Cunard Line extends operations pause to November

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Written by Kari Reinikainen Kari Reinikainen

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Published: 09 June 2020 09 June 2020

Cunard Line, which is part of the Carnival Corporation & plc group, said as a result of the continued impact of Covid-19, it will be extending the pause in operations. 

“For its ships Queen Mary 2 and Queen Victoria, Cunard is cancelling all sailings that were due to depart up to and including 1 November, 2020 and for Queen Elizabeth, departures up to and including the 23 November, 2020,” the company said in a statement

Simon Palethorpe, president of the line said:  “With many differing restrictions across countries, people’s ability to move freely and safely across borders remains seemingly someway in the distance. For Cunard, where we celebrate having a truly international mix of guests and sail all over the world, this becomes particularly impactful.”

“We also need to better understand the implications Covid-19 will have on board our ships. We are therefore working, at the highest level possible, with government bodies, including the US Centers for Disease Control and Prevention - the CDC - and Public Health England, as well as the industry collective body – CLIA - and other expert medical professionals to review every aspect of a holiday with us.”

He added: “Whilst we have always taken pride in having the highest levels of health and safety we are looking at enhanced protocols across all aspects of ship life and experiences on shore. We will only return to service when we have a comprehensive restart protocol with the stamps of approval and accreditation from the most trusted and informed sources. Cunard will be communicating with all guests, and their travel advisors, who are booked on affected voyages.”

As Cunard has done previously during this pause period, guests who are booked on cancelled voyages will automatically be given a 125% Future Cruise Credit. This can be redeemed against any new booking, the company said.

New British company to manage and operate Brodosplit square rigger

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Written by Kari Reinikainen Kari Reinikainen

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Published: 08 June 2020 08 June 2020

A new British company will manage and operate the large square rigger cruise ship that originally had been intended to join the fleet of Star Clippers as Flying Clipper.

“We are delighted to announce that the World’s largest Square-rigged Sailing Vessel, built as Brodosplit 483, will be re-named, rebranded, and operated by the British cruise company Tradewind Voyages UK Ltd. The ownership of Brodosplit 483 remains with the wholly owned subsidiary of the DIV Group,” the Croatian shipbuilder said in a statement.

The 162 metre long vessel has a gross tonnage of 8,770 and it  currently flies the flag of Croatia, information on vesselfinder.com shows.

Tradewind Voyages UK Ltd was incorporated in February his year as a private limited liability company and its registered office is in London, according to Companies House, which is the registrar of  companies in England and Wales.

Carnival plc to exit London’s FTSE100 leading share index

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Written by Kari Reinikainen Kari Reinikainen

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Published: 04 June 2020 04 June 2020

Carnival plc was one of the companies to exit the FTSE100 index of leading shares traded on the London Stock Exchange in the latest revision of the index that was announced on 02 June and which will take place later this month.

Travel shares have been badly hit by the COVID-19 pandemic and this has led shares in the Carnival plc sharply lower. They currently trade in the region of £11.50 after hitting a low of £5.81 earlier this year. Carnival plc traded at about 42 before the crisis. The FTSE100 index is based on market capitalisation of the companies listed on the London market.

TUI AG, the cruise and package holiday operator, exited the index in March and EasyJet, the budget airline, was another travel stock to be removed from the index in its latest revision, UK media reports said.

Carnival plc is the UK domiciled and listed holding company in the Carnival Corporation & plc group.

Eni and Fincantieri sign MOU to extend technology research cooperation

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Written by Kari Reinikainen Kari Reinikainen

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Published: 04 June 2020 04 June 2020

The CEOs of the Italian energy group Eni and the shipbuilding company Fincantieri, Claudio Descalzi and Giuseppe Bono, signed a Memorandum of Understanding (MoU) which extends the cooperation in Research & Development sector, set out by the two Italian companies in 2017, which now approaches new technological frontiers, Fincantieri said in a statement.

The main focus of the extension will be the joint evaluation of opportunities for the development of innovative initiatives in the field of decarbonisation and circular economy. The activities will focus mainly on waste to energy, production and transport of energy carriers as natural gas, methanol or hydrogen, fuel cells applications, the development and deployment of off-shore renewable technologies.

Over the three years of the previous agreement, Eni and Fincantieri have collaborated to the development of several concepts of floating offshore production platforms, with a modular and reversible approach, developed according to a Fincantieri patent, a Floating Gas to Methanol with Eni technology and a Floating Independent Power Plant (FIPP).

Claudio Descalzi, CEO of Eni, stated: “Thanks to the developed synergies, Fincantieri and Eni will concretely support the country's sustainable development. This agreement perfectly fits into the long-term strategy we have designed. To build the new Eni we have combined economic and environmental sustainability, we are working on a just transition by providing energy in a profitable way and, at the same time, obtaining an important reduction in the carbon footprint. Natural gas, a fossil energy source with the lowest carbon footprint, will represent in Eni’s production mix an increasing component in the coming years: 60% in 2025, reaching 85% in 2050. In this process, Fincantieri represents a strategic partner with whom we continue to research and develop innovative technologies and systems.”

Giuseppe Bono, CEO of Fincantieri, commented: “We believe that the success of this partnership is very good news for Italy, especially given that the cooperation explores a key sector such as the one of sustainable development. The ability of big two national industrial players to pool experiences, professional skills, and above all their visions for the future is a huge strategic achievement.”

Bono concluded: "I am very pleased because the research path we are charting with a group such as Eni has already led to the creation of several projects, consolidating the technological lead which allowed our companies to obtain important achievements worldwide.”