Ombud Posted January 9, 2021 #26 Share Posted January 9, 2021 6 hours ago, Steelers36 said: Who's going to buy them? CCL has off loaded 18 ships and sent another 2 down the food chain (Star & Golden Princess are now PO Australian ships Encounter & Adventure) Ships off loaded (not transferred within CCL): 1. Costa Atlantica -> CSSC 2. Costa Mediterranea -> CSSC 3. Costa neoRomantica -> Celestyal Cruises Experience 4. HAL Amsterdam -> Fred Olsen Bolette 5. HAL Rotterdam -> Fred Olsen Borealis 6. HAL Maasdam -> Seajets Aegan Myths 7. HAL Veendam -> Seajets Aegean Majesty 8. P&O Oceana -> Seajets Queen of the Oceans 9. POAU Pacific Aria -> Seajets 10. POAU Pacific Dawn -> Ocean Builders MS Satoshi, now scrapped by them 11. Sea Princess > Sanya Int Cruise Charming 12. Sun Princess > Peace Boat Pacific World Scrapped: 13. Costa Victoria 14. Carnival Fantasy 15. Carnival Inspiration 16. Carnival Fascination 17. Carnival Imagination 18. ?? Older ships by delivery date: 1991: Carnival Ecstasy 1993: Carnival Sensation 1996: AIDAcara 1997: POAU Explorer 1998: Carnival Elation, Carnival Paradise, & Grand Princess 1999: Pacific Princess & HAL MS Volendam 2000: HAL MS Zaandam & PO Aurora 1 Link to comment Share on other sites More sharing options...
Sue from Canada Posted January 9, 2021 #27 Share Posted January 9, 2021 I'm still waiting for my deposit to be refunded. I called one number yesterday and there was no service!!! Guess I'll try a different number on Monday. Link to comment Share on other sites More sharing options...
dog Posted January 9, 2021 #28 Share Posted January 9, 2021 49 minutes ago, Ombud said: CCL has off loaded 18 ships and sent another 2 down the food chain (Star & Golden Princess are now PO Australian ships Encounter & Adventure) Ships off loaded (not transferred within CCL): 1. Costa Atlantica -> CSSC 2. Costa Mediterranea -> CSSC 3. Costa neoRomantica -> Celestyal Cruises Experience 4. HAL Amsterdam -> Fred Olsen Bolette 5. HAL Rotterdam -> Fred Olsen Borealis 6. HAL Maasdam -> Seajets Aegan Myths 7. HAL Veendam -> Seajets Aegean Majesty 8. P&O Oceana -> Seajets Queen of the Oceans 9. POAU Pacific Aria -> Seajets 10. POAU Pacific Dawn -> Ocean Builders MS Satoshi, now scrapped by them 11. Sea Princess > Sanya Int Cruise Charming 12. Sun Princess > Peace Boat Pacific World Scrapped: 13. Costa Victoria 14. Carnival Fantasy 15. Carnival Inspiration 16. Carnival Fascination 17. Carnival Imagination 18. ?? Older ships by delivery date: 1991: Carnival Ecstasy 1993: Carnival Sensation 1996: AIDAcara 1997: POAU Explorer 1998: Carnival Elation, Carnival Paradise, & Grand Princess 1999: Pacific Princess & HAL MS Volendam 2000: HAL MS Zaandam & PO Aurora Thanks for answering this for us! Quite a list. 1 Link to comment Share on other sites More sharing options...
dog Posted January 9, 2021 #29 Share Posted January 9, 2021 5 hours ago, caribill said: No, in Turkey: https://www.cnn.com/travel/gallery/cruise-ship-breaking-yard-aliaga-turkey/index.html https://www.middleeasteye.net/news/coronavirus-turkey-cruise-ships-scrapyard-booms Thanks for sharing links to sources re: who is buying them etc. Link to comment Share on other sites More sharing options...
travelhound Posted January 9, 2021 #30 Share Posted January 9, 2021 On 1/8/2021 at 2:18 PM, AtlantaCruiser72 said: As Princess is a wholly owned subsidiary of Carnival Corp, and not a stand alone corporation, if Princess as a brand were to cease operations Carnival Corp would be the DIP (debtor in possession) responsible to repay consumers money. It would take complete liquidation of Carnival Corp for us as consumers to lose our monies held with Princess. Good point 👍 Link to comment Share on other sites More sharing options...
Ombud Posted January 9, 2021 #31 Share Posted January 9, 2021 1 hour ago, Sue from Canada said: I'm still waiting for my deposit to be refunded. I called one number yesterday and there was no service!!! Guess I'll try a different number on Monday. How long have you been waiting? If pre-November mass cancelation batch, you might want to try emailing csteinke@princesscruises.com or kbaldwin@princesscruises.com for a faster response. Link to comment Share on other sites More sharing options...
Outerdog Posted January 10, 2021 #32 Share Posted January 10, 2021 On 1/8/2021 at 1:32 PM, Thrak said: Stifel just added CCL as an item to watch to go up in value. Not worried at all. Where else is it gonna go? 1 Link to comment Share on other sites More sharing options...
Steelers36 Posted January 10, 2021 #33 Share Posted January 10, 2021 3 hours ago, Ombud said: CCL has off loaded 18 ships and sent another 2 down the food chain (Star & Golden Princess are now PO Australian ships Encounter & Adventure) Ships off loaded (not transferred within CCL): 1. Costa Atlantica -> CSSC 2. Costa Mediterranea -> CSSC 3. Costa neoRomantica -> Celestyal Cruises Experience 4. HAL Amsterdam -> Fred Olsen Bolette 5. HAL Rotterdam -> Fred Olsen Borealis 6. HAL Maasdam -> Seajets Aegan Myths 7. HAL Veendam -> Seajets Aegean Majesty 8. P&O Oceana -> Seajets Queen of the Oceans 9. POAU Pacific Aria -> Seajets 10. POAU Pacific Dawn -> Ocean Builders MS Satoshi, now scrapped by them 11. Sea Princess > Sanya Int Cruise Charming 12. Sun Princess > Peace Boat Pacific World Scrapped: 13. Costa Victoria 14. Carnival Fantasy 15. Carnival Inspiration 16. Carnival Fascination 17. Carnival Imagination 18. ?? Older ships by delivery date: 1991: Carnival Ecstasy 1993: Carnival Sensation 1996: AIDAcara 1997: POAU Explorer 1998: Carnival Elation, Carnival Paradise, & Grand Princess 1999: Pacific Princess & HAL MS Volendam 2000: HAL MS Zaandam & PO Aurora That's quite the thorough research to you did, so kudos for that. My remark earlier was somewhat tongue-in-cheek to the suggestion that Princess could sell excess ships. With potentially all cruise lines looking to shed ships, it is a valid question as to who would buy them (at least for a reasonable ROI). Most of your listed sails occurred in a growing cruise industry whereas today, much is unknown. Link to comment Share on other sites More sharing options...
ipeeinthepool Posted January 10, 2021 #34 Share Posted January 10, 2021 On 1/8/2021 at 3:18 PM, AtlantaCruiser72 said: As Princess is a wholly owned subsidiary of Carnival Corp, and not a stand alone corporation, if Princess as a brand were to cease operations Carnival Corp would be the DIP (debtor in possession) responsible to repay consumers money. It would take complete liquidation of Carnival Corp for us as consumers to lose our monies held with Princess. I'm not sure I see the difference. I'll bet the rest of the cruise lines in the Carnival Corp are not in any financial position than Princess. So if Princess went bankrupt I'll bet HAL, Carnival and others won't be in any better financial condition than Princess. 1 Link to comment Share on other sites More sharing options...
nocl Posted January 10, 2021 #35 Share Posted January 10, 2021 (edited) 2 hours ago, Outerdog said: Where else is it gonna go? Considering the number of shares issued and those represented by the convertible bonds if CCl was generating the same level of profit as they were in 2019 (highly unlikely with the number of bonds issued) the current stock level would represent a similar earnings per share level. You can see how the number of shares has increased here https://ycharts.com/companies/CCL/shares_outstanding The stock is certainly not trading on fundamentals. Edited January 10, 2021 by nocl 1 Link to comment Share on other sites More sharing options...
Redwing55 Posted January 10, 2021 #36 Share Posted January 10, 2021 (edited) I'm not worried. I've backed that up with buying Princess "gift cards" recently. Took advantage of the bonus along with Amex's $100 credits. Come on 2022 and Hawaii! Edited January 10, 2021 by Redwing55 Link to comment Share on other sites More sharing options...
ipeeinthepool Posted January 10, 2021 #37 Share Posted January 10, 2021 6 hours ago, Redwing55 said: I'm not worried. I've backed that up with buying Princess "gift cards" recently. Took advantage of the bonus along with Amex's $100 credits. Come on 2022 and Hawaii! You're certainly a believer. Have you also bought Redwing's season tickets? Good Luck Link to comment Share on other sites More sharing options...
Redwing55 Posted January 11, 2021 #38 Share Posted January 11, 2021 (edited) 18 hours ago, ipeeinthepool said: You're certainly a believer. Have you also bought Redwing's season tickets? Good Luck Good one! 😂 But, no. Now if they had a discount for 21-22 season.. Hmm, I might be in.😃 $400 for $550 of credit is a pretty good tax free return. Edited January 11, 2021 by Redwing55 Link to comment Share on other sites More sharing options...
mcrcruiser Posted January 11, 2021 #39 Share Posted January 11, 2021 CCL has strong cash reserves . There should be no problem as they restart in May 2021 1 1 Link to comment Share on other sites More sharing options...
Ombud Posted January 12, 2021 #40 Share Posted January 12, 2021 (edited) CCL hasn't identified #18 yet and now they say #19 will also go. This article doesn't recognize all 17 out (12 sold, 5 scraped or scheduled to be scraped). So now to wonder #18 & #19 https://www.cruiseindustrynews.com/cruise-news/24180-four-more-cruise-ships-expected-to-leave-carnival-corp-fleet.html Edited January 12, 2021 by Ombud 1 Link to comment Share on other sites More sharing options...
Bgwest Posted January 12, 2021 #41 Share Posted January 12, 2021 OP, no. 1 Link to comment Share on other sites More sharing options...
pris993 Posted January 12, 2021 #42 Share Posted January 12, 2021 I don't know anything, but think this kind of discussion is meaningless. If you are worried cancel and get your money back, if not wait and see what happens. Link to comment Share on other sites More sharing options...
Ombud Posted January 12, 2021 #43 Share Posted January 12, 2021 11 hours ago, pris993 said: I don't know anything, but think this kind of discussion is meaningless. If you are worried cancel and get your money back, if not wait and see what happens. IMHO we've drifted to answers that aren't about whether or not we will cruise again but if CCL will continue with all lines (Aida, Carnival, Costa, Cunard, HAL, especially PCL, Seaborn) so it wandered into whether it's a viable company or if PCL goes the way of Pullmantur. Valid discussion So tweaking your answer, my answer would be: " If you are worried about CCL sell, if just about FCC on PCL cash out your FCC and relinquish bonus FCC. If not wait and see what happens." I'm fine but I'm down to 100 shares. Already took profits 📈 to cancel some of earlier losses 1 1 Link to comment Share on other sites More sharing options...
dog Posted January 12, 2021 #44 Share Posted January 12, 2021 5 minutes ago, Ombud said: IMHO we've drifted to answers that aren't about whether or not we will cruise again but if CCL will continue with all lines (Aida, Carnival, Costa, Cunard, HAL, especially PCL, Seaborn) so it wandered into whether it's a viable company or if PCL goes the way of Pullmantur. Valid discussion So tweaking your answer, my answer would be: " If you are worried about CCL sell, if just about FCC on PCL cash out your FCC and relinquish bonus FCC. If not wait and see what happens." I'm fine but I'm down to 100 shares. Already took profits 📈 to cancel some of earlier losses Agree. I find the thread useful. Appreciate other’s knowledge & opinions. mods will remove it if not. Link to comment Share on other sites More sharing options...
Ombud Posted January 12, 2021 #45 Share Posted January 12, 2021 (edited) Am I correct that this should lessen outflow up to 3rd quarter? A good thing?! Edited January 12, 2021 by Ombud 1 Link to comment Share on other sites More sharing options...
Sprocket Posted January 12, 2021 #46 Share Posted January 12, 2021 I am not worried in fact I'm looking into buying the requisite 100 shares for OBC, wish I would have bought earlier but I'm still ok with the price its trading at now. If they were just bleeding money probably not the greatest investment but people are still booking cruises we have 3 booked for this year and one in the works so far for next year. Now if someone could speed up the vaccine process and the border reopen we will fingers crossed, be good to go in early August. 2 Link to comment Share on other sites More sharing options...
GonzoWCS Posted January 12, 2021 #47 Share Posted January 12, 2021 No worries here. Cheers 1 Link to comment Share on other sites More sharing options...
mnocket Posted January 12, 2021 #48 Share Posted January 12, 2021 CCL has said that they have enough cash to stay in business for another cruiseless year. https://www.miamiherald.com/news/business/tourism-cruises/article248421205.html 1 1 Link to comment Share on other sites More sharing options...
Earthworm Jim Posted January 14, 2021 #49 Share Posted January 14, 2021 On 1/11/2021 at 10:02 AM, mcrcruiser said: CCL has strong cash reserves . There should be no problem as they restart in May 2021 I don't think you can be confident that they'll restart in May 2021. All that really tells us is that they won't restart before May 2021 at best. 2 Link to comment Share on other sites More sharing options...
voljeep Posted January 14, 2021 #50 Share Posted January 14, 2021 8 minutes ago, Earthworm Jim said: I don't think you can be confident that they'll restart in May 2021. All that really tells us is that they won't restart before May 2021 at best. a second Alaska season is in serious jeopardy ... 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now