Carnval Corporation chief executive Arnold Donald has told shareholders a long-term plan to build nine new ships across two European shipyards will benefit further from current weakness in the US dollar versus the Euro.
In the company’s Q1 financial results, Donald said US revenues and expenses will decrease as the USD strengthens, with the firm seeing higher net incomes of US$159m following a $3m loss compared to Q1 last year.
Late last week, Carnival Corp announced it has signed Memos of Agreement with two European shipyards to build nine new “groundbreaking” ships from 2019 to 2022 (CW breaking news).
Italian shipyard Fincantieri will build five of the newbuilds, while Meyer Werft will construct four.
Once in service, the ships will be deployed in the Europe, USA and Chinese markets, with details on which brands will operate the ships to be advised in due course.
