Rare jimbo5544 Posted Friday at 11:41 PM #1 Share Posted Friday at 11:41 PM While we have seen some fo the fallout already, still interesting. https://cruiseindustrynews.com/cruise-news/2024/10/carnival-not-pursing-any-china-plans/ Link to comment Share on other sites More sharing options...
Rare BlerkOne Posted Friday at 11:46 PM #2 Share Posted Friday at 11:46 PM Did Carnival unload their 40% interest in Adora? Link to comment Share on other sites More sharing options...
Rare jimbo5544 Posted yesterday at 12:26 AM Author #3 Share Posted yesterday at 12:26 AM 38 minutes ago, BlerkOne said: Did Carnival unload their 40% interest in Adora? Would seem it would be a lot easier to move some of their own ships out….. Link to comment Share on other sites More sharing options...
Rare BlerkOne Posted yesterday at 12:31 AM #4 Share Posted yesterday at 12:31 AM 4 minutes ago, jimbo5544 said: Would seem it would be a lot easier to move some of their own ships out….. Yep. Carnival is still going to profit off of China without risking bad publicity that RCL might get.. Link to comment Share on other sites More sharing options...
CruiseAdict218 Posted yesterday at 01:35 AM #5 Share Posted yesterday at 01:35 AM 1 hour ago, BlerkOne said: Did Carnival unload their 40% interest in Adora? That’s what I wanna know, some users on here have said Carnival offloaded their share, which is how they took and resold Atlantica. I would think the article above would have mentioned something but outside of that, I also can’t find much if they are still involved or not. Link to comment Share on other sites More sharing options...
tidecat Posted 12 hours ago #6 Share Posted 12 hours ago 23 hours ago, CruiseAdict218 said: That’s what I wanna know, some users on here have said Carnival offloaded their share, which is how they took and resold Atlantica. I would think the article above would have mentioned something but outside of that, I also can’t find much if they are still involved or not. It was disclosed in Carnival's 10-K for 2023 (page 16): "During 2023, we completed the exit of our noncontrolling interest in Adora Cruises Limited, formerly CSSC Carnival Cruise Shipping Limited, a China-based cruise company (“Adora Cruises”), and recognized losses on exit of $21 million within other income (expense). As of November 30, 2022, our investment in Adora Cruises was $70 million. We provided an immaterial amount of services to Adora Cruises during 2023, 2022 and 2021 and we paid Adora Cruises a total of $55 million for the lease of ships during 2021. During 2021 we made capital contributions to Adora Cruises in the amount of $90 million." 2 1 Link to comment Share on other sites More sharing options...
CruiseAdict218 Posted 10 hours ago #7 Share Posted 10 hours ago 1 hour ago, tidecat said: It was disclosed in Carnival's 10-K for 2023 (page 16): "During 2023, we completed the exit of our noncontrolling interest in Adora Cruises Limited, formerly CSSC Carnival Cruise Shipping Limited, a China-based cruise company (“Adora Cruises”), and recognized losses on exit of $21 million within other income (expense). As of November 30, 2022, our investment in Adora Cruises was $70 million. We provided an immaterial amount of services to Adora Cruises during 2023, 2022 and 2021 and we paid Adora Cruises a total of $55 million for the lease of ships during 2021. During 2021 we made capital contributions to Adora Cruises in the amount of $90 million." Thank you for that. Link to comment Share on other sites More sharing options...
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