|Carnival Chief steps down|
|Monday, 01 July 2013 15:32|
The immobilised 'Carnival Splendor' adrift approximately 150 nautical miles off San Diego following an engine room fire in 2010
Cruise magnate Micky Arison has resigned his role at Carnival Corporation, after more than 30 years at the helm.Naming board member Arnold Donald his successor from July 3, Arison will remain chairman and the company's largest shareholder.
"I have been discussing this with the board for some time now and feel the timing is right to align our company with corporate governance best practices and turn over the reins after 34 years as chief executive," Arison said in a statement.
Several Carnival vessels have also been plagued with problems in more recent times, with the 'Carnival Triumph' immobilised in the Gulf of Mexico following an engine fire, cutting on board electricals and sanitation.
The constant stream of crises has taken its toll on the company's reputation. According to Bloomberg BusinessWeek, the company has "seen its bookings for this year fall behind 2012 levels, even as its cruise fares have moved lower in a bid to win back wary travelers."
Though Carnival’s nine other brands remain unaffected, with Holland America, Princess, and Costa all recording stronger bookings over last year and despite higher prices, the "biggest hitch in this math is that Carnival is the company’s largest US brand, with the most inventory to sell", the news agency concluded.
Source: Bloomberg BusinessWeek
Latest Book Reviews
- West Coast Wrecks & Other Maritime Tales
- The Burning Shore: How Hitler’s U-Boats Brought World War II to America
- In The Shadow Of Greatness: Voices of Leadership, Sacrifice, and Service from America’s Longest War
- Rebalancing US Forces: Basing and Forward Presence in the Asia Pacific
- Zephaniah Kingsley Jnr and the Atlantic World: Slave Trader, Plantation Owner, Emancipator
- The Battleship USS Massachusetts: Super Drawings in 3D
- Bunker Fuel For Marine Engines: A Technical Introduction
Latest CommentsFred: Meanwhile you guys wonder why no one pays your rants any attention. Took me quite sometime to go thr...
John Dunn.: I was an Indentured Apprentice in the 1960's after completing three years pre-sea training. As I c...
partlycloudy: Um, actually he only said they use a similar method to forward their respective propaganda. Another ...
Craig Gordon: Ric.
Look for 'Sugar, Ships, Locomotives' by R.S. Maynard 1946...