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.
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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.
CARNIVAL CRUISE LINE’S CELEBRATION KEY WILL SHOWCASE BAHAMIAN CULTURE AND FLAVORS AT LOKONO COVE
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 Offers Update on Special Cruise After Bridge Collapse
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.
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.
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Carnival Corporation Announces New Pier Extension for Celebration Key in The Bahamas - PR Newswire
Carnival Corporation Announces New Pier Extension for Celebration Key in The Bahamas.
Posted: Thu, 22 Feb 2024 08:00:00 GMT [source]
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 Panorama Resumes Service After Emergency Repairs - Cruise Industry News
Carnival Panorama Resumes Service After Emergency Repairs.
Posted: Sat, 23 Dec 2023 08:00:00 GMT [source]
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.
Cruise Fan Builds Massive LEGO Carnival Ship Model
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 Line's Most Recent Announcement May Surprise Some Investors
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.
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.
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.
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 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.
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.
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.
