Carnival Raises Annual Profit Forecast As Cruise Demand Continues
Carnival Corp raised its annual profit forecast after beating second-quarter estimates on Tuesday, driven by the highest margins the company has achieved in nearly 20 years, sending its shares up almost 8% in morning trading.Sea-based vacations continue to be more affordable than land-based options, particularly for lower-income customers, Carnival said. This affordability has helped the company show "remarkable resilience amid heightened volatility," as more people are booking…
ACL Order Book Swells to 10
American Cruise Lines (ACL) today announced signed contracts with Chesapeake Shipbuilding for 4 more new ships, bringing the Line’s total orderbook with Chesapeake to 10 ships over the next 3 years. The newbuilds will serve the fast growing U.S. cruise market and will be Jones Act compliant. Active in the domestic cruise market for more than 50 years, the firm will eventually operate 21 small ships around the country.The 10 new ships from Chesapeake begin with the delivery of American Legend this week.
Port of Kiel: More than 2.2 mln Passengers This Year
The economic importance of nautical tourism for Schleswig-Holstein is continuing to increase. More than 2.2 million passengers are expected in the port of Kiel alone this year, forecasting record numbers like 600,000 cruise passengers and 1.6 million ferry travelers.Last year, passengers generated a turnover of about 68 million Euros in Kiel. The consumer spending of the port’s ferry passengers amounts to more than 53 million Euros. These are complemented by another 15 million Euros spent by cruise passengers and the crews.
