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Mr Arison has disclosed that as an alternative to newbuildings, Carnival Cruise Line's eight older Fantasy class ships are being refurbished at a cost of between $45m-$50m a ship.
THE world’s leading operator of cruiseships has warned that unless global financial conditions improve, newbuildings for American owners will become increasingly rare.
Carnival chairman and chief executive Micky Arison said US owners are suffering the “triple whammy” of soaring fuel costs, higher commodity prices and a weak dol...
