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April 27, 2015 10:48 PM 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

Phone:

305-599-2600

Fax:

305-406-8630

Key Executives for Carnival Corporation & Plc

Chief Executive Officer, President and Director
Age: 59
Chief Financial Officer and Senior Vice President
Age: 56
Chief Operations Officer, Chief Executive Officer of Princess Cruises and President of Princess Cruises
Age: 65
Chief Executive Officer of Carnival Australia
Age: 60
Chief Executive Officer of Carnival UK
Age: 56
Compensation as of Fiscal Year 2014.

Carnival Corporation & Plc Key Developments

Carnival Corporation & Plc Expands Presence in Caribbean with $85 Million Port in Dominican Republic

Carnival Corporation & Plc announced it will begin newly developed Amber Cove port in the Dominican Republic beginning October 2015. Six of Carnival Corporation's nine brands will call on Amber Cove along the country's Amber Coast partial filming location for the original Jurassic Park movie to give cruise passengers another exotic location to explore as part of their vacation experience. With the opening of the new Amber Cove port, passengers will be able to make stops along the Dominican Republic's north Amber Coast. It will open expanded itinerary options in the Caribbean and will pair with the company's Grand Turk Cruise Center [3] only 100 miles to the north to anchor new central Caribbean itineraries for Carnival's nine global brands. In looking to the future, the port is strategically located to be incorporated into itineraries featuring potential stops in Cuba. The new $85 million facility represents the large cruise industry investment ever made in the Dominican Republic, and will feature a two-berth port able to accommodate the large cruise vessels in operation. Carnival Corporation has monitored the various stages of the port's construction progress with the use of drones, an innovative development that is being used for the first time as part of the company's port development process. The facility, a joint project between Carnival Corporation and the Rannik family of Grupo B&R, is expected to host more than 250,000 cruise passengers in its first year of operation. It will provide approximately 430 local jobs. The port will open with a visit from Carnival Victory from the company's Carnival Cruise Line brand on October 6, 2015. Additional ships from the company's brands are scheduled to call on the port in late 2015 and through 2016 including Carnival Cruise Line's Fantasy, Splendor, Valor, Sunshine, Conquest and Breeze and Holland America Line's Nieuw Amsterdam. These visits will consist of 57 calls by 13 different ships across the six brands taking place between October 2015 and April 2016, accounting for more than 155,000 guests during this period. This new port facility in the Dominican Republic underscores the company's focus on creating great vacation experiences, as passengers sailing the Caribbean will have an exciting new destination to visit. It will also give Carnival Corporation's nine global cruise brands the ability to create more diverse itineraries, another important part of the cruise experience. More than 60% of cruisers are repeat passengers, and offering robust itineraries keeps the experience fresh and engaging for them.

Carnival Corporation & Plc Declares Quarterly Dividend, Payable on March 13, 2015

Carnival Corporation & Plc announced that it has declared a dividend of $0.25 per share. The company's board of directors approved a record date for the quarterly dividend of February 20, 2015, and a payment date of March 13, 2015.

Carnival Corporation Forms Joint Venture with China State Shipbuilding

Carnival Corporation & plc has signed a memorandum of understanding (MoU) with China State Shipbuilding Corporation (CSSC) to form a shipbuilding joint venture aimed at development of the Chinese cruise industry. As part of the transaction, Carnival Corporation would work with CSSC and Fincantieri S.p.A. Under the joint venture concept, Carnival Corporation would provide its ship design and shipbuilding expertise to create the vision, definition and overall specifications for the China-built cruise ship.

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