Stocks Fall to 52-Week Lows for Carnival and Norwegian
Shares in two of the world’s largest cruise operators - Carnival Corporation and NCLH - dropped to 52-week lows on Thursday.
Corporate News
Flexport Defeats Peloton’s $33.7M Claim Over Shipping Fees
Flexport successfully defends itself against $33.7 million Peloton claim with the FMC over detention, demurrage and storage charges.
US Plans $15m Digital Upgrade for Sri Lanka’s Colombo Port
The US is preparing a $15 million assistance package to improve digital infrastructure at the Port of Colombo, Sri Lanka.
Frank Del Rio’s $8m Lawsuit Against NCLH Dismissed
Frank Del Rio’s lawsuit against Norwegian Cruise Line Holdings and four former directors has been dismissed.
Hapag-Lloyd Revises $4.2bn ZIM Deal Amid Israeli Concerns
Hapag-Lloyd and Israeli private equity group FIMI are restructuring their proposed $4.2 billion acquisition of ZIM.
Princess Cruises Ends Local Sales Operations in Taiwan
Princess Cruises ended its sales operations in Taiwan on August 31, 2026, according to an article in Taiwan News.
Samsung Seeks at Least $186m From CMA CGM Over Cargo Fees
Samsung Electronics America pursues at least $186 million from CMA CGM in one of biggest shipper claims from the pandemic shipping crisis.
Jamaica Honors Top Cruise Travel Advisors at 2026 Awards
Jamaica Vacations Limited (JAMVAC) honors its five leading cruise travel advisors for 2024-2026 Regal Rewards Awards on August 29.
Heineken Expands Cruise Bar Crew Training Program in 2026
Heineken grows cruise industry training initiative, aiming to train 2,500 bar crew across Europe and the United States in 2026.
Cruise Industry Brings Billions to Australian Economy
Cruise passengers spent $1.82 billion during Australia's 2024-25 season, with average spending ashore approximately $440 per passenger.
South Korea Targets 25 GW of Offshore Wind Zones by 2031
South Korea is changing its approach to offshore wind development, with the government taking responsibility for selecting suitable sites.
US and New Zealand Back $60m Cook Islands Port Upgrade
United States and New Zealand commit around $60 million towards redevelopment of Penrhyn Port in northern Cook Islands.
NCLH Seeks Dismissal of Frank Del Rio’s $8m Lawsuit
NCLH and former directors ask Miami-Dade judge to permanently dismiss compensation lawsuit brought by former President and CEO.
NCLH Plans $20 Billion Fleet Overhaul with 16 New Ships
Norwegian Cruise Line Holdings (NCLH) is planning to spend almost $20 billion on modernizing its fleet.
Cunard Launches Labor Day Sale with Fares From $999
Cunard launches its Labor Day Sale, offering reduced fares starting at $999 per person as well as up to $300 in onboard credit.
MSC Cruises Tightens Rules for Crew Resigning Early
MSC Cruises introduces stricter conditions for crew members who voluntarily resign and leave their vessel before completing their contract.
Norwegian Dawn Fails CDC Sanitation Inspection With 84
Norwegian Dawn receives failing score during a Centers for Disease Control and Prevention (CDC) Vessel Sanitation Program inspection.
Olam Agri and Vitol Trial Cashew-Based Marine Fuel in Singapore
Olam Agri, Vitol Bunkers complete what they say is Singapore's first bunker delivery of very low sulfur fuel oil co-processed with cashew nutshell liquid.
MACN Launches Global Platform to Track Port Corruption Risks
Maritime Anti-Corruption Network introduces GPIP, a data-based tool to help companies and crews understand corruption risks at ports.
Virgin Voyages Sets New Revenue Record as Demand Surges
Virgin Voyages achieves highest-ever revenue day on August 13, beating record previously set during Black Friday 2025.