A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge of COVID-19 cases threaten to stall any recovery in fuel demand, law firm Haynes and Boone said in a report released this week.Bankruptcies surged in the second quarter, including from major shale independents Chesapeake Energy and Whiting Petroleum
Carnival Corp’s Princess Cruises said on Wednesday its voyages would remain suspended through the end of summer as reduced flights and travel bans around the globe bring the industry to a virtual standstill.Holland America Line, Carnival’s another unit, said it has canceled all cruises for Alaska, Europe and Canada and New England for the year
Carnival Corp announced Monday it plans to resume certain North American voyages in August as it tries to rebound from the coronavirus pandemic, which has idled its ships since March.The company said its Carnival Cruise Line brand intends to restart cruises on eight ships from Miami (Carnival Horizon, Carnival Magic and Carnival Sensation)
Nearly 50 crew members on an Italian cruise ship docked for repairs in Japan's Nagasaki have tested positive for the new coronavirus, raising concern about the strain on the city's hospitals if conditions worsen for those infected. Results on Thursday showed 14 more aboard, all either cooks or those serving food, were infected with the virus, an official in Nagasaki prefecture said.
Princess Cruises, the operator of two coronavirus-stricken ships, said on Thursday it would suspend global operations of its 18 cruise ships for two months, sending shares of its parent company Carnival Corp down 22% in premarket trading.The Grand Princess was denied entry to San Francisco Bay last Wednesday en route back from Hawaii as authorities learned some passengers and crew had developed
A man who had been aboard the Diamond Princess cruise ship and was infected with coronavirus has died, bringing the death toll from the ship to seven, Japanese public broadcaster NHK said on Saturday.The man was not Japanese, NHK said, without giving details of his nationality or age. That would make him the second foreigner from the ship to die, after a British man died last month.
A cruise industry trade association has hit back at reports speculating that the U.S. government may move to discourage some travelers from taking cruises as part of a broader Trump administration effort to limit the spread of coronavirus."Any action to restrict cruising is unwarranted
Shares of U.S. cruise operators sunk on Thursday after the Grand Princess ocean liner, owned by Carnival Corp, was barred from returning to its home portof San Francisco on coronavirus fears after at least 20 people aboard fell ill.Shares of Carnival, Norwegian Cruise Line Holdings and Royal Caribbean Cruises fell between 9% and 12% amid a broader sell-off in U.S. stock markets.
A fourth passenger from the cruise ship Diamond Princess moored in Japan has died from the coronavirus, NHK public television said on Tuesday. The passenger was in their 80s, NHK said.Japan has come under fire for its handling of the situation on the cruise ship, which is operated by Carnival Corp (CCL.N) and where hundreds became infected.
The plight of the cruise ship off Japan with more than 200 coronavirus infections and the shunning of another by five ports despite no known cases has led to a sharp change in tack for an industry in shock: avoid Asia.To that end, many cruises in the region are being cancelled while others currently sailing are being re-routed, skipping originally scheduled stops in China, Hong Kong and Singapore.
Japanese health officials said there have been 44 new positive tests for the novel coronavirus on board the Diamond Princess, raising the total number of confirmed cases to 218 aboard the cruise ship currently quarantined in Yokohama.Princess Cruises' Diamond Princess, owned by Miami-based Carnival Corp
Dozens more people onboard a cruise ship quarantined in the port of Yokohama, Japan, tested positive for the coronavirus on Friday and thousands of passengers remained confined to their cabins, only allowed on deck briefly for fresh air.The Diamond Princess, owned by Miami-based Carnival Corp