Carnival Plc Stock Price, News & Analysis

Holland America Line's Westerdam returned to service on June 12, 2022, marking the completion of its fleet's full operational status after a two-year pandemic pause. This milestone follows the restart of cruising for the brand in July 2021. The ship will offer a seven-day cruise to Alaska and will subsequently reposition for a 36-day journey to Sydney, Australia, making 17 stops at various islands. The fleet now includes all 11 ships operational, enhancing its offerings in global cruising.

Holland America Line announces a partnership with the Alaska Seafood Marketing Institute (ASMI) to promote sustainably sourced local seafood during Alaska cruises. This collaboration, marking the first of its kind between ASMI and a major cruise line, aims to enhance guest experiences aboard its six ships, using over 4,000 pounds of sustainable seafood per cruise. The partnership will launch on July 5, featuring local chefs and seafood events. The Alaska seafood industry significantly contributes over $5.7 billion to Alaska's economy, highlighting the importance of sustainable practices in the region.

Seabourn is celebrating the return of its entire fleet with the Seabourn Sojourn departing from Athens, Greece on June 6, 2022. This marks the first time since March 2020 that all five ultra-luxury ships are operational. Seabourn Sojourn will offer summer Mediterranean cruises, featuring 7-day voyages from Barcelona to Rome and a special 21-Day Mediterranean Tapestry round trip from Barcelona starting July 17. The ship will also embark on a 140-Day World Cruise beginning January 6, 2023.

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.