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It's not a good time for the cruise industry: cruises are canceled through the summer following the Covid-19-induced widespread halting of sailings. Connect with friends faster than ever with the new Facebook app.

View our latest valuations here. Carnival Horizon – which set sail in April 2018 – is one of the fleet's newer ships. Related: Is cruising done until 2021? The company planned for 13 ships to be delivered by 2022 but has curtailed that to nine ships and two smaller expedition vessels. In the report, Carnival also discussed the economic impact of a string of canceled cruises.

“We’ve shed less-efficient vessels and lowered our overall cost basis, we reduced near-term capacity, and going forward will introduce newer, far more efficient vessels over time in line with demand generation.”. “Our business relies solely on leisure travel, which we believe has historically proven to be far more resilient than business travel and cannot be easily replaced with video conferencing and other means of technology,” Donald said. The Carnival cruise ship is the second oldest in the fleet and entered service in 1991. Related: How to book a cruise with points and miles.

All nine of the Carnival Corporation brands halted departures in mid-March due to the crisis, and many have canceled all sailings into September or October. CCL's Mediterranean program (Carnival Legend) was cancelled.

Based in Miami, Carnival Corporation is the parent company of Carnival Cruise Line, Holland America, Princess Cruises, Seabourn and five other brands that went into the coronavirus crisis with a combined fleet of 104 ships.

The company did not reveal which ships would be sold or scrapped. The Carnival Mardi Gras has a construction date of 2020 and a total size of 183,900 gross tons. The departure of 13 vessels at once is unprecedented in the company’s history. I would like to subscribe to The Points Guy newsletters and special email promotions. Vasco da Gama, built in 1993, was previously Holland America's Statendam and P&O Cruises Australia's Pacific Eden. Carnival Australia (ships Carnival Spirit and Carnival Splendor) was scheduled to resume voyages on November 1 (respectively, from homeports Brisbane and Sydney), but in late-August their operation pause was extended through December 2. By 2022, the average age of Carnival Corp. ships will be reduced from 13 to 12 years. CMV also operates a former Carnival ship, MS Magellan, previously known as Carnival Holiday. “The new ships are just far more efficient,” Donald said. Another passenger passed away from Covid-19 upon returning home from Italy to Australia. Adapters are available on these ships for purchase if needed. Carnival Corp. made the announcement as part of a financial summary in a filing to the SEC.

“Our portfolio includes many regional brands, which clearly position us well for a staggered return to service in the current environment.”. Vista also saw an overdue jump, improving by .07 points and rising from 7th to 2nd. The currency used on most Carnival ships is U.S. dollars.

Here’s how long it will take, Some of the year’s hottest new ships could be delayed, Stream these 13 movies, television shows to get your cruise ship fix, 60,000 points, 5 bonus categories: Why the recently refreshed Citi Premier is so compelling. “We would regulate (capacity) by disposing of less efficient ships rather than trying to avoid bringing on the new ships.”. The Points Guy will not sell your email. Since cruising ground to a halt in mid-March due to the COVID-19 pandemic, Carnival Corp. has taken actions to preserve cash and secure additional financing to increase its liquidity.

This has earned them the title 'World's Most Popular Cruise Line'. While Carnival has yet to identify any of the ships set for decommissioning, the Costa Victoria's fate was called into question when the mayor of Italian town Piombino, Francesco Ferrari. As of August 31, 2020, approximately 45 percent of guests affected by the company's schedule changes have received enhanced FCCs, and approximately 55 percent have requested refunds. “Our long-term prospects are especially bright,” Donald said. “We are accelerating the exit of 18 less-efficient ships from our fleet.

The ship could then sail on for years to come. Donald said it would amount to a nearly 9% reduction of capacity at the combined brands. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. “We will emerge with a more efficient fleet, with a stretched-out newbuild order book and having paused new ship orders, leaving us with no deliveries in 2024 and only one delivery in 2025, allowing us to pay down debt and create increasing value for our shareholders,” Donald said. Carnival Corp. to Further Downsize Fleet, Disposing of 18 Ships. The fleet includes MV Vasco da Gama -- which hit the headlines back in March when passengers were quarantined in Australia's Rottnest Island in the wake of the pandemic. The company said it is unable to predict when the entire fleet will return to normal operations, although a Carnival Cruise Line representative hinted at a possible return with short cruises in November. Carnival Corporation recently announced in a press release detailing its second quarter financial summary that it anticipates removing six ships from its fleet over the next few months.

Donald objected to the analyst’s use of the word “scrapped,” which is a common term used in the shipping industry for what happens when a ship is taken apart after its useful life. Still, Donald said the company would return to growth mode soon enough. Costa Victoria at the port of Civitavecchia on March 25, 2020.