P&O Cruises takes delivery of ‘step change’ Britannia

By Phil Davies

P&O Cruises new vessel Britannia is  a “mega step change” for the company, according to chairman David Dingle.

Speaking as the ship was presented to the company by the Italian Fincantieri shipyard near Trieste, Dingle said the ship would propel the line forward to meet the needs of new and returning customers alike.

Before vowing that “Britannia will once again rule the waves”, Dingle said: “This not just a ship for Britain, it’s a ship for a new Britain. A more vibrant, more exciting Britain.”

Dingle congratulated Fincantieri for their hard work and said the partnership between the shipyard and Carnival had helped to shape the cruise industry.

“Cruising has become a vibrant expanding part of the mainstream holiday business and our two businesses, Fincanteiri and Carnival, as market leaders in our different industry sectors, have played a role in this.

“Taking delivery of a ship is just the beginning for now we must attract passengers to Britannia not only this year but for the next 30 years and we will, because we know it’s contemporary, groundbreaking ships which attract others into cruising.”

He said he believed the new ship would help push the number of UK cruisers to the two million mark, as well as showing that the “UK was an established part of Carnival’s continuing growth.”

Britannia is the fifth P&O Cruises ship to be built by Fincanteiri, and the largest ship built for the brand.

Carnival Corp. CEO was paid $8.7 million last year

Carnival Corp. president and CEO Arnold Donald received $8.7 million in compensation last year, an increase of 11% from 2013.

The cruise company’s 2014 net income rose 14.4% in 2014. Carnival’s stock price rose 12.8% over the year.

Donald earned a salary of $1 million, plus stock compensation worth $3.5 million, non-equity compensation plan remuneration of $3.9 million and $291,000 of other compensation, including private use of the corporate jet.

The five mostly highly paid executives at CarnivalCorp.  earned a combined $32.7 million, including $6.5 million for Costa Group CEO Michael Thamm, $6.1 million for departed Carnival Cruise Lines president and CEO Gerry Cahill, $6.1 million for chief operations officer Alan Buckelew, and $5.2 million for CFO David Bernstein.

The information is contained in a statement filed with U.S. financial regulators in advance of the annual shareholders meeting, which is set for April 14 in London.

Carnival Vista to sail from Miami

The Miami-Dade Board of County Commissioners approved a new lease for Carnival Corp. at Port Miami that stipulates the Carnival Vista will use the port after it is delivered next year.

The deal calls for Carnival Vista to sail from Port Miami for 24 months out of its first three years in service. Carnival had not previously disclosed where Vista would sail from after its inaugural series of cruises next summer in the Mediterranean.

Carnival’s newest ship, Carnival Breeze, currently sails from Miami. Its next most recent ship, Carnival Magic, debuted in Galveston, Texas, after a European summer launch.