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Latest News...Carnival Cruise Line said today that while rescue and remediation efforts continue in Baltimore Harbor following the collapse of the Key Bridge, it will temporarily move Carnival Legend’s Baltimore operations to Norfolk, Virginia. Carnival Legend is scheduled to return from its current voyage on Sunday, March 31. It will now return to Norfolk on Sunday, and guests will...
Latest News...Carnival Corporation & plc today announced it has signed an agreement with Meyer Werft shipyard for a fifth Excel-class cruise ship for its namesake Carnival Cruise Line brand, with the delivery set for 2028. In mid-February Carnival Corporation had announced the first newbuild order placed in five years with news that a fourth Excel-class ship would join the Carnival Cruise Line...
Latest News...Four Seasons, together with luxury yachting company Marc-Henry Cruise Holdings Ltd, Joint Owner/Operator, Four Seasons Yachts, and venerated Italian shipbuilder Fincantieri, continues to chart a new course of luxury at sea. As momentum builds towards the inaugural season of Four Seasons Yachts, the first 10 unique voyages are unveiled, each inviting travellers to make the iconic islands...
Royal Caribbean Cruises Ltd today noted the U.S. government's policy change on travel to Cuba and provided a range for its financial impact.
On June 4, 2019, the U.S. government announced that effective June 5th, 2019 authorized travel to Cuba under the People-to-People program is rescinded and travel to Cuba via cruise ships is prohibited. Therefore, effective June 5th, cruise ships will no longer be allowed to travel between the U.S. and Cuba.
The company has changed the itineraries for its June 5th and June 6th departures and is determining alternate destinations for future sailings. The company's primary concern is for its guests, and the company is working closely with them to offer alternative destinations and compensation for any inconvenience.
The company estimates that the financial impact of this regulatory change is a reduction to the Adjusted EPS for 2019 in the range of $0.25 to $0.35 per share.
"While the affected sailings impact only 3 percent of our 2019 capacity, the extremely short notice period for this high yielding destination amplifies the earnings impact," said Jason T. Liberty, executive vice president and CFO. "The result of this policy change has created a short-term impact to our guests, operations and earnings; fortunately, we have many alternative and attractive destinations for our guests to choose from."
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