MIAMI, Nov. 8, 2017 /PRNewswire/ -- Carnival Cruise
Line, a unit of Carnival Corporation & plc (NYSE/LSE:
CCL; NYSE: CUK) and the world's most popular cruise line, today
announced it has signed an agreement with Shell NA LNG,
LLC (Shell) to be its supplier of marine liquefied
natural gas (LNG) to power North
America's first fully LNG-powered cruise ships. Under this
framework agreement, Shell will supply Carnival Cruise Line with
fuel for its two new LNG-powered ships expected to launch in 2020
and 2022 and to be homeported in North
America.
As part of the agreement, the two ships, built with a
next-generation "green cruising" ship design, will be fueled
through Shell's LNG Bunker Barge (LBB) – a project announced
earlier this week as part of Shell's strategic plan to develop a
global LNG bunkering network. The ocean-going LBB, which is
designed to support growing cruise line demand for LNG as a marine
fuel, will be the first of its kind in the U.S. and will allow
these ships to refuel with LNG at ports along the southern U.S.
East Coast.
"This agreement is a significant stepping stone in our
relationship with Carnival Corporation building upon our previous
LNG marine fuel supply agreements in Europe," said Tahir
Faruqui, president, Shell NA LNG, LLC. "It also marks a
milestone as we continue to establish the marine LNG fuel market in
the U.S. as a credible part of the global marine fuel mix."
The two new Carnival Cruise Line vessels will be fully powered
by LNG both while in port and at sea – an industry first and an
environmental breakthrough that will improve air quality with
cleaner emissions and produce the most efficient ships in company
history. The 180,000-ton ships will be the largest ships in
Carnival Cruise Line's fleet with an approximate passenger capacity
of 5,200 based on double occupancy.
"Carnival Cruise Line is strongly committed to leading the way
in the implementation of technology innovations to help protect the
environment and support our aggressive sustainability goals," said
Christine Duffy, president of
Carnival Cruise Line. "Our two new cruise ships entering service in
2020 and 2022 will not only be the largest and most technologically
advanced in our fleet but will break extraordinary new ground as
the first LNG-powered cruise ships in North America."
Added Tom Strang, senior vice
president of maritime affairs for Carnival Corporation, "We are
proud to be on the forefront of advancing LNG as a fuel source for
the cruise industry. One of the keys to establishing LNG as a
standard for powering cruise ships is building out an extensive,
safe and reliable infrastructure across the globe for this clean
burning fossil fuel. We are looking forward to working closely with
Shell as they help to bring LNG to North
America in what we hope will be the first step in building a
strong foundation for the future of LNG fuel supply for cruise
ships in the region."
This agreement builds on the partnership established
between Carnival Corporation's AIDA Cruises brand and
Shell in April of 2016 to supply its AIDAprima ship with LNG to
power the vessel while docked. AIDAprima is the first cruise ship
in the world to use LNG while in port, leading to a major reduction
in emissions.
The partnership was extended in fall 2016 when Carnival
Corporation signed an agreement with Shell to supply LNG for the
first of its next-generation LNG ships from its European AIDA
Cruises and Costa Cruises brands. These two ships will be the
world's first fully LNG-powered cruise ships when they enter
service in 2018 and 2019. Additionally, the agreement furthers the
realization of Carnival Corporation's LNG efforts that
began in 2015 with AIDAsol becoming the first cruise ship in the
world to be supplied with power by an LNG hybrid barge, which also
saw major benefits while in port.
In total, Carnival Corporation has agreements in place with
leading German and Finnish shipbuilders Meyer Werft and Meyer
Turku to build seven LNG-powered cruise ships across four of
its 10 global cruise brands with delivery dates between 2018 and
2022 – two for AIDA Cruises with expected delivery dates in 2018
and 2021, two for Costa Cruises with expected delivery dates in
2019 and 2021, one for P&O Cruises UK with an expected delivery
date in 2020 and two for Carnival Cruise Line with expected
delivery dates in 2020 and 2022.
As part of the framework agreement, Carnival
Corporation and Shell have the opportunity to partner together
on supplying marine LNG fuel to future LNG-powered vessels or
additional itineraries. The overarching agreement enables each
Carnival Corporation brand to negotiate individual LNG supply
contracts with Shell as new LNG-powered cruise ships begin to
launch in coming years.
About Carnival Cruise Line
Carnival Cruise Line, part
of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is
"The World's Most Popular Cruise Line®" with 25 ships operating
three- to 16-day voyages to The Bahamas, Caribbean, Mexican Riviera, Alaska, Hawaii, Canada, New England, Bermuda, Europe, Cuba,
Australia, New Zealand and the Pacific Islands. Two
133,500-ton Vista class ships are currently scheduled for delivery
- Carnival Horizon in 2018 and an as-yet-unnamed vessel in 2019.
Additionally, two new 180,000-ton ships are scheduled to enter
service in 2020 and 2022.
About Carnival Corporation & plc
Carnival Corporation & plc is the world's largest leisure
travel company and among the most profitable and financially strong
in the cruise and vacation industries, with a portfolio of 10
dynamic brands that include nine of the world's leading cruise
lines. With operations in North
America, Europe,
Australia and Asia, its portfolio features Carnival Cruise
Line, Holland America Line, Princess Cruises, Seabourn, AIDA
Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well
as Fathom, the corporation's immersion and enrichment experience
brand.
Together, these brands operate 103 ships with 231,000 lower
berths visiting over 700 ports around the world, with 18 new ships
scheduled to be delivered between 2018 and 2022. Carnival
Corporation & plc also operates Holland America Princess Alaska
Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both
the New York and London Stock
Exchanges, Carnival Corporation & plc is the only dual listed
company in the world to be included in both the S&P 500 and the
FTSE 100 indices.
In 2017, Fast Company recognized Carnival Corporation as being
among the "Top 10 Most Innovative Companies" in both the design and
travel categories. Fast Company specifically recognized Carnival
Corporation for its work in developing Ocean Medallion™, a
high-tech wearable device that enables the world's first
interactive guest experience platform capable of transforming
vacation travel into a highly personalized and elevated level of
customized service.
Additional information can be found on www.carnival.com,
www.fathom.org, www.hollandamerica.com, www.princess.com,
www.seabourn.com, www.aida.de, www.costacruise.com, www.cunard.com,
www.pocruises.com.au and www.pocruises.com.
About Royal Dutch Shell
plc
Royal Dutch Shell plc is
incorporated in England and
Wales, has its headquarters in
The Hague and is listed on the
London, Amsterdam, and New
York stock exchanges. Shell companies have operations in
more than 70 countries and territories with businesses
including oil and gas exploration and production; production
and marketing of liquefied natural gas and gas to liquids;
manufacturing, marketing and shipping of oil products and chemicals
and renewable energy projects. For further information,
visit www.shell.com.
Cautionary note
The companies in which Royal Dutch Shell plc directly and indirectly
owns investments are separate legal entities. In this announcement
"Shell", "Shell group" and "Royal Dutch
Shell" are sometimes used for convenience where references
are made to Royal Dutch Shell plc
and its subsidiaries in general. Likewise, the words "we", "us" and
"our" are also used to refer to subsidiaries in general or to those
who work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or
companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell
companies" as used in this announcement refer to companies over
which Royal Dutch Shell plc either
directly or indirectly has control. Entities and unincorporated
arrangements over which Shell has joint control are generally
referred to as "joint ventures" and "joint operations"
respectively. Entities over which Shell has significant influence
but neither control nor joint control are referred to as
"associates". The term "Shell interest" is used for convenience to
indicate the direct and/or indirect ownership interest held by
Shell in a venture, partnership or company, after exclusion of all
third-party interest.
This announcement contains forward-looking statements concerning
the financial condition, results of operations and businesses of
Royal Dutch Shell. All statements
other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's
current expectations and assumptions and involve known and unknown
risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of
Royal Dutch Shell to market risks
and statements expressing management's expectations, beliefs,
estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and
phrases such as ''anticipate'', ''believe'', ''could'',
''estimate'', ''expect'', ''goals'', ''intend'', ''may'',
''objectives'', ''outlook'', ''plan'', ''probably'', ''project'',
''risks'', "schedule", ''seek'', ''should'', ''target'', ''will''
and similar terms and phrases. There are a number of factors that
could affect the future operations of Royal
Dutch Shell and could cause those results to differ
materially from those expressed in the forward-looking statements
included in this announcement, including (without limitation): (a)
price fluctuations in crude oil and natural gas; (b) changes in
demand for Shell's products; (c) currency fluctuations; (d)
drilling and production results; (e) reserves estimates; (f) loss
of market share and industry competition; (g) environmental and
physical risks; (h) risks associated with the identification of
suitable potential acquisition properties and targets, and
successful negotiation and completion of such transactions; (i) the
risk of doing business in developing countries and countries
subject to international sanctions; (j) legislative, fiscal and
regulatory developments including regulatory measures addressing
climate change; (k) economic and financial market conditions in
various countries and regions; (l) political risks, including the
risks of expropriation and renegotiation of the terms of contracts
with governmental entities, delays or advancements in the approval
of projects and delays in the reimbursement for shared costs; and
(m) changes in trading conditions. There can be no assurance that
future dividend payments will match or exceed previous dividend
payments. All forward-looking statements contained in this
announcement are expressly qualified in their entirety by the
cautionary statements contained or referred to in this
announcement. Readers should not place undue reliance on
forward-looking statements. Additional risk factors that may affect
future results are contained in Royal Dutch Shell's 20-F for the
year ended December 31, 2016 (available
at www.shell.com/investor and www.sec.gov).
These risk factors also expressly qualify all forward looking
statements contained in this announcement and should be considered
by the reader. Each forward-looking statement speaks only as of the
date of this announcement, November 8, 2017. Neither Royal Dutch
Shell plc nor any of its subsidiaries undertake any obligation to
publicly update or revise any forward-looking statement as a result
of new information, future events or other information. In light of
these risks, results could differ materially from those stated,
implied or inferred from the forward-looking statements contained
in this announcement.
We may have used certain terms, such as resources, in this
announcement that United States Securities and Exchange Commission
(SEC) strictly prohibits us from including in our filings with the
SEC. U.S. Investors are urged to consider closely the disclosure in
our Form 20-F, File No 1-32575, available on the SEC
website www.sec.gov
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SOURCE Carnival Cruise Line