Carnival Corporation Orders An Additional Excel-Class Ship For Carnival Cruise Line
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Carnival Corporation & plc (CCL) has finalized an agreement with Meyer Werft for a fifth Excel-class cruise ship for Carnival Cruise Line, scheduled for delivery in 2028. This addition confirms an 11th Excel-class ship across four of its brands, emphasizing Carnival's commitment to growth and operational efficiency. The new ship, like its predecessors, will be LNG-powered and designed to carry over 6,400 guests and 1,800 crew. This order aligns with Carnival's strategy for measured capacity growth and is contingent upon financing expected to be completed later this year.
March 26, 2024 | 2:03 pm
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Carnival Corporation & plc (CCL) has announced the addition of a fifth Excel-class cruise ship for Carnival Cruise Line, set for delivery in 2028, highlighting the company's ongoing growth and efficiency strategy.
The announcement of a new Excel-class cruise ship signifies Carnival Corporation's commitment to expanding its fleet and enhancing operational efficiency, which could positively influence investor perception and potentially drive up CCL's stock price in the short term. The focus on LNG-powered ships also aligns with the growing trend towards more environmentally friendly operations in the cruise industry, potentially attracting ESG-focused investors. However, the impact is contingent upon successful financing, introducing a degree of uncertainty.
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