Federal Judge considers sanctions affecting Carnival that could affect cruises

[Palmetto Pilot]

$20mil is a drop in the bucket. I’m disappointed. Barely a slap on the wrist.

[Organized Chaos]

26 minutes ago, twodaywonder said:

Here it is.

 

 

I'm not going to quote your whole post because we aren't allowed to copy/paste the copyrighted material from the source articles. I know because my post from yesterday had to be altered. My apologies to the Mods for that, by the way.

 

That's only the deal they made with federal prosecutors. That is not necessarily the final decision. Judge Seitz now must decide whether or not to accept the deal.

[ALWAYS CRUZIN]

Guess you missed this  has reached a tentative settlement 

[ALWAYS CRUZIN]

Same on CBS news.

[memoak]

This is actually an agreement .  She between the prosecutors and the defendant.  The judge has to approve it before it goes into effect.  She could also order the 2 parties to go back to the drawing board

[sfaaa]

17 minutes ago, Palmetto Pilot said:

$20mil is a drop in the bucket.  Barely a slap on the wrist.

Is it? May be to you it is. No one likes to throw money away or pay fine or taxes to the government regardless of size or wealth. 

[ontheweb]

32 minutes ago, Palmetto Pilot said:

$20mil is a drop in the bucket. I’m disappointed. Barely a slap on the wrist.

Let's see---$40 million fine. And then they violate probation over and over and get a $20 million  fine. So when they get caught next time, will it be only $10 million?

[broberts]

1 hour ago, twodaywonder said:

Here it is.

MIAMI (AP) — Carnival Corp. has reached a tentative settlement with federal prosecutors in which the world's largest cruise line agreed to pay $20 million in fines for some of its ships continuing to pollute the oceans despite promising years ago to stop.

The world's largest cruise line acknowledged in court documents Monday it violated terms of probation from a 2016 criminal conviction for discharging oily waste from its Princess Cruise Lines ships and covering it up. Carnival paid a $40 million fine and was put on five years' probation.

 

That happened several weeks ago. The judge still has to approve the agreement for it to take effect.

 

I believe that this settlement will do nothing to encourage a change in Carnival corporate behavior. Adding a zero or two might help.

[sfaaa]

5 minutes ago, ontheweb said:

Let's see---$40 million fine. And then they violate probation over and over and get a $20 million  fine. So when they get caught next time, will it be only $10 million?

Get a good lawyer and the fine may be Nil or not guilty. You don't have to like it but that's how the legal system works.

Edited June 3, 2019 by sfaaa

[bury me at sea]

3 minutes ago, ontheweb said:

Let's see---$40 million fine. And then they violate probation over and over and get a $20 million  fine. So when they get caught next time, will it be only $10 million?

 

If this is the complete, final order accepted by the judge, it's definitely a slap on the wrist.

[CCLcruiser91]

https://fox6now.com/2019/06/03/carnival-to-pay-20m-for-cruise-pollution/

[AmazedByCruising]

23 minutes ago, sfaaa said:

Is it? May be to you it is. No one likes to throw money away or pay fine or taxes to the government regardless of size or wealth. 

 

We're talking about a company that makes more than 20 million every three days. It's not even a slap on the wrist, it's an encouragement to go on just the way they did.

Edited June 3, 2019 by AmazedByCruising

[ALWAYS CRUZIN]

10 minutes ago, broberts said:

 

That happened several weeks ago. The judge still has to approve the agreement for it to take effect.

 

I believe that this settlement will do nothing to encourage a change in Carnival corporate behavior. Adding a zero or two might help.

You are incorrect. This happen today.

[sfaaa]

Just now, AmazedByCruising said:

 

We're talking about a company that makes more than 20 million every three days. It's not even a slap on the wrist, it's an encouragement go on.

$20M cash + loss of goodwill, corporate image and bad publicity which are worth much more. The fine is a just amount and a fair one.

[Palmetto Pilot]

40 minutes ago, sfaaa said:

Is it? May be to you it is. No one likes to throw money away or pay fine or taxes to the government regardless of size or wealth. 

To a company that posted 3+ billion dollars in profit last year, it’s a slap on the wrist.

[Palmetto Pilot]

11 minutes ago, sfaaa said:

$20M cash + loss of goodwill, corporate image and bad publicity which are worth much more. The fine is a just amount and a fair one.

No it’s not, not even close. But keep cheerleading and being a blind fanboy.

Edited June 3, 2019 by Palmetto Pilot

[sfaaa]

Just now, Palmetto Pilot said:

To a company that posted 3+ billion dollars in profit last year, it’s a slap on the wrist.

The good judge and prosecutor disagreed with you. And they are the legal experts and have all the facts.

[AmazedByCruising]

10 minutes ago, sfaaa said:

$20M cash + loss of goodwill, corporate image and bad publicity which are worth much more. The fine is a just amount and a fair one.

 

If such costs are much more than $20M it could even be too much. Maybe the judge should order to give poor Carnival a refund.

[broberts]

16 minutes ago, twodaywonder said:

You are incorrect. This happen today.

 

The settlement was reached and announced a week ago, https://www.travelmarketreport.com/articles/Carnival-Corp-Reaches-Deal-with-Federal-Prosecutors-in-Probation-Case. According to the link posted by @CCLcruiser91, the judge approved the settlement today.

[donaldsc]

6 minutes ago, Palmetto Pilot said:

To a company that posted 3+ billion dollars in profit last year, it’s a slap on the wrist.

 

20 million is less than 1% of the annual profits.  In addition, it is probably deductible from their profits as a cost of doing business to the extent that even actually pay any taxes.  As a deterrent, it is meaningless.  Now throwing all the company executives in jail and then banning them from all US waters might actually get their attention.

 

DON

[broberts]

1 minute ago, donaldsc said:

 

20 million is less than 1% of the annual profits.  In addition, it is probably deductible from their profits as a cost of doing business to the extent that even actually pay any taxes.  As a deterrent, it is meaningless.  Now throwing all the company executives in jail and then banning them from all US waters might actually get their attention.

 

DON

 

Fines are not tax deductible.

I really do not understand why the settlement amount was so low. I expected it to be some multiple > 1 of the original fine.

[sfaaa]

7 minutes ago, donaldsc said:

 

   it is probably deductible from their profits as a cost of doing business to the extent that even actually pay any taxes.  

DON

Please fact check before you do your tax return. I'd assume the court judgement when released will explain the reason for $20M fine amount free of any lynching emotion exhibiting by some here.

Edited June 3, 2019 by sfaaa

[jimbo5544]

You can check out the thread from Host Carolyn pinned at the top of the page for announcement of the Judge accepting the settlement.

Edited June 3, 2019 by jimbo5544

[coevan]

fines are not based on P&L's but the violation, so what carnival makes is irrelevant. 

[SwordBlazer Cruising]

2 hours ago, chengkp75 said:

Ballast water is what is a major finding of the auditor team, though it does appear they dumped treated sewage into Bahamian waters as well.  However, even in areas where treated sewage is allowed to be pumped overboard, there are still restrictions, such as within 3 miles of coast (US NPDES regulations).  And, while you are correct that US municipal treatment plants do discharge into the rivers and oceans, you will also note that those treatment plants have huge holding tanks to allow the sewage to be processed over time.  Shipboard systems treat large volumes (1000-2000 tons per day) and discharge this waste at that same rate.  There is no holding, so there is no slow introduction of either undertreated or chlorinated treated sewage the way that a municipal plant does, and there is no monitoring as to whether the sewage is being adequately treated or not.  That is why there are restrictions on ships' ability to pump treated sewage overboard in certain areas, and the Bahamas in particular are trying to preserve their coral, which is the foundation of their islands, and there are far more areas of the US that don't have coral than do, and most of those places with coral will run sewage lines far out to sea.

You have no idea what you are speaking about, per usual.