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Carnival removing 13 ships

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Carnival removing 13 ships from its fleet, delaying delivery of 16 newbuilds VESSELS The world’s largest cruise liner company Carnival Corporation is about to shed 13 ships from its fleet though demolition and sales deals as it works on cutting maintenance costs and curbing the impact of the COVID-19 pandemic on its business. Carnival like many of its counterparts from the cruise industry sector suspended sailings in March due to traveling restrictions across the globe aimed at minimizing the spread of the virus. The company has reached agreements to dispose of nine ships, which were previously expected to be sold over the coming years. Furthermore, speaking at a conference call on Friday, July 10, Carnival’s President and Chief Executive Officer  Arnold Donald  said that the company is negotiating the delay in delivery of 16 ships on order as part of its efforts of reducing capex in the upcoming period. “We expect to reduce ship deliveries through the end of fiscal 2021 from ...
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