Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

CARNIVAL CORPORATION

(CCL)
  Report
Delayed Nyse  -  04:00:02 2023-01-27 pm EST
11.02 USD   +3.67%
01/27Holland America Line's 2023 Alaska Cruisetours Included in Wave Offer for Free Upgrades, Kids Cruise Free, Discounts and More
AQ
01/27European Equities Move Lower Friday, Set to End Week in Negative Territory
MT
01/27Salesforce Names Three New Independent Directors in Board Reshuffle
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

COSTA GROUP ESTABLISHES DECARBONIZATION DEPARTMENT; The new unit concentrates scientific and technical expertise from across the Group to focus on the goal of zero emission cruising for Costa and AIDA Cruises

06/16/2022 | 10:45am EST

Genoa- Costa Group-the leading European cruise company with its two brands Costa Cruises and AIDA Cruises, and a part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company-today announced the creation of a dedicated decarbonization department within its Carnival Maritime unit based in Hamburg.

The newly established department, which brings the Group's scientific and technical expertise under one roof, will be responsible for developing and implementing the strategy for achieving the decarbonization ambitions of the Costa and AIDA fleets, by 2050. The effort will have a strong focus on research and development, energy management and data analytics to develop the roadmap that will lead to zero emission ship operations.

As a priority, the newly created department will work to further improve the environmental performance of the existing fleet, working in synergy with the Sustainability Departments of the Costa and AIDA brands.

Specifically, the unit will be studying and testing new technologies, such as batteries, fuel cells, solar and wind power, to accelerate their availability.

Next-generation exhaust gas cleaning systems are currently being developed with partners to allow lower emission levels. Over time, developments in the application of alternative fuels on a large scale, including biofuels (liquefied biogas and biodiesel), methanol, ammonia and hydrogen fuels, will allow the ships to be flexible on the use of low- carbon energy. Solutions are being designed to meet requirements for newbuild ships, as well as for the current fleet, for the capability to store and utilize new-generation fuels.

'Addressing climate change requires a great effort and commitment, and we believe that the creation of our new dedicated task force is a key asset to accelerate the development of new concepts that can lead us to reach carbon neutral operations by 2050', said Michael Thamm, Group CEO, Costa Group and Carnival Asia. 'To meet this challenge, we intend to build collaborations and partnerships with other players in the value chain to continue our pioneering role within the cruise industry. We will also continue to work in close cooperation with governments to make sure that Europe can lead the way to sustainable cruising'.

Over the years, Costa Group has been leading sustainable innovation for the cruise industry by introducing new advanced technologies on board its existing and new ships. The company was the first to introduce LNG propulsion - the most advanced fuel technology available to reduce emissions - with four ships being already in service in the Costa Group fleet. Moreover, the majority of the ships in the fleet are equipped with shore power capabilities to be zero emission in ports, where this technology is available.

Currently, Costa Group is ready to install the biggest lithium-ion battery storage system on the cruise ship AIDAprima by the summer. Moreover, fuel cells powered by hydrogen derived from methanol are being currently installed on the AIDAnova to run the first tests this summer. With Ecospray, the Italian-based company of which Costa is shareholder, Costa Group is also working on carbon capture experimental projects.

For more information:

Costa Cruises Press Office - tel. +39 010 5483523 / 010 5483068 - costapressoffice@costa.it

Gabriele Baroni - Communication Director - mob. +39 3497668013 - baroni@costa.it

Rossella Carrara - VP Corporate Relations & Sustainability Costa Group - mob. +39 3497668008005 rossella.carrara@costa.it

Davide Barbano - Media Relations Manager - mob. +39 334 6525216 - barbano@costa.it

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CARNIVAL CORPORATION 3.67% 11.02 Delayed Quote.31.89%
COSTA GROUP HOLDINGS LIMITED 0.70% 2.89 Delayed Quote.5.09%
All news about CARNIVAL CORPORATION
01/27Holland America Line's 2023 Alaska Cruisetours Included in Wave Offer for Free Upgrades..
AQ
01/27European Equities Move Lower Friday, Set to End Week in Negative Territory
MT
01/27Salesforce Names Three New Independent Directors in Board Reshuffle
MT
01/26European Equities Move Lower, Led by Beverage, Pharma Stocks
MT
01/24Pharma Stocks Weigh Down European Equities in Tuesday Trading
MT
01/24Cunard sees strongest start to Wave in the last decade
PR
01/24Casino Expansion on Five Holland America Line Ships Means More Slot Action with Newest ..
AQ
01/23Holland America Line's 2024 Canada and New England Season Features Itineraries Up to 24..
AQ
01/23European Equities Rise as Consumer Confidence Grows
MT
01/23Cunard to offer legendary rocky mountaineer train tours for guests visiting alaska this..
PR
More news
Analyst Recommendations on CARNIVAL CORPORATION
More recommendations
Financials (USD)
Sales 2022 12 344 M - -
Net income 2022 -5 581 M - -
Net Debt 2022 29 749 M - -
P/E ratio 2022 -2,33x
Yield 2022 -
Capitalization 14 082 M 14 082 M -
EV / Sales 2022 3,55x
EV / Sales 2023 2,08x
Nbr of Employees 40 000
Free-Float 70,1%
Chart CARNIVAL CORPORATION
Duration : Period :
Carnival Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CARNIVAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 11,02 $
Average target price 11,11 $
Spread / Average Target 0,82%
EPS Revisions
Managers and Directors
Josh Weinstein President & Chief Executive Officer
David Bernstein Chief Financial & Accounting Officer
Micky Meir Arison Chairman
Gregory A. Sullivan Chief Information Officer
Richard Brilliant Chief Risk & Compliance Officer
Sector and Competitors