Key Ship Conversions in 2024

2024 was a strong year for the drydock and secondhand ship market, which led to a number of ships debuting for new operators.

These are some of the key conversion jobs that took place during the year:

Celestyal Discovery
Former: AIDAaura
Capacity: 1,270 guests
Year built: 2003
Previous operator: AIDA Cruises
New operator: Celestyal Cruises
Debut: March 2024

After being sold by Carnival Corporation in late 2023, the former AIDAaura underwent a conversion project before debuting for Celestyal Cruises.

Previously operated by AIDA Cruises, the 2003-built vessel saw a complete transformation for its new market.

Carnival Firenze
Former: Costa Firenze
Capacity: 4,232 guests
Year built: 2020
Previous operator: Costa Cruises
New operator: Carnival Cruise Line
Debut: April 2024

After being transferred to Carnival Cruise Line, the former Costa Firenze underwent a major refit at the Navantia shipyard in Cádiz in early 2024. In addition to receiving Carnival’s branding and livery, the 4,232-guest vessel was updated with Carnival’s public areas, with various spaces converted into the company’s trademark venues, such as the Fahrenheit 555 Steakhouse and the Limelight Lounge.

Margaritaville at Sea Islander
Former: Costa Atlantica
Capacity: 2,100 guests
Year built: 2000
Previous operator: Adora Cruises (never debuted)
New operator: Margaritaville at Sea
Debut: June 2024

After a long refurbishment at the Harland & Wolff shipyard in Northern Ireland, the Margaritaville at Sea Islander debuted for its new operator in June 2024.

Villa Vie Odyssey
Former: Braemar
Capacity: 977 guests
Year built: 1993
Previous operator: Fred. Olsen Cruise Lines
New operator: Villa Vie Residences
Debut: September 2024

The former Braemar of Fred. Olsen Cruise Lines was turned into Villa Vie Residences’ first residential ship in 2024. After a refit at the Harland & Wolff Shipyard in Belfast, the ship emerged as the Odyssey in September, welcoming guests for a continual world cruise.

Aroya
Former: World Dream
Capacity: 3,400 guests
Year built: 2017
Previous operator: Dream Cruises
New operator: Aroya Cruises
Debut: December 2024

The Aroya entered service in December as the first cruise ship dedicated to the national market in Saudi Arabia.. According to Aroya Cruises, several venues onboard the ship were essentially rebuilt during a long conversion that included shipyard visits in the Netherlands and Germany.

Others:

  • Mitsui Ocean Fuji (former Seabourn Odyssey) – now in service for Mitsui Ocean Fuji
  • Celestyal Journey (former Pacific Aria) – now in service for Celestyal Cruises
  • Marella Voyager (former Mein Schiff Herz) – now in service for Marella Cruises
  • Ambition (former AIDAmira) – now in service for Ambassador Cruise Line
  • Resorts World One (former Explorer Dream) – now in service for Resorts World Cruises
  • Carnival Venezia (former Costa Venezia) – now in service for Carnival Cruise Line
  • Exploris One (former Silver Explorer) – now in service for Exploris Expeditions & Cruises

Carnival Corporation Actively Managing Brand and Ship Portfolio

“We’ve been actively managing the portfolio and allocating ships differently, moving vessels and winding up a brand in the case of P&O Australia,” said Josh Weinstein, president and CEO of Carnival Corporation.

“I think it’s setting ourselves up to really put the assets where the highest returns are in the immediate term and the medium term, while we help all the brands who aren’t yet where I think they should be, get to those levels,” he continued, speaking on the company’s year-end and fourth-quarter earnings call.

“At a base level, it’s a continuation of all of those things in the commercial space and having those great brand leaders really lean in even further. We’re investing in our people. We’re investing in our tools, our revenue management tools, to make sure that we are utilizing the technology effectively to optimize the yields.”

Weinsten also pointed to strength in onboard spending.

“We’ve got a good amount of runway to continue the progress we’ve been making around pulling forward the spend, which as everybody knows, opens up the second wallet and the more people spend before they get on the cruise, the more they spend on the cruise. So our brands are again working hard to continue that and we’re nowhere near what the cap could be on those types of efforts.”

Carnival Corp. Sets 2024 Q2 Earnings Date

Carnival Corporation has scheduled a conference call with analysts for Tuesday, June 25, 2024, at 10 a.m. (EDT); 3 p.m. (BST) to discuss the company’s second-quarter financial results which are expected to be released that morning.

The call will allow company executives to go over the quarter, talk about an all-important third quarter and then take questions from Wall Street analysts.

A simulcast of the call will be available via the company’s websites at http://www.carnivalcorp.com and http://www.carnivalplc.com.