Carnival Corp Stock Price, News & Analysis

Holland America Line is celebrating its full fleet of 11 ships back in service as of June 12, 2022, with a special promotion called the Celebration Sale. The offer includes discounts of up to 50% on cruise fares, $50 onboard spending credit, and reduced deposits for bookings made by June 30, 2022. Travelers can explore various destinations, including Alaska, Caribbean, and Europe. The Worry Free Promise extends through 2022, allowing flexible cancellations and providing protection against COVID-19 related travel issues.

Holland America Line's flagship Rotterdam was officially named in an elaborate ceremony held on May 30, 2022, in Rotterdam, Netherlands. Her Royal Highness Princess Margriet served as the godmother, marking a significant occasion for the cruise line rooted in Dutch heritage. The ceremony included a gala luncheon and traditional blessings, celebrating the ship's rich history and premium features. The Rotterdam is set to explore Northern Europe and the Caribbean, continuing Holland America Line's legacy since its inception in 1873.

Carnival Corporation & plc has successfully closed a private offering of $1.0 billion in 10.5% senior unsecured notes, due in 2030. These notes will have a semi-annual interest payment starting on December 1, 2022, and are callable from June 1, 2025. Proceeds from this offering are intended for debt repayments in fiscal 2023 and other corporate purposes, including financing property and maintenance costs. The offering was limited to qualified institutional buyers and non-U.S. investors, ensuring compliance with securities regulations.

Carnival Corporation, the world's largest cruise company, has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, marking a significant step toward decarbonizing the global shipping industry. This nonprofit aims to achieve zero carbon shipping by 2050 and will collaborate with Carnival and over 40 partners to develop sustainable solutions. Carnival commits to achieving net carbon-neutral ship operations by 2050 and aims to reduce carbon emissions intensity by 40% by 2030, while leading in the use of liquefied natural gas (LNG) for its fleet.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has priced a private offering of $1.0 billion in senior unsecured notes due 2030 with a fixed interest rate of 10.5% annually. The offering, expected to close on May 25, 2022, aims to refinance debt due in 2023 and fund general corporate purposes. The notes will mature on June 1, 2030 and are callable starting June 1, 2025. The proceeds are intended for debt repayments, vessel-related expenses, and general operations.

Cunard's new luxury cruise ship, Queen Anne, recorded the busiest booking day in a decade, indicating strong demand for the brand. The maiden voyage, departing January 4, 2024, sold out quickly, highlighting particular interest in Princess & Queens Grill Suites. The company has seen three of its top booking periods within the last two years, showcasing a resurgence since the pandemic. Cunard's growth is complemented by its plans for simultaneous operation of four ships for the first time since 1999.

Holland America Line’s Zaandam returned to service on May 12, 2022, at Port Everglades, Florida, marking the re-entry of the cruise line's fleet post-COVID. The ship will operate nine-day Atlantic Coast cruises to Montreal, Canada, through October. Following the repositioning cruise, Zaandam will offer several itineraries, including the 35-day Voyage of the Vikings starting on July 9 and a 71-day Grand Africa Voyage beginning on October 10. The fleet is set to be fully operational by June 12, with the last ship returning to service.

Princess Cruises has launched the Princess Premier, a new premium add-on package priced at $75 per person per day, providing unlimited WiFi, top-shelf beverages, specialty dining, and photos. This package offers a savings of over 50% compared to purchasing amenities separately. Available for sale starting May 25 for voyages from June 25, it includes two specialty dining meals and the chance to win cash prizes up to $100,000. The launch builds on the success of the Princess Plus package, enhancing value for guests.

Mensun Bound, the maritime archaeologist who discovered Shackleton's Endurance ship, will speak onboard Cunard's Queen Mary 2 during a 7-night Transatlantic Crossing from June 24, 2022, to July 2, 2022. He will also join the Queen Elizabeth for a 13-night voyage in 2023, sharing insights from his expedition. Bound's discovery occurred three kilometers beneath the Antarctic ice, with the ship being remarkably well-preserved. Cunard aims to enhance guest experiences by hosting speakers like Bound, known as the 'Indiana Jones of the Deep.'