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Stock Market & Financial Investment News

News Breaks
July 30, 2014
11:33 EDTCCL, CUKCarnival subsidiary announces plan to add new ship to fleet
Princess Cruises, a subsidiary of Carnival Corporation (CCL, CUK), announced that it has reached an agreement with the Italian shipbuilder Fincantieri to build a new ship, which will enter service in 2017. The as-yet unnamed 143,000-ton vessel, which will be built at an all-in cost of approximately 600 million euros, will carry 3,560 passengers. Specific features and amenities for the ship, along with deployment details, will be revealed in the coming months, the company said.
News For CCL;CUK From The Last 14 Days
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October 19, 2014
13:39 EDTCCL, CUKCarnival cruise passenger tests negative for Ebola, Reuters says
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October 17, 2014
08:24 EDTCCL, CUKCarnival ship asked to return to U.S. over Ebola concern
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October 16, 2014
13:25 EDTCCLCarnival Cruise Lines volatility elevated after sharp sell off
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October 15, 2014
10:49 EDTCCLHigh option volume stocks
High option volume stocks: SNV FCG TXT MDSO PPHM NTRS CCL RGP LLTC SOCL
05:21 EDTCCLCarnival, CSSC sign MOU
Carnival announced it has signed a memorandum of understanding, or MOU, with the China State Shipbuilding Corporation, or CSSC, to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry, expected to be one of the largest cruise markets in the world with 4.5M passengers by 2020, according to the Chinese Ministry of Transport, or MOT. Becoming official at a signing ceremony today at the Ninth China Cruise Shipping and International Cruise Expo in Tianjin, the MOU outlines the framework for exploration of a partnership between Carnival Corporation and the CSSC that includes the possibility of forming a shipbuilding joint venture that could become a three-way arrangement involving Fincantieri of Italy, the world's largest cruise ship building company, in support of the Chinese government's plans to grow the cruising industry in China and meet escalating demand for cruises from Chinese travelers. As part of the possible shipbuilding joint venture, Carnival Corporation would work closely with CSSC and Fincantieri to help define the first-ever, world-class cruise ship built in China. Carnival Corporation, the world's leading cruise operator, has been involved in building modern cruise ships that exceed guest expectations more than any entity in the world. Under the joint venture concept, Carnival Corporation would provide its ship design and shipbuilding expertise to create the vision, definition and overall specifications for the China-built cruise ship.

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