Tag Archives: Carnival cruise

PortMiami Reports Increased Economic Impact in 2023

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PortMiami’s annual economic impact has grown to $61.4 billion, up from $41.4 billion in 2016, according to a study conducted by Martin Associates, according to a press release.

The study measured PortMiami’s impact in terms of jobs, business revenue, consumer spending and state and local taxes. PortMiami has contributed $2.2 billion in state and local taxes, of which $1.6 billion is attributed to port users. Additionally, 340,078 jobs are supported by port activity, including 29,423 direct local jobs.

“PortMiami is not only one of Miami-Dade County’s most important economic engines, its economic impact is also felt regionally and globally,” said Miami-Dade County Mayor Daniella Levine Cava. “This report confirms the seaport’s vital role in supporting good-paying local jobs and contributing to the growth of our community, in addition to our commitment to resilience and reducing our carbon footprint with shore power and our net zero plan.” 

Highlights of the 2023 study:

  • $61.4 billion in total economic activity, which accounts for 3.9 per cent of the $1.6 trillion Gross Domestic Product (GDP) for the state of Florida.
  • $2.2 billion in state and local taxes, of which $1.6 billion is attributed to Port users.
  • 340,078 jobs supported by port activity, including 29,423 direct local jobs.

The economic impact analysis was based on data obtained through interviews and telephone survey programs of the seaport’s tenants and the companies providing cruise and cargo services at PortMiami. In addition, a survey of cruise passengers and crew was conducted to develop passenger spending profiles pre- and post-cruise as well as the spending characteristics of the crew during each port call at Miami. 

“The seaport continues to play a critical role in the economic vitality of our region. We will continue to invest in our infrastructure to ensure that PortMiami remains a world-class cruise and cargo port,” said Hydi Webb, director and CEO, of PortMiami. “I want to thank all the seaport’s partners for their unrelenting support. Our continued growth and success are a result of strong collaborations.” 

Carnival Cruise Line Orders Another Newbuild for 2028 Delivery

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Carnival Corporation announced it has signed an agreement with Meyer Werft shipyard for a fifth Excel Class cruise ship for its Carnival Cruise Line brand, set to be delivered in 2028.

This announcement confirms the addition of the 11th Excel Class ship to the corporation’s fleet across four brands, with Carnival Cruise Line operating the fifth vessel. This follows a February announcement for a newbuild for Carnival with a 2027 delivery date.

“Carnival’s Excel-class fleet will soon be a quintet of these very popular ships that provide outstanding guest amenities and tremendous operating efficiencies,” said Christine Duffy, president of Carnival Cruise Line.

“Since the introduction of Mardi Gras in 2021 and the subsequent expansion with Carnival Celebration in 2022 and Carnival Jubilee in 2023, these Excel-class ships are driving excitement, demand, and strong guest satisfaction ratings. With the arrival of Carnival Firenze in April, we are completing the addition of five ships to our fleet in less than 20 months, and then we will pivot to another phase of growth with these two Excel ships.”

Like its sister ships, the new vessel will be powered by liquefied natural gas (LNG) and designed to carry over 6,400 guests and 1,800 crew.

“This new order continues to balance our commitment to growth with our responsible capital approach to utilize strong free cash flow over the next several years to strategically improve our balance sheet, significantly reduce our leverage levels and continue to transfer value from debt holders to shareholders,” said Josh Weinstein, CEO of Carnival Corporation.

“Carnival Cruise Line continues to perform at an outstanding level, and we are focused on adding capacity across the company where it aligns with demand and our position in the marketplace,” added Weinstein.

This measured capacity growth strategy will result in our adding one to two ships per year beginning in 2027, and we will be identifying additional fleet plans over the coming months for our cruise lines to meet capacity demand and improve execution across all aspects of our operation, with the benefit of yielding higher return on invested capital.”

“We are proud of the role the Excel Class from Meyer Werft and Meyer Turku has played in contributing to the success of Carnival Corporation for many years now. We look forward to continuing this success story together,” said Bernd Eikens, CEO of Meyer Group.

Carnival Freedom Battles Fire in Bahamas

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he Carnival Freedom suffered a fire on Saturday afternoon while sailing in stormy weather in the Bahamas.

Unconfirmed eyewitness reports posted to social media said the fire was due to a lightning strike, with the crew quickly getting the fire under control and eventually putting it out.

Video posted from passengers aboard showed the portside of Carnival’s whale-tail funnel on fire. Carnival Cruise Lien said on social media that part of the funnel had then fallen onto the open deck.

The ship reported the fire just after 3:00 p.m. local time while it was 20 miles off Eleuthera Island, Bahamas, heading to Freeport after a cancelled call to Princess Cay due to weather.

http://video.foxbusiness.com/v/6349626885112 

Carnival said the U.S. Coast Guard has been notified and that it had activated the company’s response team to support the ship’s crew.

“There are no operational issues with the ship’s systems and the ship is expected to arrive to Freeport on Sunday morning,” Carnival said in a statement posted on social media.

“The captain has made multiple announcements to guests and crew and advised all but essential safety personnel to stay away from all open decks. There are no injuries. The port side portion of the funnel has fallen onto Deck 10 and the fire response is putting out the flames.”

Carnival also said it did not expect any impact to the next Carnival Freedom voyage scheduled to depart from Port Canaveral on Monday, March 25.

Of note, the this is the same ship that had a funnel fire in 2022, with Carnival having to replace the funnel at a drydock in Spain late last year.