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Stock Market & Financial Investment News

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May 22, 2014
05:19 EDTCCLCarnival invests $400M on exhaust gas-cleaning technology for 70% of vessels
Carnival announced plans to significantly increase installations of its industry-first exhaust gas cleaning technology to more than 70 vessels. The expansion covering over 70% of its entire fleet represents an increase from the 32 ships announced in September 2013. Carnival is investing as much as $400M to design, build and install the systems, being used for the first time in the restricted space found on cruise ships. The systems will enable Carnival to meet new regulations that place a cap on sulfur content of fuel oil at 0.1%, resulting in significantly reduced air emissions. The systems will help the company meet its environmental sustainability goals, as well as mitigate escalating fuel costs.
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July 30, 2014
11:33 EDTCCLCarnival 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.

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