Carnival shareholders told to oppose $15m pay bonanza for cruise boss CARNIVAL CONFLICT Cruise ship operator Carnival has scrapped its pay rules to dish out a bonus worth $15m (£11.4m) to its chief executive, in a move set to infurirate shareholders. The owner of P&O Cruises granted a $6m bonus to Arnold Donald, despite standard performance criteria not being met, The Sunday Times reported. The cruise boss was [...]
Carnival loses two ships as pandemic continues to beat sector Cruises The pandemic continues to hit hard the cruise sector, forcing giants such as Carnival to restructure their fleet. The firm announced today that two of its US ships, Carnival Ecstasy and Carnival Sensation, will leave the fleet, while some of the routes they were on will be cancelled. After initially reporting that Carnival Sensation’s restart [...]
Early Covid hotspot the Diamond Princess won’t return to sailing until 2022 Covid cruise ship the Diamond Princess won't return to sailing until 2022 The Diamond Princess cruise ship, which became one of the earliest hotbeds for coronavirus infections when the pandemic broke out last year, will delay its return to sailing to spring of 2022, vessel operator Princess Cruises said today. Carnival-owned Princess Cruises said it had canceled the ship’s planned fall cruise in South America that was [...]
Open waters: International cruises to welcome passengers again July 29, 2021 International cruises will be allowed to restart next Monday after an extended break due to the coronavirus crisis. Months after domestic cruises restarted, international cruise lines operating in EU, UK, and US waters are finally allowed to welcome passengers onboard at 4am on 2 August but many companies say this won’t be possible until later [...]
Carnival to sell $500m in shares as cruises restart June 28, 2021 Cruise giant Carnival today said that it would sell $500m (£359.6m) worth of shares as it seeks to raise yet more cash amid the coronavirus pandemic. Over the last year the firm has already raised $2.5bn in order to stay afloat while sailings were cancelled due to travel restrictions. As of last week, however, Carnival [...]
Carnival to resume cruises in the US later this year June 19, 2021 Cruise operator Carnival is pressing ahead with plans to sail from the US later this year, as Covid restrictions in the country are eased. Carnival has announced plans for eight of its ships to sail from California and Florida from September. The world’s largest cruise operator will sail from Los Angeles to Mexico and Hawaii [...]
Cunard and Princess owner Carnival refuses to rule out vaccine passports for cruises April 7, 2021 Cunard and Princess owner Carnival refuses to rule out vaccine passports for cruises
P&O will only accept vaccinated passengers for summer cruises March 17, 2021 Passengers embarking on P&O cruises around the UK this summer will have to have had two doses of a Covid-19 vaccine, the Carnival-owned firm said this morning. Announcing a new programme of cruises to start from June, the company said: “Given the advanced progress of the UK vaccination programme, and strong expressed preference on the [...]
Cruise ship operator and Diamond Princess owner Carnival posts $2bn loss January 11, 2021 Cruise ship operator and Diamond Princess owner Carnival posts $2bn loss
Coronavirus: Carnival shares sink as cruise operator raises equity April 2, 2020 Cruise ship owner Carnival saw its shares sink over 8 per cent this morning after the firm said it had raised new equity at a higher cost than expected as the firm covers itself against the coronavirus disruption. Although its cruise ships are currently moored due to extensive restrictions on travel, the firm managed to [...]