Fincantieri says Virgin Cruises deal to be finalised in final quarter 2015

Fincantieri, the Italian shipbuilding group that is world leader in cruise ship construction, and Virgin Cruises, brand of Virgin Group and new cruise operator, expect to finalise an order for thee 110,000 gross ton ships in the final quarter of this year, Fincantieri said in a statement.

“The agreement, subject to the satisfaction of the usual customary conditions, is expected to be finalized in Q4 of 2015,” Fincantieri said in the statement. The two companies signed a binding letter of intent earlier today to build the three ships.

Virgin Cruises to order three 110,000 gross ton ships, first to be based at Miami

Virgin launch picture 1000pxA

Virgin Cruises has selected PortMiami as the home port for its first cruise ship that will set sail in 2020 and has signed a binding letter of intent with Italian shipbuilding company Fincantieri for three new mid-size ships, its London based parent company Virgin Group said in a statement.

“Virgin Cruises’ three new mid-size ships, of about 110,000 gross tons each, are slated for delivery in 2020, 2021 and 2022. Each ship will feature 1,430 guest cabins to host more than 2,800 guests,” Virgin said.

“There will also be 1,150 crew on board to look after the guests and deliver the Virgin service. Embarking from PortMiami, Virgin Cruises plans to offer a range of seven-day Caribbean itineraries, with a Sunday sail date,” the company said.

image002

Carnival shares edge lower despite robust interims

Shares in Carnival Corporation, the US constituent of the Anglo-American Carnival Corp & plc group, have failed to rally at the US market open despite unaudited quarterly earnings coming in significantly above expectations.

It posted an EPS of 25c a share compared  to the average market forecast of about $0.16c.

“The problem is that CCL (Carnival Corp & plc) also posted a raft of guidance for full-year 2015, including Q3 2015 non-GAAP EPS of $1.56-$1.60, and FY non-GAAP EPS of $2.35 to $2.50, that looks somewhat off course, compared to consensus,"  said Ken Odeluga, a senior market analyst at Cityindex in London.

Shares in Carnival Corporation fell 0.9% to trade at $49.46 on the New York Stock Exchange on Tuesday morning local time, while Carnival plc, the UK based and London listed holding company, lost 0.2% to £32.80 by late afternoon local time.