Fuel prices are beginning to decline.
Dropping crude oil prices have led to the elimination of the fuel supplement in 2010 for Carnival Corporation’s six North American brands, affecting all new bookings for 2010. In addition, the company set guidelines for reimbursement of the fee for passengers on 2008 and 2009 cruises and those already booked for 2010. A pricing increase for 2010 will be set separately by every brand and is expected to eliminate the need for future supplements.
The guidelines provide refunds in the form of an onboard credit if the price of light sweet crude oil is $70 per barrel or less at the close of business on each of the 25 consecutive trading days ending five trading days before the guest’s cruise departure.
Carnival Corp. spokesman Tim Gallagher said a price increase on 2010 sailings, set by each brand separately, is intended to remove the fuel supplement permanently.
"We never intended the fuel supplement to be a constant," he said. "We want it off and the agents want it off."
The supplement for Carnival Cruise Lines, Holland America Line, Princess Cruises, Costa Cruises and Cunard Line is currently $9 per person, per day, for the first and second guest with a cap of $126 and $4 per person, per day, for third, fourth and fifth guests capped at $56. Seabourn’s fuel supplement is $15 per person, per day, for the first and second guest, capped at $210 and $4 per person, per day, for third and fourth guests capped at $56 per person.