orthern Hemisphere summer months. This higher demand during the third quarter results in higher ticket prices and occupancy levels and, accordingly, the largest share of its operating income is earned during this period. The seasonality of the company’s results also increases due to ships being taken out-of-service for maintenance, which it schedules during non-peak demand periods. In addition, all of Holland America Princess Alaska Tours’ revenue and net income is generated from May through September in conjunction with the Alaska cruise season. Competition The company’s principal cruise competitors are RCCL; Norwegian Cruise Line Holdings, Ltd.; and MSC Cruises. Regulations Maritime Regulations: The company’s ships are registered, or flagged, in The Bahamas, Bermuda, Italy, Malta, the Netherlands, Panama, Portugal and the U.K, which are also referred to as Flag States. In addition, the company is subject to the decrees, directives, regulations and requirements of the European Union, the U.S. and approximately 400 other international ports that its ships visit every year. Its ships are subject to inspection by the port regulatory authorities, which are also referred to as Port State Control, in the various countries that they visit. Maritime Security Regulations: The company’s ships are subject to various security requirements. These requirements include the International Ship and Port Facility Security Code, which is part of Safety of Life at Sea, the U.S. Maritime Transportation Security Act of 2002, which addresses the U.S. port and waterway security and the U.S. Cruise Vessel Security and Safety Act of 2010, which applies to all of its ships that embark or disembark passengers in the U.S. Maritime Health Regulations: The company collaborates with public health inspection programs throughout the world, such as the Centers for Disease Control and Prevention in the U.S. and the SHIPSAN Project in the European Union to ensure that development of these programs leads to enhanced health and hygiene onboard its ships. History Carnival Corporation was founded in 1198. The company was incorporated in 1972 in Panama.
carnival corp (CCL:New York)
3655 NW 87th Avenue
Miami, FL 33178
|Carnival PLC||3,085 GBp||+41.00|
|Marriott International Inc/MD||$61.59 USD||+0.21|
|Royal Caribbean Cruises Ltd||$67.97 USD||-1.42|
|TUI AG||1,020 GBp||+11.00|
|Wyndham Worldwide Corp||$63.67 USD||-0.99|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CARNIVAL CORP, please visit www.carnival.com. Company data is provided by Capital IQ. Please use this form to report any data issues.