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News Breaks | | | | October 26, 2012 | | 09:18 EDT |  | CUK | Carnival orders new ships for Holland American line and Carnival Cruise line
Carnival announced it has reached an agreement for the construction of two new cruise ships - a 99,000-ton ship for its Holland America Line brand and a 135,000-ton vessel for its Carnival Cruise Lines brand. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery in fall 2015 and a 4,000-passenger ship for Carnival Cruise Lines scheduled for delivery in winter 2016. The total cost for the two vessels combined, which includes the U.S. dollar denominated contract price and all owner's costs, will be approximately $195,000 per lower berth. The memorandum of agreement is subject to customary closing conditions, including execution of shipbuilding contracts and financing. | |
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News For CUK From The Last 14 Days Check below for free stories on CUK the last two weeks. |
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| May 22, 2013 | | 05:41 EDT |  | CUK | Carnival downgraded to Neutral from Overweight at HSBC
 Subscribe for More Information | | | May 21, 2013 | | 09:37 EDT | | CUK | Cruise operaters retreat after Carnival cuts earnings guidance
Subscribe for More Information | | | May 20, 2013 | | 17:29 EDT |  | CUK | Carnival backs Q2 EPS view of 4c-8c, consensus 7c
Subscribe for More Information | | | 17:27 EDT | | CUK | Carnival lowers FY13 EPS to $1.45-$1.65 from $1.80-$2.10, consensus $1.97
Current cruise ticket pricing for the company has driven higher booking volumes however, at the same time, it has led to lower than anticipated net revenue yields which has resulted in reduced earnings guidance. The company now expects FY13 net revenue yields to be down 2%-3% compared to the previous flat yield guidance for the year. In addition, voyage cancellations beyond those incorporated in the company's previous earnings guidance, as well as increased selling and administrative costs, are expected to reduce earnings by approximately 10c per share. | |
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