October 26, 2016 3:49 AM ET

Hotels, Restaurants and Leisure

Company Overview of Princess Cruise Lines, Ltd.

Company Overview

Princess Cruise Lines, Ltd. operates cruise lines. The company operates cruises to various destinations, including Alaska, Asia, Australia and New Zealand, California and Pacific Coastal, Canada and New England, the Caribbean, Europe, Hawaii, Japan, Mexico, Panama Canal, South America, South Pacific, and internationally, as well as organizes port and shore excursions, and getaways. It also offers onboard food and dining services; entertainment, wellness, and kids and teens activities; and gifts and services. The company was founded in 1965 and is based in Santa Clarita, California. Princess Cruise Lines, Ltd. operates as a subsidiary of Sunshine Shipping Corporation Ltd.

24305 Town Center Drive

Santa Clarita, CA 91355

United States

Founded in 1965





Key Executives for Princess Cruise Lines, Ltd.

President of Princess Tours
Executive Vice President
Age: 63
Senior Vice President of Guest Operations
Executive Vice President of Guest Experience and Product Development
Compensation as of Fiscal Year 2016.

Princess Cruise Lines, Ltd. Key Developments

Princess Cruises Reaches Agreement with Italian Shipbuilder Fincantieri S.P.A. to Build Two New Ships, Entering into Service in 2019 and 2020

Princess Cruises announced that it has reached an agreement with Italian shipbuilder Fincantieri S.p.A. to build two new ships, entering into service in 2019 and 2020. The finalization of the contract follows the announcement late last year of a memorandum of agreement between Princess Cruise's parent company, Carnival Corporation & plc and Fincantieri for five new ships including the Princess Cruises new builds. Carnival Corporation has an existing fleet of 100 cruise ships and a total of 16 new ships scheduled for delivery between 2016 and 2020. The new Princess ships will include the signature elements that have become synonymous with the brand's best-in-class guest experience featuring a soaring central atrium, multiple dining, entertainment and retail venues; outdoor theater experience; and 80% of all staterooms with balconies. The ships will also include new innovations to enhance the guest experience even further.

Princess Cruises Promotes Mario Siebaldi to Senior Vice President Guest Operations

Mario Siebaldi has been promoted to the new position of senior vice president, guest operations for Princess Cruises. In this new role, Siebaldi will lead an integrated team to deliver the cruise line's 'come back new promise,' providing guests exceptional cruise vacation experiences.

Princess Cruises Introduces New Princess Luxury Bed

Princess Cruises has unveiled its new Princess Luxury Bed, designed to deliver the ultimate night of sleep at sea. The cruise line will roll out more than 44,000 of the new beds to every stateroom across its fleet by the end of 2018 following collaboration with experts in both the science and beauty of sleep. Developed exclusively for Princess Cruises by the manufacturer of some of the most well-known and comfortable hotel beds in the world, the new Princess Luxury Bed will envelop guests in opulent style and pure comfort. The bed features a plush, five-centimetre thick mattress topper, a 22-centimetre, single-sided medium firm mattress for enhanced support, individually wrapped coils for less partner disturbance, a European-inspired duvet and 100% luxurious Jacquard-woven cotton linens. The new Princess Luxury Bed also features electronically tempered springs to enhance support and full foam casing to provide greater edge support and an increased sleeping surface.

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Recent Private Companies Transactions

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