Author Topic: ****Princess Cruises says it will suspend global operations****  (Read 92 times)

Offline Host Mike

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"Shares of Carnival Corp. slid by more than 20% in pre-market trading Thursday after its Princess Cruises line announced it is suspending all operations for two months due to concerns over the rapidly spreading COVID-19 pandemic.

The announcement impacts the cruise line’s fleet of 18 ships, the company said, and will affect voyages from March 12 to May 10. Princess Cruises President Jan Swartz said the company is taking the “bold action” to reassure investors of its commitment to the well-being of its passengers."


https://www.cnbc.com/2020/03/12/carnivals-princess-cruises-to-pause-global-ship-operations-for-60-days-over-coronavirus.html

Offline RichC

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Re: ****Princess Cruises says it will suspend global operations****
« Reply #1 on: March 12, 2020, 11:47:08 AM »
Did they have a choice?

Offline obendus

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Re: ****Princess Cruises says it will suspend global operations****
« Reply #2 on: March 12, 2020, 12:05:44 PM »
Did they have a choice?

They did, and they have made the correct one.

Offline RichC

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Re: ****Princess Cruises says it will suspend global operations****
« Reply #3 on: March 12, 2020, 12:53:21 PM »
Looks like the crew will have an unexpected no-pay vacation.
I wonder if they'll leave a certain amount of the crew on-board for cleaning/maintenance?
Although 60 days is a long time for cleaning.

Offline Host Mike

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Re: ****Princess Cruises says it will suspend global operations****
« Reply #4 on: March 13, 2020, 10:37:15 AM »
The crew will be paid something or they would mutiny.

Offline RichC

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Re: ****Princess Cruises says it will suspend global operations****
« Reply #5 on: March 14, 2020, 03:59:04 AM »
The crew will be paid something or they would mutiny.
At least those still on board the ships but if sent home they still wouldn't receive any pay.

Offline obendus

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Re: ****Princess Cruises says it will suspend global operations****
« Reply #6 on: March 14, 2020, 10:15:46 AM »
The crew will be paid something or they would mutiny.
At least those still on board the ships but if sent home they still wouldn't receive any pay.

I wonder if their employment contracts specify early termination compensation?
CCL most likely has language in its hiring agreements to cover this.