Cay and Princess Cays, primarily for the benefit of its North America cruise brands. The facility in Puerto Plata, Dominican Republic, known as Amber Cove, is a new port destination located in the central Caribbean cruise region and is expected to be opened in October 2015. These destinations offer various features, including shore excursions, cultural and historic exhibits, water sports, beaches, retail outlets and various themed-dining options. In addition, the company engages in the development, enhancement and/or financing of government-owned and operated cruise port facilities in Cape Canaveral, Fort Lauderdale and Miami, Florida; Galveston, Texas; New Orleans, Louisiana; New York City, New York; San Juan, Puerto Rico and St. Maarten, Kingdom of the Netherlands. Cruise Ship Repair Facility The company owns a 40% interest in Grand Bahamas Shipyard Ltd. (GBSL), which is a cruise ship dry-dock repair facility, to support its ship repair and maintenance programs. The company utilizes this facility, as well as other ship repair facilities, for its dry-dockings. This repair facility, located in Freeport, Grand Bahamas, has three dry-docks and can accommodate almost all of its ships. During 2014, the company had 13 ships serviced at this facility. Royal Caribbean Cruises Ltd. (RCCL) also owns a 40% interest in GBSL and an unaffiliated entity owned by Grand Bahamas Port Authority owns the remaining 20%. Sales and Marketing The company sells its cruises mainly through travel agents, including retail, online, and home-based agents, as well as wholesalers, general sales agents and tour operators that serve its guests in their local markets. Seasonality The company’s revenues from the sale of passenger tickets are seasonal. All of Holland America Princess Alaska Tours’ revenue and net income is generated from May through September in conjunction with the Alaska cruise season. Trademarks and Other Intellectual Property The company has license agreements for the use of the P&O name, the P&O flag and other relevant trademarks and domain names in relation to cruising and related activities. It also has a license to use the ‘Love Boat’ name and related marks. Competition The company’s principal cruise competitors are RCCL; Norwegian Cruise Line Holdings, Ltd.; and MSC Cruises. Significant Events In March 2015, Carnival Corporation & plc announced the launch of P&O Cruises UK's newest ship, Britannia. In March 2015, Carnival Corporation & plc signed two agreements that would add a total of nine new cruise ships to the company's fleet over a four-year period from 2019 - 2022. 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 incorporated in 1972 in Panama.
(CCL:New York Consolidated)
3655 NW 87th Avenue
Miami, FL 33178
|Carnival PLC||3,167 GBp||-43.00|
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