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Festival Cruises Sells Three Vessels

In late January, Festival Cruises (of Greek-Italian interests) was broiled in talks with creditors in an attempt to reverse a decision to auction off its three recently acquired cruise ships -- the Mistral, European Vision and European Star. In mid February, Festival announced...
Posted On 01 Mar 2004
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This is the new 2,974-passenger Carnival Conquest that sails the West Caribbean. Its sister ship, the Carnival Glory, will be launched this summer. Carnival Cruises is represented here by Amphitrion Holidays.
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Cruise Market Concerned but Upbeat

Greece's passenger shipping association says its sector is in for a difficult time this year. It wants government to help soften the blow with a cut in port costs, and subsidies for new employees, for newbuildings, and for employee insurance. It also wants a 50% increase in...
Posted On 01 Apr 2003
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Festival And P&O Call Off Merger Talks

The proposed merger between Festival Cruises and Norway's P&O fell through last month. Both companies said the low prices of cruise companies on international stock markets did not warrant any merger moves at the present time. They did not, however, exclude a merger sometime in...
Posted On 01 Aug 2000
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Festival And P&O To Join Forces

Festival Cruises and P&O Cruises announced last month that they would join forces in order to expand in the global cruise business. Festival, one of the Europe’s leading cruise lines, becomes a world cruise company once forces and joined with P&O, Princes and Germany’s Aida...
Posted On 01 Jun 2000
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Festival Cruises Names New Vessels

Festival Cruises, after launching its new Mistral cruise vessel last summer, ordered another two vessels at a cost of 340 billion drachmas. And that's just the beginning. The line expects to double its fleet to eight by 2004.
Posted On 01 Apr 2000
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