUISE LINE INTRODUCES GOCCL.COM ENHANCED BOOKING EXPERIENCE FOR TRAVEL ADVISORS
• Norwegian Cruise Ships – Newest to Oldest
• CARNIVAL CRUISE LINE’S CELEBRATION KEY WILL SHOWCASE BAHAMIAN CULTURE AND FLAVORS AT LOKONO COVE
• CARNIVAL CRUISE LINE KICKS OFF CELEBRATION KEY™ PORTAL REVEALS WITH PREVIEW OF PARADISE PLAZA AND CALYPSO LAGOON
• Major Differences Between Royal Caribbean and Carnival Cruise Line

Just a short walk from the ship, Paradise Plaza will welcome guests with a brightly colored promenade and radiant sun-shaped arch perfect for photo-taking. Guests will be immersed in the destination's beauty, as the sound of live music fills the air and the sight of the centerpiece 10-story-high Suncastle starts to build excitement for the paradise that awaits. The surprising news came when CEO Josh Weinstein told Yahoo! Finance at the 2023 Milken Institute Global Conference that Carnival had no plans to sell more shares of the stock. Weinstein added that bookings for the summer travel season have improved, so much so that it just experienced the greatest number of bookings in its history over a three-month period.

Two Ships Sold, Two More Laid Up

Three other portals have been announced, including a family-friendly portal, a private retreat and a retail area. Carnival will share further details about these portals in the coming months, as it also plans a second phase of the destination that will add new features beyond the five portals, including a waterpark. On one side of the lagoon, guests will find a unique bar with nearly 50 swings for those that want to dip their toes in the cool water, enjoying great views across the lagoon as they sip on classic poolside and Bahamian cocktails. Additional bars located around Calypso Lagoon will ensure that everyone's thirst is quenched. Guests will also find two dedicated full-service restaurants, as well as a variety of casual snack shacks spread through the portal.

Carnival Cruise Passengers Attempt to Bring Portable Washing Machine Aboard Ship

The news comes after Celebrity Cruises’ Celebrity Apex ship rescued seven people in a small vessel adrift between Cuba and Mexico earlier this month. Another Carnival ship, Carnival Jubilee, also rescued two people stuck in a kayak off the coast of Mexico’s Isla Mujeres in January. Passengers aboard must show proof of vaccination, or be pre-approved for an exemption by Carnival, which is following strict guidelines. The Carnival Vista is set to sail on Saturday afternoon out of Galveston, Texas, marking Carnival Cruise Line's first U.S. cruise since the pandemic halted its operations.

Cruise News Update: Cruise Delay, Cancellations, Rescue - Cruise Hive

Cruise News Update: Cruise Delay, Cancellations, Rescue.

Posted: Sat, 02 Mar 2024 08:00:00 GMT [source]

CARNIVAL CRUISE LINE INTRODUCES GOCCL.COM ENHANCED BOOKING EXPERIENCE FOR TRAVEL ADVISORS

Check out the latest Carnival Cruise news—from cruise updates to Carnival sailings, cancellations, new ships, and more. To meet the growing demand for connectivity at sea, Carnival has also rolled out fleetwide enhancements to its Wi-Fi offerings. The cruise line recently completed upgrades on all of its 25 ships to install necessary infrastructure for the use of SpaceX’s Starlink Satellite service.

The bridge collapsed on Sunday, March 26, 2024 after the container ship Dali had technical difficulties while approaching the span and subsequently collided with the bridge. Carnival Cruise Line and Royal Caribbean International have both been forced to shift homeports to Norfolk, Virginia in the meantime, as the Port of Baltimore is now inaccessible due to the bridge’s debris. Royal Caribbean Cruises was the first cruise operator to sail a ship from a U.S. port since the beginning of the pandemic when its Celebrity Edge ship left Miami last Saturday.

The breathtaking Bahamian beach is also a perfect backdrop for lounging on the warm sand, swimming in the glistening Caribbean water or enjoying fun-in-the-sun activities. However, cruise line stocks like Carnival still have a long road to recovery from the damage caused by the pandemic. Hence, the question for investors is whether this decision not to add shares makes Carnival a buy. From Tampa, the ship has been offering Caribbean itineraries, but after moving to Baltimore, Carnival Pride will offer a mix of Bahamas, Eastern Caribbean, Southern Caribbean, Bermuda, and Greenland cruises, depending on sailing date. Two special sailings are also planned for the Panama Canal – one each in January 2025 and January 2026 – if conditions permit those transits to move forward.

The Centers for Disease Control and Prevention recently allowed it to begin sailing again with strict safety protocols, aimed at preventing Covid-19 from spreading onboard. The Carnival Jubilee will be the first Carnival vessel, and the first cruise ship in North America, to provide guests access to 5G mobile phone service through a partnership with leading cellular provider Wireless Maritime Service (WMS). The cruise line announced today that the honor of christening the 5374-passenger ship will fall on music superstar Gwen Stefani. The songwriter, performer and vocalist has achieved global success, selling more than 60 million records as frontwoman of the band No Doubt as well as a solo artist. Her list of accolades include three Grammy Awards, four MTV Video Music Awards, two Billboard Awards, an American Music Award and a Brit Award. More than 500 itineraries currently open for sale feature visits to the new destination, with 18 ships set to call on Celebration Key from ten U.S. homeports through spring 2026.

Carnival Corporation Orders an Additional Excel-Class Ship for Carnival Cruise Line, the Line's 5th Excel-Class Ship ... - PR Newswire

Carnival Corporation Orders an Additional Excel-Class Ship for Carnival Cruise Line, the Line's 5th Excel-Class Ship ....

Posted: Tue, 26 Mar 2024 07:00:00 GMT [source]

For the moment, there are no changes to the ship’s itinerary and the plan remains for debarkation in Baltimore, Maryland as scheduled, though the cruise line will stay in close communication with booked guests in case of updates. The cruise operator now expects full-year adjusted profit per share of 98 cents, compared with its prior forecast of 93 cents. Analysts on average were expecting a profit of $1 per share, according to LSEG data. The cruise operator raised the expected impact of the Red Sea disruptions to $0.09 per share from the $0.07 to $0.08 it had estimated in January.

Major Differences Between Royal Caribbean and Carnival Cruise Line

In all, it just goes to show how big of an impact the current health crisis is having on cruising even beyond the suspension of sailing. Of course, with the health crisis continuing and ships being sold or laid-up, Carnival is also having to move ships around. The Fascination and Imagination were built in 1994 and 1995, respectively, and are among the smallest ships in Carnival’s fleet. Carnival’s second big piece of news is that it has sold two of its oldest ships and is putting two more in lay-up.

It holds almost $36 billion in total debt, and the company financial statements show $6 billion in shareholders' equity. Such conditions point to a strained balance sheet, likely leading Carnival to mediocre future returns at best. Indeed, adding to the number of outstanding shares is an easy way to raise money to pay down some of this debt. However, since such moves devalue shareholder positions, most investors will likely see Weinstein's announcement as a pleasant surprise.

The Vista-class flagship has emerged from drydock with new venues, including Heroes Tribute Bar & Lounge, a space that honors military veterans and active-duty service members. Carnival Vista also boasts a new O2 Club for teens as well as a new Effy Jewelry store and a new Cherry on Top shop. (February 9, 2024) -- Carnival Vista has returned from its 30-day dry dock sporting several enhancements, including a new livery, new venues and an expanded casino. “Building on our strong performance and growing momentum around the world, we are excited to resume our newbuild program and further enhance our global fleet with yet another state-of-the-art ship,” said Josh Weinstein, CEO of Carnival Corporation. The cruise line welcomed Carnival Jubilee in December 2023 and has recently incorporated Carnival Firenze -- formerly Costa Firenze -- to its lineup, growing the current fleet to 27 ships. The ship will be christened on April 24 in Long Beach and will embark on its first sailing a day later -- a seven-day Mexican Riviera voyage.

Carnival Cruise Line Captain Niccolo De Ranieri and his team on Mardi Gras were honored Tuesday evening by the Association for Rescue at Sea ... Carnival Cruise Line is introducing a series of new features to its award-winning online booking tool for travel advisors, GoCCL Navigator.

Carnival Firenze -- formerly known as Costa Firenze -- is Carnival Cruise Line's latest vessel in the cruise line's Fun Italian Style lineup. As the name suggests, the 135,00-GT ship draws inspiration from the Italian city of Florence. Over the course of our three-day journey between Miami and Bimini, Bahamas, we revisited the first ship in Carnival's highly-successful Conquest-class that also includes Carnival Glory, Carnival Valor, Carnival Liberty, and Carnival Freedom. “As part of Carnival Corporation’s recent announcement to reduce its overall capacity and focus on ships with upgraded features, Carnival Fantasy and Carnival Inspiration have been sold,” said a statement from the cruise line.