Cruise Ship Evicted from Dock, Carnival's Big Switch

Editorial Summary

Doug Parker reports on several significant developments within the cruise industry. The SS United States faces an uncertain future after being ordered to vacate its Philadelphia pier by September 12 due to unpaid dock fees. This eviction halts plans to convert the vessel into a floating museum and hotel while the Conservancy seeks new funding and a relocation site. Previous attempts by Crystal Cruises and NCL to purchase the ship failed due to high modernization costs. In Miami, Port Miami has launched a shore power system that allows ships to connect to a land based power grid to reduce emissions and noise. This 125 million dollar project involves a partnership between several major cruise lines including Carnival, MSC, NCL, Royal Caribbean, and Virgin Voyages. Additionally, Celebrity Cruises is selling two small Galapagos ships, the Celebrity Expedition and the Celebrity Exploration, to the National Geographic brand. These vessels will undergo multi million dollar refurbishments before the transfer. Finally, the report notes that cruise line stocks saw gains on Monday, with Carnival Corporation, Royal Caribbean, and NCL all experiencing upward movement.

Written by TripBacon from this video's transcript.