- Carnival Corporation & plc partners are marking the company’s first new build order.
- Carnival Jubilee represents dedication to reducing greenhouse gas emissions.
- Driving revenue growth by enhancing operational execution across its portfolio of cruise lines.
Carnival Corporation & plc partners with German shipbuilder Meyer Werft for the construction of a cutting-edge LNG-fueled Excel-class cruise ship, marking the company’s first newbuild order in five years, reports Offshore Energy.
Key Features of the New Ship
The upcoming vessel, named Carnival Jubilee, will be the tenth Excel-class ship in the Carnival Corporation fleet, boasting a weight of 180,000 tons and accommodating over 6,400 guests.
Environmental Commitment
Scheduled for a spring 2027 debut, Carnival Jubilee represents Carnival Corporation’s dedication to reducing greenhouse gas emissions, as it will utilize an LNG technology platform for propulsion, aligning with the company’s goal of an 18% reduction in emission intensity by 2024 compared to 2019 levels.
Strategic Financial Approach
CEO Josh Weinstein emphasizes a responsible capital approach, leveraging substantial free cash flow to improve the company’s balance sheet and reduce leverage levels. This measured capacity growth strategy includes the addition of one to two ships annually from 2027 onwards, ensuring efficient allocation to meet rising demand while maximizing shareholder value.
Focus on Operational Excellence
Carnival Corporation remains focused on driving revenue growth by enhancing operational execution across its portfolio of cruise lines, aiming for higher returns on invested capital. This commitment underscores the company’s dedication to delivering exceptional experiences for its guests while maintaining sustainable business practices.
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Source: offshore energy
