39.62 -0.14 (-0.35%)
Pre-Market: 5:21AM EDT
|Bid||39.63 x 1800|
|Ask||39.53 x 1400|
|Day's Range||39.73 - 40.40|
|52 Week Range||38.11 - 61.59|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||9.01|
|Earnings Date||Dec 18, 2019 - Dec 23, 2019|
|Forward Dividend & Yield||2.00 (5.03%)|
|1y Target Est||44.00|
VALENCIA, Calif. , Oct. 11, 2019 /CNW/ -- Today, luxury cruise line Cunard celebrated the beginning of construction on the line's 249th ship with a steel cutting ceremony at Fincantieri's Castellammare di Stabia Shipyard in Italy . The first piece of steel cut will be used as a sculpture displayed on the new ship for guests to enjoy and marks a landmark moment in the company's 179-year history. The steel cutting ceremony marks the commencement of the building process for Cunard's new ship, which is set to join the fleet in 2022.
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Carnival Cruise Line announced that it will resume regular calls to the city of Freeport on Grand Bahama island starting Friday. The cruise line, a subsidiary of Doral-based Carnival Corp. (NYSE: CCL), has avoided this particular area of the Bahamas since the former Category 5 storm Hurricane Dorian made landfall in early September. The cruise company resumed calls at ports at Nassau and Carnival's two private islands Half Moon Cay and Princess Cays a little over a week after the storm passed.
MIAMI, Oct. 9, 2019 /PRNewswire/ -- Carnival Cruise Line announced today that it will resume regular calls to Grand Bahama beginning this Friday, Oct. 11, when Carnival Pride will dock in Freeport. Carnival Elation will follow on Sunday, Oct. 13 and Carnival Freedom on Tuesday, Oct. 15. Carnival Pride departed Baltimore on Sunday, Oct. 6 on a week-long cruise with nearly 2,400 guests.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he doesn't understand how New Relic Inc (NYSE: NEWR ) could have such a degradation. Leidos Holdings Inc (NYSE: LDOS ) is a winner and it ...
A caller during the Lightning Round of Mad Money on Monday night asked Jim Cramer about Carnival Corp. : "This is having a hard time, but it yields 5% and I'd buy it," he said. In this daily bar chart of CCL, below, we can see that prices have been cruising lower the past 12 months. The daily On-Balance-Volume (OBV) line has been in a downtrend from March and it tells us that sellers of CCL have been more aggressive.
NYSE: CUK), the world's largest leisure travel company, today officially began construction of the cruise industry's first cruise terminal in Japan, located at the port of Sasebo, with a groundbreaking ceremony attended by government, business and community representatives. In attendance for Carnival Corporation were Remco Buis, senior vice president port operations and development, and Paul Chong, vice president of business development for Carnival Asia, as well as representatives from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT), and the city of Sasebo.
SANTA CLARITA, Calif. , Oct. 4, 2019 /PRNewswire/ -- The name of the sixth Royal-Class cruise ship for Princess Cruises was revealed today – Discovery Princess . The fastest growing international premium ...
SANTA CLARITA, Calif., Oct. 3, 2019 /PRNewswire/ -- To thank the local community of Ketchikan, Alaska for supporting Princess Cruises over the last 50 years, the cruise line recently hosted a special golden anniversary ceremony at the Ketchikan Visitors Bureau to dedicate a specially-crafted totem pole to this charming coastal town. The Masters of the Sea totem pole, now permanently housed at the Ketchikan Visitors Bureau, was crafted by local carver, Kelly White.
"Nobody wants to be in federal court in Miami — or anywhere else." That was Carnival Corp. CEO Arnold Donald speaking at Skift Global Forum in September. But back in Miami federal court was exactly where he was on Wednesday, along with chairman Mickey Arison and other Carnival executives. They were there to detail the […]
SANTA CLARITA, Calif., Oct. 1, 2019 /PRNewswire/ -- Enthusiastic guests onboard Star Princess selected vocalist Phillip Browne as the newest Princess Cruises Entertainer of the Year. Four finalists were selected from the hundreds of talented performers — comedians, magicians, vocalists, tribute bands and novelty performers — which entertain guests on Princess Cruises' stages each year. Guests onboard the Sept. 22 Star Princess seven-day cruise along the Northern California Coast enjoyed live performances from each finalist.
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With the proliferation of automatic tipping and extra charges for everything from spinning classes to cappuccino, it’s little wonder that base cruise fares seldom reveal the actual cost of the voyage. While most luxury cruise lines still offer all-inclusive pricing, those in the mass-market and premium categories have embraced the concept of onboard charges, said […]
MIAMI, Sept. 30, 2019 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK) today announced its relief effort collected an estimated 10 million pounds of food and supplies for The Bahamas. In partnership with Tropical Shipping, the program began Sept. 4, three days after Hurricane Dorian struck the northwestern part of The Bahamas, and generated an outpouring of generous donations that has filled over 250 shipping containers.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Carnival Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
(Bloomberg Opinion) -- Cruise ships are big business for port cities around the world. But starting next year, Cannes, one of the world's most famous ports-of-call, will no longer welcome them unless they comply with strict pollution controls. Passengers who choose to sail on dirty vessels will have to disembark elsewhere.So far, the industry doesn't seem worried. It should be. Increasingly, consumers are voicing concerns about the environmental effects of their travel and pressuring companies that don't meet their heightened standards. In Europe, "flight shaming" has dented airlines’ earnings as travelers look for low-carbon alternatives. The cruise industry, far less necessary to the global economy than air travel, is vulnerable to a similar change in consumer sentiment – and may not be prepared for it.For now, the cruise business has reason to feel confident. It occupies a small niche of the travel industry – about 2% of the global market – but its popularity is on a decadal upswing. Passengers increased from 17.8 million in 2009 to 28.5 million last year, generating about $45 billion in revenue. In China, passenger growth has exceeded 40% annually since 2006.Remarkably, all that growth has come despite decades of bad headlines about the industry's environmental impact. As far back as the 1990s, stories circulated about illegal waste dumping from cruise ships, including some 100 "instances of illegally discharging oil, garbage, and other harmful substances into U.S. coastal waters." In 2016, Princess Cruise Lines pleaded guilty to seven felony charges and agreed to pay a $40 million fine for illegally dumping waste. This year, its parent company was fined an additional $20 million for discharging plastic, falsifying records and otherwise violating the terms of the 2016 conviction.Meanwhile, the list of environmental problems associated with cruise ships has expanded. One problem is that, until recently, most of these ships were built to run on a thick, sulfur-rich byproduct of the fuel-refining process. According to one analysis, ships docking in Barcelona emitted five times more sulfur oxides than did the city's 560,000 cars. That should soon start to improve, thanks to a global agreement capping sulfur emissions. But even good environmental news for the cruise business often comes with caveats. Among the cheapest and most popular means of reducing sulfur emissions – so-called scrubbing technology – is banned at a growing number of ports because it entails significant waste-water discharge.Although there’s little hard data on the industry’s carbon footprint, climate-conscious consumers have no doubt noticed that newer ships resemble giant floating cities. Royal Caribbean’s famous Symphony of the Seas has enough room for nearly 7,000 passengers. By one estimate, each of those passengers will have a carbon footprint at sea that’s about three times what it would be on land. Carnival Corp., the world’s biggest cruise company, reports that its greenhouse-gas emissions ticked up by more than 3% between 2015 and 2018, to 10.6 million metric tons.Few industries could expect to thrive with reputational risks like these. And the cruise industry shouldn't expect its free ride to continue. Although ocean pollution might’ve been a minor issue even five years ago, these days it risks the kind of wrath that plastic-straw manufacturers have recently faced. Climate change is also a mainstream issue that – thanks in part to "flight shaming" – consumers now feel empowered to confront head-on. And travelers worldwide are increasingly willing to pay for sustainability; in China, for instance, 78% of consumers say they’re willing to pay more for environmentally responsible travel companies.Governments aren't oblivious to these developments. Increasingly, like Cannes, they're showing a willingness to enforce what's becoming a public demand. For the cruise industry, that should serve as a warning. Global travelers may not yet be ready for a "cruise shaming" movement, but they're close.To contact the author of this story: Adam Minter at firstname.lastname@example.orgTo contact the editor responsible for this story: Timothy Lavin at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Adam Minter is a Bloomberg Opinion columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade” and the forthcoming "Secondhand: Travels in the New Global Garage Sale."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.