By Jonathan Levin (Bloomberg)
Cruise shares advanced after the U.S. Centers for Disease Control and Prevention outlined a new path to the resumption of voyages.
According to the new guidance in a letter to companies on Wednesday, ships can return to U.S. waters with paying customers if 95% of guests and 98% of crew are vaccinated, bypassing a previous requirement for starting with trial voyages, according to a summary provided by a person with knowledge of the matter, who asked not to be named discussing private communications. The letter was previously reported by USA Today.
Royal Caribbean Cruises Ltd. rose as much as 5.7% to $92.45 in New York trading. Carnival Corp., the industry market-share leader, rose as much as 4.8%, and Norwegian Cruise Line Holdings Ltd. advanced as much as 7.1%.
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By Jonathan Levin (Bloomberg)
Carnival Corp.’s flagship cruising brand extended its pause on U.S. departures through the end of April and shelved operations in Australia through mid-May amid lingering pandemic concerns.
Carnival Cruise Line also canceled European trips on Carnival Legend that had been poised to start in May, and delayed trips on Mardi Gras from Port Canaveral, Florida, until the end of that month, according to a statement Friday.
The announcement is the latest in a long line of delays since the entire industry essentially went on hold in mid-March. In the pandemic’s early days, outbreaks on ships killed customers and crew and turned some vessels into pariahs that no port would accept.