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Carnival Corporation to sell 13 ships as market shrinks

Carnival Corporation will sell a total of 13 ships this year as the cruise giant seeks to cut capacity in the wake of the Covid-19 outbreak.

The company had previously confirmed plans to dispose of six ships, but has now more than doubled the number as it pans its phased re-entry to the market.

The company sold one ship during June and has agreements for the disposal of five ships and preliminary agreements for an additional three ships, all of which are expected to leave the fleet in the next 90 days.

These agreements are in addition to the sale of four ships, which were announced prior to fiscal 2020.

In total, the 13 ships expected to leave the fleet represent a nearly nine per cent reduction in current capacity.

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