Carnival Corporation To Dispose Of Two More Ships & Rumoured To Be Selling Two Cruise Brands

Queen Mary 2 by Cruise Capital
Queen Mary 2 by Cruise Capital

In an update to investors, Carnival Corporation has revealed it plans to remove a further two ships from its global fleet. There is also rumour Carnival is looking to sell off two of its cruise brands entirely.

On July 10, the company announced plans to remove nine ships in addition to the already planned sale of four ships, but the company will now once again extend the number of ships it is disposing of.

Carnival Corporation explained it had evaluated the two ships, which have not been revealed, and concluded their carrying values are no longer recoverable when compared to their estimated remaining future cash flows.

Currently, Carnival is scrapping Costa Victoria, Carnival Fantasy and Carnival Inspiration. It has also sold Costa neoRomantica, Oceana, Rotterdam, Amsterdam, Veendam and Maasdam to new owners. Carnival Corporation has also revealed Carnival Imagination and Carnival Fascination will be taken out of service for the foreseeable future and placed into long term lay-up. At this stage, it has not confirmed any plans to sell or scrap these ships.

According to Tradewinds, industry insiders believe Carnival Corporation are also looking to sell off its luxury Cunard and Seabourn brands, citing ageing customer demographics and a need to generate higher returns would impact the prospective sales.