Carnival Corporation Sells Seabourn Odyssey to MOL Group

Seabourn Odyssey photo credit for Spacejunkie2 (Flickr)

Carnival Corporation and its luxury Seabourn brand have announced the sale of the 450-guest, 2009-built Seabourn Odyssey to Mitsui O.S.K. Lines, Ltd. (MOL), which currently operates a one-ship Japanese cruise line with the Nippon Maru.

Following the sale, Seabourn will continue to operate all published voyages through August 22, 2024, under a charter arrangement.

The Seabourn Odyssey will then be delivered to MOL after the charter agreement.

Of note, it’s the 26th ship to exit the Carnival Corp. fleet since 2020.

“We are proud that Seabourn Odyssey carried our guests across the world for the last 14 years and are happy to see her join a great company, MOL,” said Seabourn President Natalya Leahy. “As we prepare to say farewell to Odyssey in September 2024, I am excited to further optimize our fleet as we grow our expedition business. With the addition of Seabourn Pursuit this summer, Seabourn will have one of the most modern fleets in the ultra-luxury segment with an average age of just seven years.”

The company said that Seabourn’s fleet expansion into the ultra-luxury expedition market allows for a more diverse offering of deployment opportunities, which will lead to new and exciting itineraries across all seven continents with a higher guest capacity compared to 2019 even after Seabourn Odyssey’s departure.

“With this elite, modern fleet, Seabourn continues as the leader in ultra-luxury travel, providing highly curated and immersive experiences and unique ‘Seabourn Moments’ for our guests,” Leahy said.

Costa Magica Sold to Seajets

The Costa Magica has been sold to Seajets, a Greek ferry operator, according to Greek media reports and multiple industry sources.

The ship represents another Carnival Corporation vessel leaving the Costa fleet as the world’s largest cruise operator continues to shed less economical capacity.

Of note, it is the newest and biggest vessel to exit a Carnival-owned brand, with the Magica having the capacity for 2,720 guests at double occupancy and having been built in 2004 at a cost of $400 million. It was one of three ships Carnival said would leave the fleet in December. The AIDAaura will also be retired, and a yet-to-be-named Costa ship will follow.

The Marios Iliopoulos-led Seajets has purchased multiple secondhand cruise ships since the start of the pandemic. A handful of ships have since been scrapped, while the former Maasdam was sold to French start-up CFC and will soon enter service.

The Magica will soon join a number of other ships in a layup in Greece under the control of Seajets, including the former Veendam, Pacific Area, P&O Oceania and Majesty of the Seas.

While the former Maasdam was sold to CFC, Seajets has also retired some ships for scrap value including the Columbus and Magellan, two ships that it bought at auction following the demise of Cruise & Maritime Voyages

Carnival Corporation 2023 Preview

Carnival Corporation is set for an eventful year in 2023 with a new product and new builds entering service.

Cruise Industry News looks into the most anticipated events taking place across the company’s nine brands over the next 12 months.

Carnival Fun Italian Style
Carnival Fun Italian Style is debuting in 2023, with the introduction of the Carnival Venezia in May.

Originally built for Costa Cruises, the vessel is set to offer a unique product, combining Carnival’s experience with special touches from the European country.

Following the Venezia, which will sail year-round from New York, the Carnival Firenze is also set to join the concept in 2024 and launch service from California.

Two Newbuilds
Two new builds are entering service for core Carnival Corporation brands in 2023.

Originally ordered for AIDA Cruises, the new Carnival Jubilee is currently being built in Germany by the Meyer Werft shipyard. Joining the Mardi Gras and the Carnival Celebration, the XL-Class ship will debut during the fourth quarter, offering Western Caribbean cruises out of Galveston.

A sister to the Seabourn Venture, the Seabourn Pursuit is set to become Carnival Corp’s second expedition ship. Under construction in Italy, the vessel is scheduled to enter service in October, ahead of a winter season in Antarctica.

In addition is a yet-to-be-named new build for Adora Cruises, Carnival’s joint venture in China.

More Efficient Fleet
While new ships enter service, Carnival continues to withdraw smaller and less efficient ships from its fleet.

In 2023, at least three vessels are set to be retired by the brands, including the AIDAaura, which will bid farewell to AIDA Cruises in September.

Two more ships from Costa Cruises are also expected to be withdrawn. The exits are part of an effort to right-size the brand in light of the continued closure of cruise operations in China – where Costa had significant capacity before the pandemic.

More Passengers Onboard
Carnival Corporation is expecting more passengers onboard its ships in 2023, with an aimed average occupancy rate of 90 per cent across its nine cruise brands in the first quarter.

The number is up from 54 per cent occupancy in the first quarter of 2022 when cruise operations were still being restarted across the globe.

Return to Asia and World Cruises
Following a three-year gap, several Carnival brands are returning to Asia in early 2023.

While Seabourn is set to offer a series of Southeast Asia itineraries during the entire winter season, Princess and Holland America are returning to Japan in the spring.

Several brands – including P&O, Cunard, CostaPrincess and Holland America – also resumed their world cruise itineraries in January, offering long global voyages that visit several international destinations and countries.

China Joint-Venture Debut
After years in the making, Carnival’s joint venture with CSSC is set to launch service in China in 2023.

Named Adora Cruises, the new brand will serve the local market, offering itineraries from several Chinese homeports.

In addition to two ships acquired from Costa, the joint venture is set to operate a pair of new builds, which are currently being constructed at a shipyard in Shanghai and are scheduled for 2023 and 2025 deliveries.