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February 12, 2016 3:50 AM ET

Hotels, Restaurants and Leisure

Company Overview of Carnival Corporation & Plc

Company Overview

Carnival Corporation & Plc, through its subsidiaries, provides cruise vacation services. The company operates cruise lines in North America, Alaska, Italy, France, the United Kingdom, South America, Germany, Southern Europe, Bahamas, the Mediterranean, Hawaii, the Caribbean Islands, Spain, and Australia. The company was founded in 2002 and is based in Miami, Florida.

3665 NW 87th Avenue

Miami, FL 33178-2428

United States

Founded in 2002





Key Executives for Carnival Corporation & Plc

Chief Executive Officer, President and Director
Age: 60
Chief Financial Officer and Senior Vice President
Age: 57
Chief Operations Officer, Chief Executive Officer of Princess Cruises and President of Princess Cruises
Age: 66
Chief Executive Officer of Carnival Australia
Age: 61
Chief Executive Officer of Carnival UK
Age: 57
Compensation as of Fiscal Year 2015.

Carnival Corporation & Plc Key Developments

Carnival Corporation & plc Announces Unaudited Consolidated Earnings Results for the Year Ended November 2015

Carnival Corporation & Plc announced unaudited consolidated earnings results for the year ended November 2015. For the year, revenues were $15,714 million compared with $15,884 million a year ago. Operating income was $2,574 million compared with $1,772 million a year ago. Income before income taxes was $1,799 million compared with $1,225 million a year ago. Net income was $1,757 million compared with $1,216 million a year ago. Basic and diluted earnings per share were $2.26 compared with $1.56 a year ago. Net cash provided by operating activities was $4,545 million compared with $3,430 million a year ago. Additions to property and equipment was $2,294 million compared with $2,583 million a year ago.

China State Shipbuilding Corporation and China Investment Corporation Signs a GBP 2.6 Billion Luxury Cruise Building and Operation Cooperation Agreement with Carnival

China State Shipbuilding Corporation and China Investment Corporation signed a GBP 2.6 billion luxury cruise building and operation cooperation agreement with Carnival. The three parties will set up an international cruse joint venture in Hong Kong and will order cruises from Shanghai Waigaoqiao Shipbuilding with CNY 25 billion. Design of the first luxury cruise China independently builds will complete in 2016; the cruise will come under building in 2017 and will be delivered to Carnival in 2020. Waigaoqiao is preparing equipment and fundamental facilities for building made-in-China luxury cruises.

Carnival Corporation & plc Forms Joint Venture in China with China State Shipbuilding Corporation and China Investment Corporation to Launch Domestic Chinese Cruise Brand

Carnival Corporation & plc announced it has formed a joint venture in China that intends to launch the first, multi-ship domestic cruise brand in the Chinese market. Carnival Corporation & plc is partnering with China State Shipbuilding Corporation (CSSC) and China Investment Corporation (CIC) on the new venture aimed at accelerating the development and growth of the overall cruise industry in China, which is expected to eventually become the cruise market in the world. Under the structure of the new joint venture, Carnival Corporation & plc and CSSC plan to purchase and operate cruise ships as part of what is expected to be the first multi-ship fleet sailing for a domestic Chinese cruise brand. Specific fleet details will be announced at a later date, but potential plans could include the purchase of both new and existing cruise ships to homeport in China.

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