In cutting its 2019 earnings guidance, Carnival Corp. & plc said its Continental Europe brands have been facing heightened geopolitical and macroeconomic headwinds that are impacting this year's performance.
Galveston-based Carnival Vista has been experiencing an issue affecting its maximum cruising speed. As a result, the June 22 and June 29 sailings are being revised, and the July 6, July 13 and July 20 cruises have been canceled. The ship will be out of service 17 days.
Carnival Corp. & plc shares tumbled 8% in pre-market trading Thursday as the company cut its full-year outlook on lower yields in Continental Europe and Asia, offsetting the strength in North America. This overshadowed a higher than expected second quarter profit.
The Panama Canal Authority's board of directors approved a proposal to modify the Panama Canal tolls system and the regulation for the measurement of vessels, to be effective Jan. 1, 2020. Most market segments are affected.
Norwegian Cruise Line Holdings shareholders voted four directors to continue serving until 2022 at the company's annual meeting on Friday in Miami.
To incentivize cruise lines to homeport in Panama, President Juan Carlos Varela issued a decree authorizing reimbursement for the cost of one Panama Canal transit.
Lindblad Expeditions Holdings commenced an exchange offer and consent solicitation inviting holders of its publicly traded warrants that were issued in connection with the company's initial public offering to receive 0.385 shares of its common stock in exchange.
Royal Caribbean Cruises Ltd. Chairman and CEO Richard Fain entered into a pre-arranged stock trading plan that provides for the sale of up to 240,000 RCL shares between July 2019 and June 2020.