MSC Showcases 2025 Status of Coral Reefs of the World Report

Posted on 2 September, 2026 by Spacejunkie2

MSC Showcases 2025 Status of Coral Reefs of the World Report

MSC Cruises has announced that an MSC Foundation-supported report, drawing on more than 21 million observations, warns that marine heatwaves are reducing the time reefs have to recover.

The report is the largest global assessment of coral reef condition ever produced by the Global Coral Reef Monitoring Network (GCRMN).

It reveals the scale of the declining coral reef cover worldwide and highlights the importance of science-based conservation and long-term monitoring to help reefs recover and build resilience.

“We are proud to have contributed to this extraordinary global scientific effort,” said Daniela Picco, executive director of the MSC Foundation.

“Coral reefs are sending us a clear message: these vital ecosystems are under increasing pressure worldwide. Yet the report also shows that where local stressors are managed effectively, reefs can recover,” added Picco.

“This is why we strongly believe in the importance of investing in research and monitoring, which helps inform restoration locally.”

“This report provides the most comprehensive assessment to date of the status of the world’s coral reefs,” said Dr Manuel Gonzalez Rivero, lead author of the report.

“The strongest pathway to safeguard coral reefs is rapid emissions reductions, effective action on local pressures and sustained long-term monitoring so action is targeted where it matters most,” added Rivero.

According to MSC, coral reefs cover only 0.2 percent of the ocean floor, but they are home to more than 25 percent of all marine species. The report shows a relative decline of 9.5 percent compared to the baseline average for 1980-2009, with the steepest losses following mass bleaching events driven by marine heatwaves.

Despite the global decline, several regions show that reefs can recover when local threats are managed effectively. This provides an important message for policymakers and reef managers: well-designed local action can make a measurable difference.

MSC said in a press release that the report shows the Caribbean has shown a strong decline in coral cover, especially following strong marine heatwaves and disease outbreaks.

The 2025 GCRMN assessment draws on 40 years of global data, bringing together 21,1 million observations from 36,886 reef sites, more than 10 times the number included in the 2020 report. More than 600 partners worldwide collated the data across many reef monitoring networks.

The full report is available here.

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

Posted on 25 September, 2013 by Spacejunkie2

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.

Carnival CEO Steps Down and Carnivals Recovery Period.

Posted on 26 June, 2013 by Spacejunkie2

Arison steps down as CEO of Carnival Corp.; remains chairman

By Tom Stieghorst

Arnold Donald will take over from Micky Arison as CEO of Carnival Corp.

Micky Arison will give up the job as CEO of Carnival Corp., but remain chairman of the cruise company his father founded 40 years ago.

Carnival said Arnold Donald, a board member for the past 12 years, will become CEO effective July 3.

“I have been discussing this with the board for sometime now and feel the timing is right to align our company with corporate governance best practices and turn over the reins after 34 years as CEO,” Arison said. “Arnold is an exceptional professional with extensive experience in organizational leadership who will bring a fresh perspective to the company.”

Arnold has been an senior executive at Monsanto Corp., and founded and led Merisant, a company whose products include tabletop sweetener brands Equal and Canderel.

He also is former president and CEO of the Executive Leadership Council, a professional network and leadership forum for African-American executives of Fortune 500 companies.

Carnival Corp.’s Frank talks recovery period for Carnival brand

By Tom Stieghorst

A full recovery at the Carnival Cruise Lines (CCL) brand will take two to three years, Carnival Corp. Vice Chairman Howard Frank said in a call with Wall Street analysts.

In discussing Q2 results, Frank presented an analysis of yields both including CCL and excluding CCL, the way Carnival had previously done for Costa Cruises after the Costa Concordia accident. In answering a later question, however, Frank said the two were different situations and markets.

He said the two- to three-year full recovery period was based on consultants who looked at two negative events outside the cruise industry as models. “Their view is that although we’re a very different industry, it’s likely we will follow the same pattern.”

The impact of the Carnival Triumph and subsequent incidents tied to CCL ships will reduce Carnival Corp.’s 2013 results by about $388 million, Frank said, including $124 million for canceled sailings, $210 million in lower revenue yields, and about $54 million in vessel enhancements and extra marketing.

Frank said the extra marketing would come in three areas: funds directed at travel agents, including cooperative advertising; social media; and possibly more TV ads. In the fall, Carnival will look at marketing for particular brands, he said.

Frank explicitly thanked travel agents during the call. “Many of our travel agent partners have been very supportive during this challenging period, and for that we are very grateful,” he said.