Carnival Corp signs agreement with Shell to power greener cruise ships
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Carnival Corp signs agreement with Shell to power greener cruise ships

Carnival Corporation, the world’s most popular cruise line, has signed an agreement with Shell to power North America’s first fully LNG-powered cruise ships. LNG is the world’s most sustainable fossil fuel, and will power two new ships that are scheduled for launch in 2020 and 2022. These ships will be greener than any other the company has sailed to date.

Carnival’s share price has risen by 26% so far this year

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SOURCE: Yahoo Finance

Christine Duffy, Carnival’s president, said: "Carnival Cruise Line is strongly committed to leading the way in the implementation of technology innovations to help protect the environment and support our aggressive sustainability goals. Our two new cruise ships entering service in 2020 and 2022 will not only be the largest and most technologically advanced in our fleet but will break extraordinary new ground as the first LNG-powered cruise ships in North America."

Tom Strang, senior vice president of maritime affairs for Carnival Corporation, added: "We are proud to be on the forefront of advancing LNG as a fuel source for the cruise industry. One of the keys to establishing LNG as a standard for powering cruise ships is building out an extensive, safe and reliable infrastructure across the globe for this clean burning fossil fuel. We are looking forward to working closely with Shell as they help to bring LNG to North America in what we hope will be the first step in building a strong foundation for the future of LNG fuel supply for cruise ships in the region."

With the green revolution fully underway – and undoubtedly becoming more important to consumers by the day – Carnival’s new greener cruising solutions should be good not just for the planet, but also for business.

Disclosure

Dominion holds Carnival Cruise Lines in its Global Trends Luxury Fund.


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