Tag Archives: Costa ships

Costa hires food-waste consultant

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Costa Dolorosa
 Costa Cruises has partnered with Winnow, a London company that reduces food waste for hospitality companies.

The Costa Diadema is already serving as a lab for process improvements that will be implemented on all Costa ships in Europe and Asia.

On its website, Winnow said the hospitality sector wastes 600,000 tons of food per year compared to the retail sector (including supermarkets), which wastes 400,000 tons. Winnow said that on sites where it has worked for over six months, it has reduced food waste (by value) by an average of 65%, and that savings break even with Winnow’s fees in the second month of operations.

“Tackling food waste is a huge opportunity for the sector, and with the right tools can be transformative for the entire cruise line industry,” Winnow CEO and co-founder Marc Zornes said.

Write downs a factor in lower Q3 earnings for Carnival Corp.

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Write downs a factor in lower Q3 earnings for Carnival Corp.

By Tom Stieghorst
Carnival Corp. earned $934 million in the key third quarter, down 28% from the $1.3 billion earned in the same quarter last year.

Revenue of $4.7 billion was in line with last year, Carnival said.

Carnival said it had impairment charges of $203 million to write down the value of two older Costa ships, its Ibero Cruises trademark and other items. Those were partly offset by a gain on fuel derivative contracts.

Like other cruise lines, Carnival earns the bulk of its annual profits in the third quarter, which at Carnival includes the months of June, July and August.

For all of 2013, Carnival said it expects to earn $1.2 billion.

Carnival also reported income on a non-GAAP accounting basis, a method favored by some investors. By that measure, it earned $1.1 billion, down from $1.2 billion a year ago.