Carnival Corporation & plc
Carnival Corporation & plc is a British-American cruise operator with a combined fleet of over ninety vessels across nine cruise line brands and one joint venture with China State Shipbuilding Corporation (CSSC).[4] A dual-listed company, Carnival is composed of two companies – Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc – which function as one entity. Carnival Corporation is listed on the New York Stock Exchange, whereas Carnival plc is listed on the London Stock Exchange with an ADR listing on the NYSE.[7] Carnival is listed in both the S&P 500 and FTSE 250 indices.[8]
Company type
Dual-listed; Public (Panama corporation and UK public limited company)
Carnival Cruise Line[1] (an existing subsidiary; Carnival Corporation)
P&O Princess Cruises[2] (Carnival plc)
- Ted Arison[3] (for the Carnival Cruise Line)
Miami, Florida, U.S. (Operations: Doral, Florida, U.S.)
Southampton, United Kingdom
Legal domicile of Carnival Corporation: Panama
Worldwide
Micky Arison
(Chairman)
Joshua Weinstein
(President and CEO)
US$21.593 billion (2023)[5]
US$1.956 billion (2023)[5]
−US$0.074 billion (2023)[5]
US$49.120 billion (2023)[5]
US$6.882 billion (2023)[5]
90,000 (2024)[6]
The American entity Carnival Corporation has its headquarters in the United States,[9] with operational headquarters located in the city of Doral, Florida. The UK entity Carnival plc has its headquarters in Southampton, England.[10][11]
Violations of environmental laws[edit]
In 2002 the Carnival Corporation pleaded guilty in United States District Court in Miami to criminal charges related to falsifying records of the oil-contaminated bilge water that six of its ships dumped into the sea from 1996 through 2001. The Carnival Corporation was ordered to pay $18 million in fines and perform community service, received five years' probation and must submit to a court-supervised worldwide environmental-compliance program for each of its cruise ships.[56]
For dumping oiled waste into the seas and lying to cover it up, Princess Cruise Lines was fined $40 million in 2016. According to federal authorities, it was the "largest-ever criminal penalty" for intentional vessel pollution. Officials said that these practices began in 2005 and persisted until August 2013, when a newly hired engineer blew the whistle. As part of its plea agreement, ships of the parent company Carnival Cruise lines were subjected to a court supervised environmental compliance plan for five years.[57]
For violation of the probation terms of 2016 Carnival and its Princess line were ordered to pay an additional $20 million penalty in 2019. The new violations included discharging plastic into waters in the Bahamas, falsifying records, and interfering with court supervision.[58]
Carnival has had various notable ships in the past including: