Carnival signs two new ships as profits rise

The new Holland America Line ship will be similar to MS Koningsdam
The new Holland America Line ship will be similar to MS Koningsdam

Carnival Corporation announced two new-build ships as it announced a profit increase in its full year results.

The cruise company has signed the ship order with Fincantieri that includes will be the 26th ship in Carnival Cruise Line’s fleet, and the second Pinnacle-class ship for Holland America Line.

The new Carnival Cruise Lines ship will have cabins for 3, 954 passengers and is due to be delivered in March 2018.

The new vessel will be a sister ship to Carnival Vista, which is expected to launch in 2016. Details of Vista will be announced next month.

The new Holland America Line ship will also launch in 2018 and will accommodate 2, 650 guests. It will be in the same class as ms Koningsdam which is due to launch in February 2016.

Both ships are yet to be named.

“These beautiful new ships on order from Fincantieri signify our ongoing commitment to provide the best possible guest experience across our industry-leading brands,” said Arnold Donald, president & CEO of Carnival Corporation. “New ships with the latest in features, accommodations and innovations really bring the modern cruise experience to life and will help us continue to grow new demand for cruising.”

Its new ship announcement came as the group reported an increase in profits for the full year 2014. Its non-GAAP net income came in at US$1.5 billion compared to US$1.2 billion for the prior year, with GAAP income at US$1.2bn.

Its figures were boosted by profit improvements at Carnival Cruise Lines and Costa Cruises particularly in onboard revenues.

“We worked hard to contain costs and achieved an almost 5% reduction in fuel consumption for the year as we continue to implement energy conservation measures. We also made a number of strategic decisions in fleet investments that will position us well for the future,” said Donald. “Last quarter operating profit more than doubled due to higher ticket prices and onboard spending combined with lower costs, also exceeding previous guidance.”

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