Carnival Orders New Ship

The new order is a good sign for the cruise industry

By: By Marilyn Green

Carnival Dream // (c) 2009 2

Carnival Dream // (c) 2009 Carnival

In early December, Carnival Cruise Lines announced an order for a 3,690-berth ship, similar to recently launched Dream, for $738m to be delivered in 2012. The move was particularly significant because Carnival Corporation chairman and CEO, TK name, has announced that there would be no new ship orders until the economy improved. The contract was made in U.S. dollars, which means the risk of currency fluctuation against income is eliminated. Shipyard prices have dropped dramatically recently as orders slowed.

The order was placed with Fincantieri, which is also constructing the Dream’s first sister ship, Carnival Magic, to be delivered in mid-2011. Carnival Corporation also would like to place an order for a new Princess Cruises ship for delivery in 2013, as the line has had no new vessels since 2008.