​Carnival Corporation to Remove 18 Ships From its Fleet in Total

The world’s largest cruise operator, Carnival Corporation, has announced it will be accelerating the removal of cruise ships from its fleet, with a total of 18 cruise ships leaving its global fleet.
 
Previously the cruise giant announced it was planning to dispose of 13 ships, but this number has now increased by five, brining the total number of ships being sold or scrapped to 18.

According to Carnival Corporation, in total the 18 ships represent approximately 12 percent of pre-pause capacity and only three percent of operating income in 2019.The sale of less efficient ships will result in future operating expense efficiencies of approximately two percent per available lower berth day (“ALBD”) and a reduction in fuel consumption of approximately one percent per ALBD.
 
Arnold Donald, CEO, Carnival Corporation, said: “We continue to take aggressive action to emerge a leaner more efficient company. We are accelerating the exit of 18 less efficient ships from our fleet. This will generate a 12% reduction in capacity and a structurally lower cost base, while retaining the most cash generative assets in our portfolio”. 
 
With the current newbuild ships scheduled, with deliveries through until 2022, the company’s global fleet will increase efficiency, with approximately 13 percent larger average berth size. The fleet will also have an average age of 12 years by 2022, compared to 13 years in 2019.
 
Carnival Corporation has not announced which additional cruise ships it plans to remove from its fleet. So far, a total of 11 ships have either been sold or scrapped. These include Costa Victoria, Costa neoRomantica, Oceana, Amsterdam, Rotterdam, Maasdam, Veendam, Carnival Fantasy, Carnival Inspiration, Carnival Imagination and Carnival Fascination.