Parent company of Carnival, Princess, Holland America is dialing back new cruise ship orders

Carnival Corporation & plc  (logo)It’s official: The days of go-go growth at cruise giant Carnival Corporation are over — at least for a few years.

The debt-laden parent company of Carnival Cruise Line, Princess Cruises, Holland America and six other major cruise brands won’t be ordering many new ships for delivery over the rest of the decade, CEO Josh Weinstein suggested on Wednesday during a conference call with Wall Street analysts.

In fact, the company soon could go an entire year without unveiling a single new vessel across any of its brands — something that has never happened in its recent history.

Full story