1992 Carnival agrees to acquire a percentage of Seabourn Cruise Lines Seabourne

1992 carnival agrees to acquire a percentage of

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1992: Carnival agrees to acquire a percentage of Seabourn Cruise Lines. Seabourne served the ultra-luxury market, running tours to locations such as South America, the Baltics, the Mediterranean, and Southeast Asia. 1993: $300 million cruise ship /Sensation delivered.1994: $315 million cruise chip/Fascination delivered.1995: $330 million cruise ship/ Imagination delivered.1996: Maiden voyage of the Carnival Destiny, the largest passenger ship afloat at 101,000 tons and room for 2,640 passengers1997: In 1997 Carnival purchased a 50 percent interest in Costa Cruise Lines, in partnership with Airtours, a travel company. These acquisitions strengthened the company's presence around the world, but especially in the Caribbean.
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1998: The company's largest acquisition came in 1998 when it purchased a controlling interest in the Cunard White Star Line. Cunard's five ships, including the QE2, the Vistafjord, the Royal Viking Sun, and Sea Goddess I and II catapulted Carnival into the super-luxury cruise line business.1998: By 1998 the company had changed its legal name to Carnival Corporation, to emphasize the growing diversity within its cruise lines. When every indicator seemed to point the way toward uninterrupted and uneventful prosperity for the company,1998: Disaster struck. In July 1998, the cruise ship Ecstasy caught fire after leaving the port in Miami, Florida bound for Newport News with 2,575 passengers on board. Although no one got injured by the fire and evacuation, the ship suffered extensive damage to more than 100 cabins while heat and smoke damaged adjacent sections of the vessel. The precise cause of the fire remained unknown, but the Ecstasy was examined meticulously and refitted in drydock; it re-entered cruising service not long afterward. Fortunately, there was no bad public relations problems that arose from the fire(Carnival Corporation, N.d.)2000 - 20222003: P&O Princess Cruises plc is acquired; Carnival Cruise Line changed its name to Carnival plc.2004: Carnival Miracle is introduced.2005: Debuts of a fourth 110,000-ton vessel: the Carnival Liberty and a conquest class vessel the Valon later that year.2008: Carnival introduced a new class at 113,000 tons the Splendor2009: Introduced a brand new class of vessel at 130,000 tons the Carnival Dream, the largest “Fun Ship ever constructed.2011: 130,000 ton Carnival Magic enters service2012: A third Dream Class ship, the Carnival Breeze is introduced2013: On October 28, 2013, Mickey Arison, Carnival Corporations’ billionaire chairman and CEO, finally lost grip of his company after a series of disasters. The worst of these was The Carnival Triump, which caught fire with 3,143 passengers on board. This catastrophe created a lackluster performance. Another tragedy reared its head when
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The Concordia ran aground in Italy, killing 32 people. After this happened Carnival’s profit margins plunged by two-thirds. Carnival’s stock laid flat for the past ten years while The Royal Caribbean, Carnivals biggest competitor, rose 25% along with a 60% increase in the S& P.
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