🎰 Annual Reporting | Carnival Corporation & plc

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Members of media gather at the Diamond Princess cruise ship, operated by Carnival Corp., docked in Yokohama, Japan, on Friday, Feb. 7,


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Carnival hits back at US advisory | TTR Weekly
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CRUISING WITH CORONAVIRUS - March 2020 Bahamas Cruise Vlog

News Tips Got a confidential news tip? Both Royal Caribbean and Norwegian Cruises have pulled on fresh lines of credit to weather the storm. That was the death blow," Ceren said. He said cruise operators should introduce aggressive requirements for travelers "at the peril of that industry collapsing. Market Data Terms of Use and Disclaimers.{/INSERTKEYS}{/PARAGRAPH} Cutro said the company is compensating them for at least some of the trip, but the decision to cut the trip short wasn't easy, he said. Gavin Newsom said he is weighing cruise restrictions along the California coast as he awaits new federal guidelines for the industry. All three publicly traded cruise line companies, including Norwegian Cruise Line and Royal Caribbean , were left with little choice but to suspend voyages as the authorities threatened to crack down. As the virus continues to sweep across the world, he thinks he made the right decision. His mind was already made up. Related Tags. It was the end of February, he said, and ports around Southeast Asia were turning the ship away, fearing a situation similar to that which occurred earlier in February when an outbreak spread aboard the Diamond Princess in Japan. California Gov. Skip Navigation. On Saturday, Pence even hinted that the cruise lines could receive financial assistance from the federal government. The federal government shut airports after the attacks; passenger demand plummeted; and businesses suspended non-essential travel. The increasing debt is nothing to be concerned about yet, said Colin Mansfield, director at Fitch Ratings, who has experience covering the cruise industry. Ceren, however, predicts the cruise lines will recover. Get In Touch. It started with the Diamond Princess, a vessel operated by Carnival Corp. Its 3, passengers and crew were quarantined at a Japanese port on Feb. The dramatic situation aboard Princess Cruises' ships and the response by authorities has brought the entire cruise-line industry to its knees. Two of her clients were actually stuck at sea. He added that if the outbreak is just a near-term shock to the industry, they'll likely recover quickly once it's under control. Data also provided by. More than 1, crew remained aboard the ship, which is anchored in the bay. We want to hear from you. Key Points. They have already dropped ticket prices to entice customers on trips once the pandemic is under control. Amid the rapid spread of the virus on ships and on-board quarantines, the State Department last week warned Americans against traveling by cruise ship. More than passengers and crew on the ship ultimately tested positive for the novel coronavirus, known as COVID, and at least 8 died. Carnival Corp. Ray Cutro, 73, and his wife Arline ultimately made the decision to abort their four-month Viking cruise trip around the world. Members of media gather at the Diamond Princess cruise ship, operated by Carnival Corp. A company spokesman told CNBC that the cruise industry has taken proactive steps to provide a level of advanced screening, pre-boarding and on-ship health and safety protocols. The Japanese government and other nations eventually evacuated their citizens from the vessel. {PARAGRAPH}{INSERTKEYS}Jackie Ceren has seen a lot in 41 years working in the travel industry, but she's never seen anything like what's happened to the cruise industry since the outbreak of the deadly coronavirus. Passengers have fallen ill and died as cruise ships become the sites of epidemics. They were just over two months in, Cutro said, and the ship was sailing around Australia trying to re-chart a course that avoided China, then the epicenter of the new coronavirus pandemic. Get this delivered to your inbox, and more info about our products and services. The message was, "you can get off or you can stay on, but we don't know where we're going," Cutro recalled. Customers, investors and authorities have a lot of questions about how Princesses Cruises was hit so hard by the virus and what it means for the the future of the cruise industry. Another Carnival-owned ship, the Grand Princess, was forced to moor off the coast of California when 21 people tested positive for the virus. I've seen it all. Sign up for free newsletters and get more CNBC delivered to your inbox. Every booking she had has now canceled. The captain called an all-hands meeting with the passengers, Cutro said, adding that the captain and company handled the situation well. CNBC Newsletters. Markets Pre-Markets U. The fallout from the deadly Princess Cruises fiasco wasn't limited to Carnival Corp. All Rights Reserved. Ceren compared the buckling of the cruise lines with the devastating impact of the Sept. Leaders of the cruise industry including Carnival Corp. According to Ceren, the coronavirus has been even worse for the cruise lines. The Viking Sun voyage was supposed to set a record for the longest continuous passenger cruise trip ever.