Carnival Corporation will downsize its fleet by 12%. The phasing-out plan announced last week, involves 18 vessels and will enable the cruise group to cut operating costs and contain losses.
The fate of many of these is already known: The Costa Atlantica and the Costa Mediterranea will join the CSSC Carnival Cruise Shipping Limited fleet, a joint venture set up at the beginning of the year targeting the local Chinese market.
Other units are about to be scrapped: the Carnival Fantasy, the Carnival Inspiration, the Carnival Imagination and the Costa Fascination, all four sent to Aliaga, Turkey, for dismantling. The Costa Victoria, entrusted to the San Giorgio del Porto shipyards, will also suffer the same fate, while the Neoromantic Coast has been sold to Celestyal Cruises.
The company, which recently closed its third quarter with a $1.7 billion loss, also announced the sale of two P&O Australia vessels (the Pacific Dawn and the Pacific Aria) to the UK cruise line Cruise & Maritime Voyages, which is insolvent.
Holland America Line will sell two of its ships, the Amsterdam and the Rotterdam, to Fred. Olsen Cruise Line, while two other vessels, the Maasdam and the Veendam, will pass to Mediterranean Dream Inc.
Recently, the Carnival group sold two more cruise ships to an unnamed client: the Sea Princess and the Sun Princess, Princess Cruises vessels from 1995 and 1998
Translation by Giles Foster