Carnival Corp. Provides Q3 Business Update

Carnival Corporation & plc Provides a Business Update Carnival Corporation & plc President and Chief Executive Officer Arnold Donald noted “We have come full circle from initiating a suspension in the early days of the pandemic, to transitioning the fleet into a pause…

Carnival Corp. Announces Q3 2020 Losses

Nieuw Amsterdam departing Port Everglades ©CruiseInd

THIRD QUARTER 2020 SUMMARY PRELIMINARY FINANCIAL INFORMATION •U.S. GAAP net loss of $(2.9) billion for the third quarter of 2020, which includes $0.9 billion of non-cash impairment charges. •Third quarter 2020 adjusted net loss of $(1.7) billion. •Cash burn rate…

Blount Small Ship Adventures Folds

Warren, Rhode Island based Blount Small Ship Adventures just announced that they ceased all operations and put all three ships for sale. The line, formally known as American Canadian Caribbean Line, had been sailing small, Jones-act passenger vessels since 1966.…

NCL Reports Q2 2020 Financials

Norwegian Cruise Line Holdings Ltd. today reported financial results for the second quarter ended June 30, 2020. “In recent weeks, we have taken further action to bolster our liquidity position in response to the COVID-19 global pandemic, including our highly successful $1.5…