When it comes to investing in the cruising space investors essentially have one of three choices— Carnival or its peers, Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH).

There were several analyst downgrades, Carnival sold off some ships, Norwegian Cruise Line executed a secondary stock offering, and the U.S. Centers for Disease Control and Prevention (CDC) once again extended the "No Sail Order" that will keep ships from sailing on stateside voyages anytime soon.

There are 6 big breaking cruise news items, and stories, that you need to know about this week. We are evaluating the CDC’s new order that sets out the conditions under which cruising can resume, but there are a significant number of requirements that must be evaluated in the context… Read Full Story, Carnival Cruise Line has notified guests and travel agents that it is cancelling the remaining cruises for the six total ships operating from PortMiami and Port Canaveral for November 2020.

The company recently raised $2.5 billion, which should keep it afloat in the near-term as it waits for travel restrictions to loosen. (305) 599-2600 ext. So, we need to watch how this plays out as it could have a big impact on timing of their return to service. In the Friday order, the CDC said it received nearly 13,000 comments from members of the public, the cruise industry, seaport authorities and others in response to a request for information published in the Federal Register on July 20 seeking opinions on cruise-ship operations. See you at the top! It was weighed down later in the week after pricing 16.7 million shares in an underwritten public offering at $15 a share.

Carnival Cruise Line welcomes guests with disabilities aboard its ships and has worked hard to make sure this website works well for all visitors. Markus said the order was “not justified.”, “The market has already reacted to this,” Kelly said. Actions of Carnival, (NYSE: CCL) (NYSE: CUK) and Norwegian Cruise Line (NASDAQ: NCLH) decreased by 3% and 7%, respectively. The Pros, Cons and Who They are Best Suited For.

Nightmare at Sea: Carnival Cruise Liner Nears Port - ABC News

Carnival has already restarted cruises on its Costa Cruises line in Italy and plans to restart its first cruise on its AIDA line in Italy on Saturday. 7 asymptotic cases were identified. In the run up to the shutdown, any case on a ship would have sent entire ships into lock down and all guests being quarantined for extended periods of time. Connect with friends faster than ever with the new Facebook app.

Include pertinent information such as the device, web browser and accessibility software you're using, plus the specific address (URL) of page(s) on this website that aren't working as expected. Finally, the CDC extending the "No Sail Order" to the end of September isn't a surprise. He's been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service's inception.

When Should You Pay Cruise Gratuities? Magic pipes are ship systems rigged to bypass pollution prevention equipment so that oil and other wastes can be dumped directly into the ocean.

“We’ll see what comes from these allegations.”.

SeaDream will be the first cruise line definitely sailing in the Caribbean.

48 Years of Fun: A History of Carnival Cruise Line, Carnival Cruise Line Statement on CDC No Sail Order, Carnival Cruise Line Cancels Miami and Port Canaveral Cruises for November 2020, Carnival Cruise Line’s Next Excel-Class Ship to be Named Carnival Celebration, Carnival Cruise Line Joins Industrywide Pause in U.S. There’s a chance cruising will rebound, and if that scenario plays out CCL stock will be an absolute winner. Gary Bembridge’s Tips For Travellers aims to help you make more of your precious travel time and money on land and when cruising the oceans or rivers of the world. The cruise industry was among the first to feel the economic impact of the coronavirus pandemic, and it's been reeling ever since. Carnival Stock Is the Best of a Bad Bunch, 20 Stocks to Buy If You’re Still Betting on America to Thrive, 8 Tech Stocks Of Tomorrow Investors Should Buy Today, Louis Navellier and the InvestorPlace Research Staff, 4 Stocks to Build a Better Growth Portfolio — With Income, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Strong Nasdaq Stocks to Buy Before They Keep Marching Higher, 20 Election Stocks to Buy if Joe Biden Wins in 2020, Pick Your Entry Into Palantir Stock With Confidence.

There’s a chance Carnival is buffering its cash coffers because it’s expecting a sudden wave of refund requests. Korean Air Club Business Class Seats (Photos, Review and Video), ATHENS, GREECE: Observations and top tips for visitors, The Differences Between Mekong and European River Cruises. It now looks like the Antarctica season for 2020 / 2021 will not run at all. Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Let’s start with some good positive cruise news about Caribbean cruising. There are a significant number of people that would have cruised that will not want to any longer, and demand will be lower as new protocols will also mean many people will hold back until cruising returns more to the way it was previously.

The Antarctica season runs from end October to early March.

“This could have a huge negative impact on the company.”.

Copyright © 2020 InvestorPlace Media, LLC. Returns as of 11/02/2020. This was confirmed this week as the cruise corporations updated on their financial performance, as required by law.

AIDA Cruises ist eine Marke des britisch-amerikanischen Kreuzfahrtunternehmens Carnival Corporation & plc für den deutschsprachigen Markt. Carnival pulled all of its ships out of U.S. waters in June right before the CDC began to publish COVID-19 infection levels on cruise ships. Guests are…, Carnival Cruise Line will be notifying guests and travel agents on Tuesday of revisions to the delivery of its newest ship, Mardi Gras, as well as the transformed Carnival Radiance – both resulting from the COVID-19 pandemic – and new itineraries for Carnival Breeze and Carnival Magic that are all part of an updated deployment…. However, it’s worth considering that the novel coronavirus could completely reshape the industry— perhaps ending cruising as we know it forever. © 2020 Carnival Corporation. Prosecutor Richard Udell from the Department of Justice environmental crimes section raised concern about two of the incidents in Hutchinson’s queue: an allegation that the company’s investigations are influenced by one of its executives, Chief Maritime Officer Bill Burke, and an allegation that Burke continues to perpetuate a blame culture.

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Royal Caribbean, for example, says it's looking to resume operations for the majority of its fleet on December 1.
Contact us if you have any questions or concerns. Carnival will need to employ more people and spend to protect passengers — but where is it going to come up with all of that money. The UK Government currently advises against any form of ocean cruise travel, which means any UK guests joining the ship would have to have taken out special travel insurance from an insurer willing to cover travellers cruising against government advice. All the crew were tested and no other cases were identified on that sailing. He held firm to his neutral rating on the world's largest cruise-line operator but painted a grim picture of how weak earnings will be in the future. While the broader market has recovered somewhat from the March stock market crash, Carnival and its peers have continued to suffer. Seitz made the announcement at a status conference Friday in the company’s ongoing criminal case for environmental crimes. While passengers seem to be willing to forget the episodes that transpired at the height of the pandemic, another Covid-19 outbreak would be a public relations nightmare. All rights reserved.

When it reported earnings for the quarter on October 8, Carnival said it was burning an average of $770 million each month. Royal Caribbean (NYSE: RCL).

There's More Bad News for Carnival, Royal Caribbean, and Norwegian Cruise Line Investors Despite their buoyant share prices, the recent developments for the cruise … But consider this possibility — perhaps a large proportion of those people haven’t had time to rebook. I'm a reporter at Forbes focusing on markets and finance. It sailed out of Genoa on a 14-night itinerary visiting Italian and Greek ports. Carnival are working to try and get the order down to just two-weeks notice.

Both are being handled by an outside lawyer, according to court documents filed by the company. Carnival has been on probation since April 2017 after pleading guilty to environmental crimes — dumping oily waste into the ocean for a period of eight years from its Princes Cruises ships — and paying a $40 million fine. Normal policies are invalid if you travel against your government’s advice. If Carnival does survive coronavirus, I think there will be plenty of time to buy before CCL stock recovers. While a few lines catering for European guests, like CroisiEurope, have been sailing, the major lines that are mostly filled by US, UK and Australian guests have confirmed no river cruises for 2020. He also sees the industry's leading players likely raising debt or equity to stay afloat, and that's not going to come cheap in a distressed travel market. Copyright © On Friday afternoon, the Centers for Disease Control and Prevention issued a new conditional sail order that provides a framework allowing for a "phased resumption" of cruise-ship passenger operations after the current no-sail order expires on Saturday.

Let's conquer your financial goals together...faster. These are all year round between Bergen in the south and Kirkenes on the Russian Border. It was wave after wave of downgrades for the cruise-line operators this week. There is now a dedicated Expedition Company, focusing on areas like the Arctic, Antarctica, Greenland, British Isles and South America.

It's unclear still how long it may take for cruise-liners to actually resume operations under the new CDC guidance, though some have set targets. Will they have enough money? An aerial image of Royal Caribbean International cruise ship Ovation of the Seas sitting empty of ... [+] passengers in Sydney Harbour on March 21 in Sydney, Australia.

The CDC issued a no-sail order for the industry on March 14, essentially halting the industry's main revenue source. 1125 N. Charles St, Baltimore, MD 21201.

The concern is that the inability to cruise for almost a year will lead to huge demand and push fares up. “As the chief maritime officer for the company, he continues to drive positive change in every element of our operation,” said Frizzell. Those guests were isolated and disembarked in Palermo in a agreement with Italian authorities. These aren't safe stocks at the moment, but with all three stocks well off their highs, the recovery doesn't have to be perfect. The first whiffs of a turnaround will get investors and speculators excited again. Many of them are off the coast of the Bahamas waiting to return to start sailing out of US ports. As of this writing, Laura Hoy did not hold a position in any of the aforementioned securities. The stock made its way lower on the news, but there was a nugget of hope mixed with the gloomy message. The new protocols are showing promise that a less draconian, but effective way, to manage outbreaks is workable. “Obviously we want to honor what we said in the pause priority plan,” he said. But I believe there’s a much larger chance that demand for cruises will all-but evaporate even when travel restrictions have lifted. That’s because uncertainty looms over the future of the industry — will people be too afraid to travel? Cumulative Growth of a $10,000 Investment in Stock Advisor, More Bad News for Carnival, Royal Caribbean, and Norwegian Cruise Line Investors @themotleyfool #stocks $RCL $CCL $CUK $NCLH.
The latest to cancel is AmaWaterways, joining Uniworld Cruises, Crystal Cruises, Scenic, Emerald Waterways and Viking Cruises that will sail no ships in Europe in 2020.

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