• Write a Review
  • Boards
  • Log In
You may also like
Carnival Corporation to Dispose Of Two More Cruise Ships
Exterior on Carnival Pride

Carnival Corporation to Dispose Of Two More Cruise Ships

Carnival Corporation to Dispose Of Two More Cruise Ships
Exterior on Carnival Pride

July 30, 2020

Aaron Saunders
By Aaron Saunders
  • Facebook
  • Pinterest
  • Twitter
(12:20 p.m. EDT) -- Two more cruise ships will be heading out of Carnival Corporation's global fleet, the company announced as the coronavirus pandemic and the near-global halt of cruising continues to weigh on earnings.
"On July 23, 2020, senior management of the Company evaluated these two ships for impairment and concluded their carrying values are no longer recoverable when compared to their estimated remaining future cash flows," the Carnival Corporation
news release
said. The Corporation also noted it also expects to take on a $600 million to $650 million impairment charge in the third quarter of 2020.
In accounting terms, an impairment charge describes a dramatic reduction in the recoverable value of a fixed asset -- like ships.
In recent weeks, several Carnival Corporation ships have been jettisoned, including Carnival Cruise Line's Carnival Fantasy and Carnival Inspiration, which are being scrapped in Turkey; four Holland America ships that are being sold to other operators; and Costa NeoRomantica, which will enter service with Celestyal Cruises in 2021.
While the Carnival Corporation umbrella includes nine separate cruise brands, it would seem likely that the two vessels mentioned as being sold are Carnival Fascination and Carnival Imagination. Carnival had previously stated that it had no immediate plans for these vessels to re-enter service for the line but did not provide details on their future.
Based on the value of the impairment charge, these ships -- if sold -- would likely also be headed to the breakers. Ships that are sent for scrapping are often sold for a fraction of the cost that a vessel remaining in service with another operator would fetch.
Carnival Corp. refused to give any specifics on which ships would be sold. "We have not yet announced any details around the two ships to date, so I am unable to provide any information at this point," corporate spokesman Roger Frizzell told Cruise Critic.
How was this article?
Popular with cruisers like you
Royal Caribbean's Anthem of the Seas Cruise Ship to be Based in Southampton in 2021

(12:00 p.m. BST) -- Anthem of the Seas will be based in the UK in 2021, Royal Caribbean has confirmed.

The 4,180 passenger ship, which was last based here in 2015, was due to sail a summer season from Southampton this year, but failed to make a single ex-UK voyage due to the coronavirus pandemic.

Anthem will cross the Atlantic in May and offer a series of seven-night Norwegian Fjords itineraries, as well as 14-night Mediterranean cruises. New ports of call include Denmark, France and Norway.

The ship was due to replace Independence of the Seas, a perennial favourite with UK cruisers, which will now move from Fort Lauderdale to Miami offering six and

What New Health Protocols Are Cruise Lines Introducing?

(Updated 4:15 p.m EDT) -- As the COVID-19 pandemic continues to progress around the world, cruise lines are rolling out detailed health and safety protocols that will allow them to safely resume service.

For experienced cruisers, these measures represent a significant departure from the way cruising has been over the past few years, with some lines electing to require masks, eliminate buffet service and self-serve table snacks, and introduce social distancing measures that will alter -- but not destroy -- many of the onboard features that passengers know and love.

Cruise Critic has compiled a list of currently available, confirmed health policies by the cruise lines listed below, altho

Carnival Cruise Line Debuts New Grand Central Atrium Concept Onboard Mardi Gras

(Updated 2:06 p.m. EDT) -- Carnival Cruise Line has unveiled its new Grand Central atrium concept that will make its first debut aboard the line's eagerly anticipated Mardi Gras.

The three-deck high space will be one of six separate themed zones aboard the 5,200-passenger ship, which sets sail in February from Port Canaveral.

Flanked by 3,000-square-feet of glass windows situated on the starboard side of the ship, the Grand Central Atrium will span Decks 6, 7 and 8 , and has been designed to create an onboard space that functions as a relaxing spot for passengers to enjoy a coffee or drink by day and an immersive show lounge by night.

"It's entirely a departure from anything that

When Are Cruise Lines Around the World Expected To Resume Service?

(Updated 11:02 a.m. EDT) -- With ocean and river cruise lines temporarily suspending service around the world as a result of the COVID-19 pandemic, keeping track of the seemingly minute-by-minute changes to the cruise industry can be challenging.

Most cruise lines voluntarily paused sailings for the meantime after being faced with port closures; a lack of suitable infrastructure, including flights; and increased travel restrictions that change on a country-by-country basis. CLIA,the Cruise Lines International Association that represents most cruise lines, issued a further volunatary suspension in operations through October 31.

Adding to voluntary suspens

Which Cruise Lines Have Restarted Cruising?

(Updated 1:47 p.m. EDT) -- While the global COVID-19 pandemic has shut down most cruise lines since mid-March, there are areas of the world where some ships are sailing.

In most cases, these are single-nationality cruises calling in at a limited number of ports, usually in the country of origin. Nearly all are in Europe or Asia, as U.S. cruise lines are on an operational pause until at least October, bound by the ruling from the Centers for Disease Control and Prevention.

Although options are still limited, and in most cases are nationality and government-advice dependent, here is a round-up of which lines have restarted cruising on what ships, as well as where they are going and who c

Want to cruise smarter?
Get expert advice, insider tips and more.
By proceeding, you agree to Cruise Critic’s Privacy Policy and Terms of Use.
Cookie Consent