Carnival Corporation & plc Finalizes Agreement with St. Maarten Government and
the Port of St. Maarten for New Two-Berth Cruise Ship Pier
MIAMI, Aug. 22 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
today finalized an agreement with the government of St. Maarten and the Port of
St. Maarten to provide funding to support the construction of a new two-berth
cruise ship pier on the island of St. Maarten.
The new docking facility, combined with the island's existing four-berth
pier, will make St. Maarten one of the largest cruise ports in the Caribbean,
with six dedicated cruise berths.
"St. Maarten is truly a preeminent island destination in the Caribbean,"
said Howard Frank, Carnival Corporation & plc vice chairman. "Further
enhancing the island's cruise ship facilities is a winning proposition for
everyone with the end result being greater economic benefit for St. Maarten
and an expanded number of consumers introduced to the exceptional beauty and
charm of this superb location."
Under the agreement, Carnival Corp. has provided financing of US$34.5
million for construction of a new pier and has guaranteed a certain number of
passengers to the island. The new pier will be able to accommodate two post-
Panamax cruise ships. Carnival will enjoy preferential berthing rights at the
new facility for the 20-year period of the agreement. Eight of Carnival
Corporation & plc's 10 cruise brands, including three of its European brands,
will call on St. Maarten.
"St. Maarten offers exceptional opportunities for our cruise guests, given
its unique history and culture, myriad sightseeing opportunities and stunning
beaches," said Frank. "We are truly pleased to be playing a role in the
expansion of the island's cruise ship facilities."
"Carnival and the Port of St. Maarten have enjoyed an excellent
relationship over the years. We're very pleased to build upon this partnership
with a larger and enhanced facility that will provide cruise guests with even
more opportunities to experience all that this fantastic destination has to
offer," said Theo Heyliger, commissioner of the Port of St. Maarten.
Construction on the new pier is scheduled to begin in December and
completed by 2009.
Carnival Corporation & plc is the largest cruise vacation group in the
world, with a portfolio of cruise brands in North America, Europe and
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess
Cruises, Seabourn Cruise Line, AIDA Cruises, Costa Cruises, Cunard Line, Ocean
Village, P&O Cruises and P&O Cruises Australia.
Together, these brands operate 82 ships totaling 154,000 lower berths with
17 new ships scheduled to enter service between December 2007 and June 2011.
Carnival Corporation & plc also operates Holland America Tours and Princess
Tours, the leading tour companies in Alaska and the Canadian Yukon. Traded on
both the New York and London Stock Exchanges, Carnival Corporation & plc is
the only group in the world to be included in both the S&P 500 and the FTSE
100 indices.
SOURCE Carnival Corporation & plc
-0- 08/22/2007
/CONTACT: Media: US, Tim Gallagher or Jennifer de la Cruz, both of
Carnival Corporation & plc, +1-305-599-2600, ext. 16000; or UK, Richard
Jacques or Sophie Brand, both of Brunswick Group, +44(0)20-7404-5959; or
Investor Relations: Beth Roberts of Carnival Corporation & plc,
+1-305-406-4832/
/Web site: http://www.carnivalcorp.com/
(CCL CUK)
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