Carnival Freedom Battles Fire in Bahamas

Posted on 25 March, 2024 by Spacejunkie2

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.

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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.

Carnival Unveils Details for Celebration Key’s Paradise Plaza and Calypso Lagoon

Posted on 24 March, 2024 by Spacejunkie2

Carnival Cruise Line revealed details for Paradise Plaza and Calypso Lagoon, two of the five portals at its new Celebration Key destination on Grand Bahama set to debut in July 2025.

Paradise Plaza will feature a promenade, a 10-story-high Suncastle, live music and more. Destination information will help guests decide how they want to spend their day, whether by playing water sports, joining shore excursions or relaxing. There is also a Bahamian-themed fountain and ice cream shop.

The adult-friendly Calypso Lagoon, located west of Paradise Plaza, offers guests a chance to engage in athletic activities or take a dip in the freshwater lagoon surrounded by loungers, daybeds or cabanas.

On one side of the lagoon, guests will find a bar with nearly 50 swings so guests can dip their toes in the cool water while enjoying Bahamian cocktails. Additional bars are located around Calypso Lagoon as well as two full-service restaurants and casual snack shacks.

A section of Calypso Lagoon and the adjacent beach will be reserved for adults only. In this area, guests will find a swim-up bar with a DJ keeping the energy going all day.

“When guests see our Suncastle as they arrive at Celebration Key, they’ll know immediately they’re in for big FUN. Paradise Plaza will be the perfect welcome spot and will set the tone for the entire visit to this truly unique destination. These new details show the creative design that’s gone into the development of each portal, with Calypso Lagoon alone offering a wide variety of options to fill the day while honoring the beauty of Grand Bahama and celebrating Bahamian culture,” said Christine Duffy, president of Carnival Cruise Line.

S&P Upgrades Norwegian Cruise Line Credit Rating

Posted on 13 March, 2024 by Spacejunkie2

Norwegian Bliss in Ponta Delgarda, Azores photo credit Spacejunkie2 Flickr Account

Norwegian Cruise Line Holdings today announced that S&P Global Ratings (S&P) has recently upgraded NCLC’s (NCL Corporation, a subsidiary of Norwegian Cruise Line Holdings) issuer credit rating and issue-level ratings.

NCLC’s issuer credit rating has been upgraded to B+, marking a notable improvement in the company’s creditworthiness, according to a press release.

In addition, S&P has raised the issue-level ratings on NCLC’s existing secured and unsecured debt. The company’s senior secured debt ratings were raised to BB/BB- and its unsecured debt rating was upgraded two notches to B.

S&P highlighted several factors for the upgrade, including NCLC’s current forward-booked position, increased capacity, occupancy recovery, and higher pricing providing good revenue and cash flow visibility for 2024. In addition, S&P noted that the Company’s leverage will benefit from higher revenue, EBITDA, and cash as it generates a full year of operations from its 2023 ship deliveries, without incurring incremental ship delivery debt in 2024.

Further enhancing its financial position, on March 7, 2024, the company successfully completed the refinancing of its $650 million backstop commitment. This commitment has been refinanced from a secured to an unsecured commitment, and as part of this refinancing, the company has repaid its $250 million 9.75% senior secured notes due 2028, eliminating its highest interest rate debt.

“The upgraded ratings are an important recognition of the strength of our business and our ability to reduce leverage,” commented Mark A. Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. He continued, “Our recent refinancing, which reduces interest costs while releasing the related collateral, is a clear demonstration of our commitment to de-levering and improving our balance sheet.”