Tag Archives: Carnival Corporation

Carnival Vista Becomes First Ship to Arrive in Celebration Key

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Carnival Vista Becomes First Ship to Arrive in Celebration Key

The Carnival Vista arrived in Celebration Key on Saturday morning, July 19, becoming the first cruise ship to visit Carnival’s new private island destination in Grand Bahama.

The 4,000-guest vessel docked at the new port as part of an eight-night cruise that sailed from Port Canaveral on July 12, 2025.

To mark the debut of the new private destination, Carnival held an opening ceremony attended by local authorities, travel advisors, media and partners, as well as Carnival Vista’s officers and guests.

Also present were Carnival Cruise Line’s President Cristine Duffy, who was joined by Carnival Corporation’s CEO Josh Weinstein and other members of the company’s global executive leadership team, as well as its global port destination development team led by Chief Maritime Officer Lars Loen.

“You can imagine the resources and support that it took to bring this property to life,” Duffy said, noting that the project was completed on time and on budget.

Duffy highlighted team support from both Carnival and Carnival Corporation, as well as the features of the $600 million destination, which will see further investments in the future.

Now officially opened, Celebration Key is set to welcome 20 Carnival ships sailing from 20 homeports in the United States.

The port of call was designed to host two of the company’s large ships simultaneously (and soon four) and will be able to welcome Carnival’s new Ace Class ships starting in 2029.

One million guests are expected to visit Celebration Key in 2025, Duffy said, adding that the destination will serve as an economic asset for the island of Grand Bahama.

“All of us at Carnival are proud to have hired over 1,200 Bahamians to help build and now operate Celebration Key,” she said.

Features of the private destination include the largest freshwater lagoon in the Caribbean, the largest sandcastle in the world, as well as beach clubs, bars, restaurants, and waterslides.

Carnival Executives Detail Latest Ship Sales

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Carnival Executives Detail Latest Ship Sales

Carnival Corporation has sold two ships this year, as the Seabourn Sojourn will be transferred to Mitsui Ocean Cruises next year, and the Costa Fortuna will sail for Margaritaville in late 2026.

“Over time, since ships get older, we will sell them to other parties,” said David Bernstein, CFO, speaking on the company’s second quarter earnings call.

“We do not feel that those parties come back to compete against us because they are generally in different marketplaces with different brands,” he continued.

Neither Bernstein nor Josh Weinstein, CEO, would comment on the sales prices of either ship, although Weinstein said it was “nicely over book value.”

“People came to us looking for ships and gave us prices that we thought were in the best long-term interest of the company,” Weinstein said.

He also explained that the Costa Fortuna’s departure from the fleet does not impact Costa’s core program in Europe, as the Serena will take its place in the market.

AIDA Orders Two New Ships From Fincantieri

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Carnival Corporation today announced an order for two new ships for AIDA Cruises, a new class of mid-sized vessels.

The agreement with Italian shipbuilder Fincantieri provides for the design, engineering, and construction of these multi-fuel-capable ships, which will be delivered in the first quarter of the fiscal years 2030 and 2032, respectively.

“With approximately 2,100 cabins each, these remarkable new ships give our guests a completely new class of ship which slot in perfectly between our 1,600 cabin Hyperion Class vessels and our more than 2,600 cabin Helios Class vessels,” said Felix Eichhorn, President of AIDA Cruises. “Our next generation of ships will delight our guests with amazing new features and experiences that we will reveal over time. Its innovative technology with multi-fuel propulsion systems, including LNG, will future-proof our operations into the coming decades.”

Eichorn added that once the second ship is delivered, AIDA will have a total of 13 ships in its fleet, further expanding its leadership position in the German cruise market.

“The introduction of these next-generation ships, when combined with the AIDA Evolution program modernizing much of the existing fleet’s décor, features and technologies, will drive even more demand for our AIDA brand, which is synonymous with cruising in Germany,” said Josh Weinstein, chief executive officer of Carnival Corporation.

According to Weinstein, with today’s order, Carnival Corporation’s newbuild pipeline includes eight new ships scheduled to enter service between now and 2033, including Star Princess this year and one each from 2027 to 2033.

“We’re maintaining our disciplined approach to growth and strategically directing new capacity to the highest-performing brands in our world-class portfolio like AIDA Cruises and its sister brand Carnival Cruise Line, which now account for seven of our eight ships on order. This growth plan will maximize our returns and allow us to use our strong free cash flow to continue lowering our debt balance and transferring value from debt holders back to shareholders,” he said.

“We are honored that our long-standing partner Carnival Corporation has selected Fincantieri to build ships for AIDA Cruises for the first time in our history. This milestone confirms our ability to serve the entire Carnival Corporation portfolio while ensuring long-term visibility for our shipyards. These new ships will embody the most advanced technologies for sustainability and efficiency, further strengthening Fincantieri’s and Carnival Corporation’s roles as leaders in cruise industry innovation,” said Pierroberto Folgiero, CEO of Fincantieri.