Carnival Executives Detail Latest Ship Sales

Carnival Executives Detail Latest Ship Sales

Carnival Corporation has sold two ships this year, as the Seabourn Sojourn will be transferred to Mitsui Ocean Cruises next year, and the Costa Fortuna will sail for Margaritaville in late 2026.

“Over time, since ships get older, we will sell them to other parties,” said David Bernstein, CFO, speaking on the company’s second quarter earnings call.

“We do not feel that those parties come back to compete against us because they are generally in different marketplaces with different brands,” he continued.

Neither Bernstein nor Josh Weinstein, CEO, would comment on the sales prices of either ship, although Weinstein said it was “nicely over book value.”

“People came to us looking for ships and gave us prices that we thought were in the best long-term interest of the company,” Weinstein said.

He also explained that the Costa Fortuna's departure from the fleet does not impact Costa’s core program in Europe, as the Serena will take its place in the market.

Mitsui Ocean Cruises to Retire Nippon Maru in 2026

Mitsui Ocean Cruises to Retire Nippon Maru in 2026

Mitsui Ocean Cruises announced the upcoming retirement of the cruise line’s 422-guest Nippon Maru.

The cruise ship will officially retire from the fleet on May 10, 2026, in Yokohama.

The ship first entered service in 1990 and has since traveled 2,877,642 nautical miles – approximately 133 times around the earth – sailing over 2,000 cruises, hosting more than 600,000 guests, and visiting over 400 ports in and out of Japan, the company said.

“With full hearts and deep gratitude, we bid a bittersweet farewell to Nippon Maru, which has served us well for over 35 years,” said Tsunemichi Mukai, president of Mitsui Ocean Cruises.

“Though a difficult decision, it is time to retire her for operational and economic reasons. We’re excited to carry on her legacy of fine hospitality aboard our new luxury ships, Mitsui Ocean Fuji and our recently announced second ship, where many of our cherished crew will continue to serve.”

The retirement of the Nippon Maru will make way for the company’s second recently acquired ship, the current Seabourn Sojourn, which joins the fleet in late 2026.

Nippon Maru Career Highlights:

• Many longer voyages: a 62-day Hawaii, Caribbean and Alaska cruise in 1995, and a 48-day Mauritius Precious Cruise – Paradise FUNATABI Around the Indian Ocean in 2022.
• Nine World Cruises.
• Offered various theme cruises, including “Platinum Entertainment Cruise,” and “Oasis Nippon Maru Cruise,” uniquely created especially for women.
• Created the now standard “Fly & Cruise Hokkaido,” attracting a wider range of guests.
• The ship was utilized for many years by the Cabinet for the “Ship for Southeast Asian and Japanese Youth, and “Ship for World Youth” projects recognized by youth all over the world.
• The cuisine incorporates local ingredients from ports of call and seasonal dishes, ensuring a fresh and regionally inspired dining experience, meticulously presented. The chef’s take on the traditional Japanese techniques, also incorporates many of the delicacies that became favorites, like the ship’s famous roast beef.

 

The legacy of Nippon Marui and her contribution to the Japanese cruise industry will be honored during her final season with several cruises and events, featuring special commemorative gifts and menus.

MOL to Launch New Cruise Brand, Mitsui Ocean Cruises

MOL to Launch New Cruise Brand, Mitsui Ocean Cruises

Seabourn Odyssey Photo credit Spacejunkie2 (Flickr photo account) 

MOL Group today announced the launch of a new cruise brand named Mitsui Ocean Cruises.

The Japanese shipowner also revealed that the name of its new cruise ship will be Mitsui Ocean Fuji.

Set to enter service for the new brand in December 2024, the 32,000-ton luxury vessel was acquired from Seabourn Cruise Line in March 2023.

According to a press release, the Mitsui Ocean Fuji will become MOL’s second passenger ship, sailing along the 1990-built Nippon Maru.

Onboard the new-to-the-company vessel, MOL said, passengers will be able to experience the combination of Japanese high quality “Omotenashi” service with a western-style luxury hardware.

Currently sailing as the Seabourn Odyssey, the all-suite vessel was originally designed to offer an international upscale cruising experience in regions such as the Caribbean and the Mediterranean.

Built in Italy by the Fincantieri shipyard, the 450-guest vessel first entered service in June 2009.

Mitsui Ocean Cruises also announced that the Mitsui Ocean Fuji will embark on an Around the World Cruise in April 2025.

Sailing roundtrip from Yokohama, the 100-day voyage will visit 24 yet-to-be-revealed ports of call around the globe.

As part of its new management plan named Blue Action 2035, the MOL Group plans to continues to invest in the cruise business as a way to offset commercial shipping volatilities.

Diversifying its portfolio, the Japanese company plans a “heavy focus” on the cruise industry, with the expansion of its travel businesses and the creation of an international customer’s base.

With plans to launch several new cruise ships in the future, the group will also focus on bringing foreign guests for cruises in Japan, while keeping an eye on expanding its domestic customer reach.

According to MOL, the cruise industry is a “stable and profitable” segment that “is not affected by the same market conditions” as other shipping areas.