carnival cruise company news

Carnival Corp. Releases 2023 Sustainability Report

• April 10, 2024

Carnival Corporation has released its 14th annual sustainability report detailing meaningful progress in its six sustainability focus areas, including toward its highest-priority goals supporting climate action to reduce greenhouse gas (GHG) emissions and promoting a circular economy model to reduce waste.

The company said achieved several 2030 environmental goals well in advance and is tracking ahead of schedule on a number of other key targets, including GHG intensity reductions. Details are outlined in the full report, titled “Sustainable from Ship to Shore,” and available on the company’s website at www.CarnivalSustainability.com .

“Thanks to our 160,000 remarkable team members who show up every day with passion and dedication, 2023 was a year of significant accomplishments across the board,” said Josh Weinstein, CEO and chief climate officer for Carnival Corporation. “We achieved record-breaking financial performance, welcomed three stunning new ships, expanded our global presence to over 800 incredible destinations and communities, and delivered unforgettable happiness to 12.5 million guests by providing them with extraordinary cruise vacations.\

Added Weinstein: “We also demonstrated our continued commitment to leading the way in making cruising more sustainable, marked by amazing progress toward reaching – and in many cases, exceeding – our vital 2030 environmental performance targets. Since we’re so aggressively tracking toward all our 2030 sustainability goals, we’re evaluating new interim targets along our pursuit of net zero GHG emissions by 2050.”

Highlights;

• GHG Intensity: Tracking toward its 2030 goal four years ahead of schedule, the company formally committed to reducing its GHG intensity by at least 20% by 2026 (versus 2019 levels; measured on a lower berth capacity basis). The company expects this performance to put it ahead of the International Maritime Organization’s (IMO) 2030 carbon intensity reduction timeline.
• Shore Power: Surpassing its 2030 goal in 2023 – seven years early – the company now leads the industry with 64% of its fleet shore power-capable, meaning it has twice as many ships able to “plug in” than there are ports equipped to provide shore power. The company is now working closely with port authorities worldwide to foster increased adoption of this important technology.
• Particulate Matter: Recording a 68% reduction in absolute particulate matter emissions (versus the 2015 baseline), the company continued accelerating well beyond its 2030 goal to reduce particulate matter emissions by 50%.
• Food Waste: Achieving a 38% reduction in food waste per person (versus the 2019 baseline), the company came within two percentage points of reaching its 2025 goal to reduce food waste by 40% and continues efforts toward achieving its 50% food reduction goal by 2030.
• Single-Use Items: As of 2023, the company had cut down enormously on single-use items and plastics, eliminating ~500 million single-use items from the fleet by the end of last year (compared to 2018) – outpacing its 2030 50% reduction goal, which it initially surpassed in 2021, nine years early.
• Advanced Waste Water Treatment Systems: Finishing the year just a few points shy of its 2030 goal to outfit 75% of its fleet capacity with AWWTS, in 2023, the company had completed installation of systems covering 70% of the company’s fleet capacity, purifying even more water used onboard to municipal-water quality before releasing it back to nature.

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Carnival kicks off $4.1bn refinancing in bid to slash interest rate costs

World’s largest cruise liner begins offering €500m bond

Carnival Corp is planning to refinance up to $4.1bn of bonds and loans to reduce interest rate expenses.

The New York-listed cruise line said it has started offering a new €500m ($532m) bond.

It is a private offer of new senior unsecured notes expected to mature in 2030.

That issue will refinance its €500m 7.625% senior unsecured notes due in 2026.

The company has issued a conditional notice of redemption for the entire outstanding principal amount of the 2026 bond to be redeemed on or about 26 April.

The redemption price will be equal to 101.906% of the principal, plus accrued and unpaid interest.

Carnival is continuing its debt and interest expense reduction and capital structure simplification.

In addition to the new bond issue, it expects to begin marketing a repricing transaction with respect to its $2.3bn first-priority senior secured term loan facility maturing in 2028 and its $1.3bn senior secured term loan facility maturing in 2027.

As part of the repricing transaction, the company expects to make partial prepayments of outstanding amounts under the 2028 facility and the 2027 facility of up to $800m.

PJT Partners is serving as independent financial adviser.

Carnival reported its best-ever first-quarter revenue of $5.41bn in March as booking volumes soared to an all-time high.

It raised its net yield guidance for full year 2024 by more than a point to about 9.5%.

In December, credit rating agency S&P Global Ratings upgraded Carnival two notches to BB-.

Last year, the line ordered its first newbuildings in five years after recovering from the pandemic crisis.

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A new cruise ship is in the works. What that means for vacation travelers and Miami

The cruise industry, which employs thousands of people in South Florida and brings millions of tourists to the region, has a new ship in the works.

Doral-based Carnival Corp. has ordered a new Excel-class ship, the 10th in that class in the company’s global fleet, the company said on Tuesday. Carnival signed an agreement with German shipbuilder Meyer Werft to have the 180,000-ton vessel ready for passengers by spring 2027. Excel is Carnival’s largest and newest category of cruise ship.

The development is yet another sign that the cruise industry is back from COVID.

What Carnival executive says

“Coming out of the pandemic, demand is great,” Christine Duffy, president of Carnival Cruise Line, said Tuesday at an Axios event at The Hanger in Coconut Grove. “You see a lot more capacity moving into particularly the U.S. market.”

That has been evident at Florida’s major seaports: PortMiami, Port Canaveral and Port Everglades in Fort Lauderdale, which have built new terminals or welcomed new cruise companies.

During the 12-month fiscal year 2023 —which for the cruise industry began Oct. 1, 2022, and ended Sept. 30, 2023 — PortMiami, Florida’s largest port, set a record for annual passengers. During that time, 7.3 million passengers traveled in and out, nearly twice the four million passengers the prior fiscal year.

Travel through PortMiami exceeded by 7% its previous record of 6.8 million passengers set in fiscal year 2019, before the pandemic disrupted the popular vacation industry.

Carnival’s new ship

Carnival’s new ship, its first new order in five years, can carry over 6,400 guests and will be powered on a liquefied natural gas technology platform.

It will be the fourth Excel-class ship in the company’s namesake Carnival Cruise Line brand and a sister to Mardi Gras, Carnival Celebration, and Carnival Jubilee.

The company, which carries 13 million passengers per year, said that Excel-class ships have proven popular with passengers and will allow it to offer more cruises.

This would be the company’s second new ship to be completed between now and 2027. The other is expected to be delivered in 2025.

Starting in 2027, the company sees itself adding one or two ships a year.

The Miami-Dade company is also seeking to improve its financial performance, including reducing its approximately $36 billion in debt, Duffy said.

“We are very committed to focusing on the balance sheet,” the executive said in a 16-minute Q&A with Dan Primack, a business editor at Axios.

Carnival currently has 93 ships and 120,000 employees.

Duffy, who as a teenager sought to work as a flight attendant but was rejected by Pan American Airways for being too short, got her start in the travel industry as a receptionist.

At her Coconut Grove appearance, she also addressed several other issues related to the company:

▪ On whether the company felt pressure to outdo competitor Royal Caribbean’s recently launched Icon of the Seas, the world’s largest cruise ship: “Years ago, Carnival Cruise Line delivered and built the biggest ship — Carnival Destiny. I think at this point, size does not really matter so much.”

▪ On the case of two Americans who last week alleged they were attacked and raped while onshore in the Bahamas during a Carnival cruise: “That specific incident is under investigation. And until that’s concluded we are advising our guests not to go to that beach or resort. ... We met with Bahamian government officials on Friday and we are working closely with them.”

She did not address an incident involving a Carnival ship hitting a pier last week in Ocho Rios, Jamaica. The chartered rock and roll cruise was forced to abandon the first pier it docked at due to high winds after many passengers were already on shore.

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Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars

The Carnival Celebration cruise ship docked at the Port of Miami.

Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades.

The company is now looking to downsize to about 300,000 square feet (27,871 square meters) of new office space in the Miami area, according to a person familiar with the matter, who asked not to be named citing private discussions.

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Carnival corporation & plc (ccl).

• Previous Close 14.36
• Bid 13.96 x 2200
• Ask 14.08 x 1200
• Day's Range 13.92 - 14.76
• 52 Week Range 8.70 - 19.74
• Volume 30,681,010
• Avg. Volume 33,043,700
• Market Cap (intraday) 18.419B
• Beta (5Y Monthly) 2.55
• PE Ratio (TTM) 43.94
• EPS (TTM) 0.32
• Earnings Date Jun 24, 2024 - Jun 28, 2024
• Forward Dividend & Yield --
• Ex-Dividend Date Feb 20, 2020
• 1y Target Est 20.99

Carnival Corporation & plc Overview Travel Services / Consumer Cyclical

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company offers its services under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard brand. Additionally, it sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

Full Time Employees

November 30

Fiscal Year Ends

Travel Services

Recent News: CCL

Carnival Corporation & plc Announces the Redemption of Existing €500 Million Notes and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction; Launch of Repricing of Senior Secured First Lien Term Loan B Facilities with Partial Repayment for Debt and Interest Expense Reduction

Carnival Corporation & plc Announces Maritime Executive Changes Effective Feb. 1, 2025

Princess Cruises Rolls Out Fleetwide Dining Revolution: Traditional, Reservable, Open Seating, and Anywhere Service Now Available for Every Guest Preference

Cunard's Solar Eclipse at Sea offers Prime Viewing for 2026

Holland America Line Enhances Entertainment with New Productions, Music Lineup and Destination-Specific Performances

Carnival corporation announces significant sustainability achievements.

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Performance overview: ccl.

Trailing total returns as of 4/15/2024, which may include dividends or other distributions. Benchmark is S&P 500 .

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Statistics: CCL

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Research Analysis: CCL

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1 dead, several injured in Honolulu after shuttle bus crashes outside cruise terminal

One person has died and multiple people were injured in a shuttle bus crash in Honolulu , Hawaii on Friday.

"Nine Carnival Miracle guests were hit by a shuttle bus in the transportation area outside the Honolulu cruise terminal on Friday morning," Matt Lupoli, senior manager of the Carnival Cruise Line , told USA TODAY. "Sadly, one guest has died from her injuries. She was traveling with her husband, who was also injured and is expected to recover."

The shuttle bus crashed into pedestrians and two concrete barriers at the terminal. The shuttle bus driver mistakenly stepped on the gas pedal instead of the break when they attempted to stop the bus from moving, Hawaii News Now reported.

All of the victims were taken to local hospitals and are being treated for their injuries. The victims are in different conditions ranging from serious to stable, the news outlet said.

"Members of the Carnival Care Team are assisting the guests. Our thoughts are with the guests affected and their loved ones," Lupoli said.

USA TODAY has reached out to the  Honolulu Police Department and the Honolulu Emergency Medical Services for comment.

1 dead, 13 injured: After man crashes truck into Texas Department of Public Safety building

Eyewitnesses share their experience after the Honolulu shuttle bus crash, reports state

Eyewitness told KITV Island News that the relaxing Friday morning turned deadly after the shuttle bus crash.

"We heard the tire of a vehicle screeching," Lillian Le, a visitor from Denver told the broadcast station. "We looked and it was a bus running over people and hit against a wall."

An employee at the complex said he has never experienced this before.

"We saw the first responders coming, it was substantial, probably about 10 a.m., four or five ambulances, two fire trucks, ten cop cars, looked pretty bad - it's really distressing," Mark Elwell, an employee at the complex wher the accident occurred. "I've worked here 21 years, I've never seen anything to this magnitude, really sad to see, obviously people were hurt pretty bad to be taken away by ambulance."

Jessica Lani Rich, a visitor at the Aloha Society of Hawaii told KITV Island News that the woman who died was celebrating her 46th wedding anniversary with her husband.

Ahjané Forbes is a reporter on the National Trending Team at USA TODAY. Ahjané covers breaking news, car recalls, crime, health, lottery and public policy stories. Email her at  [email protected] . Follow her on  Instagram ,  Threads  and  X @forbesfineest.

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Carnival Corporation Begins Private Offering Of EUR 500 Mln In Sr. Notes

April 16, 2024 — 05:05 am EDT

Written by RTTNews.com for RTTNews  ->

(RTTNews) - Carnival Corporation & Plc (CUK), a cruise company, said on Tuesday that it has commenced a private offering of new senior unsecured notes of 500 million euros, expected to mature in 2030, to refinance its 500 million euros 7.625 percent senior notes due 2026.

The company issued a conditional notice of redemption for the entire of 2026 Euro unsecured notes to be redeemed on or about April 26, 2024 at a redemption price equal to 101.906 percent of the principal amount of the 2026 Euro unsecured notes, and accrued and unpaid interest.

Carnival intends to fund the redemption using the net proceeds from the notes offering and cash on hand.

In addition, the company expects to begin the marketing of a repricing transaction with respect to its $2.3 billion first-priority senior secured term loan facility maturing in 2028 and its $1.3 billion senior secured term loan facility maturing in 2027.

As part of the repricing transaction, Carnival expects to make partial prepayments of outstanding amounts under the 2028 secured term loan facility and the 2027 secured term loan facility in an amount of up to $800 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Cruise passenger dies after shuttle bus crash

One woman has died and 10 others were injured after a shuttle bus crashed into the transportation area outside a Honolulu cruise terminal Friday, according to police.

The ship, Carnival Miracle, was on a 15-day journey, departing Long Beach, California, on April 6, according to Carnival Cruise Line. Nine of the people hit by the vehicle were cruise ship passengers.

"Sadly, one guest has died from her injuries. She was traveling with her husband, who was also injured and is expected to recover. Members of the Carnival Care Team are assisting the guests. Our thoughts are with the guests affected and their loved ones," Carnival Cruise Line said in a statement to ABC News.

A 57-year-old man was dropping off customers at pier 2 when a bystander told him that his vehicle was moving forward. He then jumped into the drivers seat, trying to stop the vehicle, but he accidentally pressed the gas pedal instead of the brakes, colliding with two concrete barriers and eleven pedestrians, according to the Honolulu Police Department.

Five pedestrians were transported to the hospital -- one of whom was later pronounced dead and four others are in good condition. Six other pedestrians refused treatment on the scene, police said.

According to police, speed does not appear to be a contributing factor in the collision and it is unknown if drugs or alcohol were contributing factors.

The investigation is ongoing.

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Eight passengers stranded on African island after Norwegian cruise ship left without them

A dream cruise vacation has turned into a nightmare for eight passengers left stranded on the African island of São Tomé and Príncipe after their ship left without them because they were late to return from a private tour.

The tourists — six from the U.S. and two from Australia — were aboard the Norwegian Dawn, a Norwegian cruise line ship , which departed from Cape Town, South Africa, on March 20 for a 21-day voyage up the coast of Africa set to end in Barcelona, Spain, on April 10.

But on Wednesday, the group of eight tourists was late to return to the ship by more than an hour for the all-aboard time of 3 p.m. from a private excursion on the island, which was not organized by the cruise line.

Jay and Jill Campbell of South Carolina were part of the group that was left behind.

They said that their tour’s operator notified the cruise captain that they were going to be late to rejoin the ship and that the local Coast Guard tried to get them on the vessel but that they weren’t allowed to board.

As a result, the couple and the rest of the group have been stranded for days on the island off Nigeria, grappling with language, currency issues and complicated travel to catch up with the ship.

“The lovely people of São Tomé were very gracious, very hospitable. They had reached out as much as they could to help us find hotels,” Jay Campbell said on NBC's "TODAY" show Tuesday morning.

“We were able to get to a tour agency there to arrange flights to the next port of call. ... Very difficult process — you’re dealing with multiple languages, language barriers, you’re dealing with different currencies ... finding someone that even has dollars ... trying to get an agent to understand where we need to get to.

"It’s one of those ‘You can’t get there from here,’" he added.

A Norwegian spokesperson called the incident a “very unfortunate situation” and said, “Guests are responsible for ensuring they return to the ship at the published time.”

The cruise line said that after the guests failed to return, their passports were delivered to local port agents, in line with protocol. The company said it was working with local authorities to understand “the requirements and visas needed for the guests to reboard the ship at the next available port of call.”

On Monday, the guests had made arrangements to rejoin the ship in Banjul, Gambia, but the ship was unable to safely dock there because of “adverse weather conditions” and “tidal restrictions,” Norwegian said. The guests were then contacted and provided with information to rejoin the ship at Dakar, Senegal, on Tuesday. 

Jill Campbell said they traveled through seven countries in 48 hours to arrive in Senegal on Monday night.

But the couple was reconsidering whether they even wanted to return to the cruise.

"We are considering whether or not we are going to board the ship. It is in dock here in Senegal," she said. "We believe there was a basic duty of care that they had forgotten about, so it does concern us."

"After what we witnessed, we truly believe that although there’s a set of rules or policies that the ship may have followed, they followed those rules too rigidly. I believe that they really forgot that they are people working in the hospitality industry and really the safety and well-being of the customers should be their first priority," she added.

Ultimately, the eight passengers did rejoin the cruise before 8:30 a.m. ET Tuesday in Dakar, Senegal, Norwegian told NBC News in an e-mail Tuesday evening, after this story originally published.

Norwegian said the passengers were responsible for making their own travel arrangements to rejoin the ship.

"Despite the series of unfortunate events outside of our control, we will be reimbursing these eight guests for their travel costs from Banjur, Gambia to Dakar, Senegal," a cruise line spokesperson said in a statement. "We remain in communication with the guests and are providing additional information as it becomes available."

A silver lining of the catastrophe was that the Campbells were able to connect with another Norwegian Dawn passenger — Julia Lenkoff, 80 — who was also left on the island, but for a medical reason.

Lenkoff was on a different day tour Wednesday. She had "medically disembarked" from the cruise to seek local treatment on that day, Norwegian said.

Norwegian said that its care team tried to call Lenkoff several times and was unable to reach her and that it worked with its port agent in São Tomé and Príncipe for updates on her health.

The Campbells met Lenkoff and were able to put her in contact with her family in California, who flew her home — a move Lenkoff's daughter said "saved her life."

"She's a world traveler. She travels all the time. So this was going to be one of her bucket list trips, because she's been to 120 countries so far, and she wanted to get to 130," her daughter, Lana Lenkoff Geis, said in an interview that aired Tuesday on "TODAY."

Norwegian said Lenkoff was escorted on a flight to Lisbon, Portugal, then put in the care of airport staff members to continue her journey back to the U.S., where she has safely returned.

Breaking News Reporter