Carnival Corporation sells 2 more cruise ships

   July 31, 2020 ,   Cruise Industry

The world's largest cruise shipowner Carnival Corporation announced on Wednesday, July 29, in a Form 8-K financial filing that it will get rid of 2 more cruise vessels, in addition to the 13 liners it had previously announced it would sell.

The decision to sell the cruise ships is intended to align the fleet with the phased restart of passenger shipping operations while generating cost savings.

Carnival Corporation & plc

The Corporation evaluated the additional two vessels and concluded their carrying values were no longer recoverable when compared to the estimated remaining future cash flows.

And, as a result, Carnival Corporation expects to record non-cash impairment charges during the 3rd quarter in the range of US$600-650 million.

Carnival has not disclosed which cruise ships will be the 2 new ones to be sold. Details are expected on a later date.

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