Carnival expects to repatriate 21,000 more crew by end of June
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 18 June 2020 18 June 2020
Carnival Corporation & plc, the world’s largest cruise shipping group, said it expects to repatriate a further 21,000 crew members by the end of June, with e.g. counseling being offered to ease their situation.
“The company expects substantially all of the approximately 21,000 remaining shipboard team members to be able to return home by the end of June. The safe manning team members will remain on the company's ships,” it said.
“For those shipboard team members experiencing extended stays onboard, the company is focusing on their physical and mental health. The company is providing most shipboard team members with single occupancy cabin accommodations, many with a window or balcony. Shipboard team members have access to fresh air and other areas of the ship, movies and internet, and available counseling,” Carnival said in a statement.
The company said it is working around the clock with various local governmental authorities to repatriate shipboard team members as quickly as possible. So far, 49 cruise ships have traveled more than 400,000 nautical miles and the company has chartered hundreds of planes to repatriate approximately 60,000 of its shipboard team members to more than 130 countries around the globe.
Carnival sees gradual improvement in 2021 booking volumes
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 18 June 2020 18 June 2020
Bookings for 2021 have started to pick up despite reduced marketing efforts, Carnival Corporation & plc said, adding that at the end of May, about half of passengers whose holiday has been cancelled have asked for a cash refund and the other half future cruise credit (FCC).
“Despite substantially reduced marketing and selling spend, the company is seeing growing demand from new bookings for 2021. For the six weeks ending May 31, 2020, approximately two-thirds of 2021 bookings were new bookings. The remaining 2021 booking volumes resulted from guests applying their FCCs to specific future cruises,” Carnival said..
At the end of May, the current portion of customer deposits was $2.6 billion with $121 million relating to third quarter sailings and $353 million relating to fourth quarter sailings. “The company expects any decline in the customer deposits balance in the second half of 2020, all of which is expected to occur in the third quarter, to be significantly less than the decline in the second quarter of 2020,” Carnival said.
At the same point in time, cumulative advanced bookings for the full year of 2021 capacity currently available for sale are within historical ranges at prices that are down in the low to mid-single digits range including the negative yield impact of FCCs and onboard credits applied, on a comparable basis.
“For the full year of 2021, booking volumes for the six weeks ending May 31, 2020, were running meaningfully behind the prior year. However, the company saw an improvement in booking volumes for the six weeks ending May 31, 2020 compared to the prior six weeks,” Carnival said.
Carnival group plans to axe six ships in next 90 days
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 18 June 2020 18 June 2020
Carnival Corporation & plc, the world’s listed cruise shipping group, said it plans to accelerate disposals of ageing vessels with six vessels to be offloaded in the next three months.
“In connection with its capacity optimization strategy, the company intends to accelerate the removal of ships in fiscal 2020 which were previously expected to be sold over the ensuing years. The company already has preliminary agreements for the disposal of six ships which are expected to leave the fleet in the next 90 days and is currently working toward additional agreements,” the company said, adding that it is also working on potential sales of non-ship assets.
The group has a fleet of about 100 ships.
On the newbuilding side, the company previously had four ships scheduled to be delivered between May and October this year. “The company believes COVID-19 has impacted shipyard operations and will result in delivery delays of the ships this year and is working with the shipyards on revised timing. The company has committed future financing, comprised of ship export credit facilities, associated with these newbuilds,” it said.
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