Rare Jack E Dawson Posted December 3, 2016 #1 Share Posted December 3, 2016 Does anyone have any thoughts on how the $40,000,000 fine against Carnival by the U.S. EPA might trickle down and affect Cunard operations? Will the budgets be tightened on the Queens? Jack Dawson Link to comment Share on other sites More sharing options...
Kamloops50 Posted December 3, 2016 #2 Share Posted December 3, 2016 It is against Princess not Carnival Corp. Princess will have the $40 M as a write off against earnings. Link to comment Share on other sites More sharing options...
Underwatr Posted December 3, 2016 #3 Share Posted December 3, 2016 It's a big chunk of change but not that much in the context of CCL, which is a $35B company. $15B in revenue and $1.8B net income in 2015. Link to comment Share on other sites More sharing options...
Underwatr Posted December 3, 2016 #4 Share Posted December 3, 2016 It is against Princess not Carnival Corp. Princess will have the $40 M as a write off against earnings. CCL owns Princess, so if they had to dig deep (they don't) conceivably they would tighten the belt everywhere. But look at it this way. CCL also owns Costa, and the Costa Concordia was a much bigger deal than this. Link to comment Share on other sites More sharing options...
tv24 Posted December 3, 2016 #5 Share Posted December 3, 2016 Just curious..can anyone provide a brief explanation of what the EPA fine against Princess was about? Link to comment Share on other sites More sharing options...
North West Newbie Posted December 3, 2016 #6 Share Posted December 3, 2016 Just curious..can anyone provide a brief explanation of what the EPA fine against Princess was about? For illegal dumping at sea http://www.nytimes.com/2016/12/02/business/princess-cruise-lines-fine.html?_r=0 Link to comment Share on other sites More sharing options...
North West Newbie Posted December 3, 2016 #7 Share Posted December 3, 2016 And it seems this is not the first time http://www.cruisecritic.co.uk/news/news.cfm?ID=5177 Link to comment Share on other sites More sharing options...
tv24 Posted December 3, 2016 #8 Share Posted December 3, 2016 Thanks for the links, Newbie. Disturbing news. Link to comment Share on other sites More sharing options...
Kamloops50 Posted December 3, 2016 #9 Share Posted December 3, 2016 And it seems this is not the first time http://www.cruisecritic.co.uk/news/news.cfm?ID=5177 Not really the same issue. They accidentally dumped water into Glacier Bay. They reported it. The current fine is for a period of about 8 years .They also tried to cover it up. The whistler blower should be also looked at. He might of had issue of his treatment by Princess . He shouldn't get 10% of the fine for reporting. Link to comment Share on other sites More sharing options...
keithm Posted December 3, 2016 #10 Share Posted December 3, 2016 It's a big chunk of change but not that much in the context of CCL, which is a $35B company. $15B in revenue and $1.8B net income in 2015. Oh damn! $1 less in my dividend! Link to comment Share on other sites More sharing options...
Debbers Posted December 3, 2016 #11 Share Posted December 3, 2016 "The whistler blower should be also looked at. He might of had issue of his treatment by Princess . He shouldn't get 10% of the fine for reporting." I completely disagree. Whether the whistleblower had an issue with his employer or not, the cruise line committed the offence and must be punished. His/her reward is well deserved, considering the risk of retaliation by the company. Link to comment Share on other sites More sharing options...
balf Posted December 3, 2016 #12 Share Posted December 3, 2016 I think the question we should be asking is how widespread through the industry is this practice. If the big guys are doing it what about the many smaller operators with smaller budgets and more to gain pro rata. And of course, as is usual no one from the captain down knew anything about it and because it's the company who were fined no individual has been identified as far as I know. DAVID Link to comment Share on other sites More sharing options...
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