Carnival Cruises 2008 Annual Report Download - page 15

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15
(a) Holiday is expected to be transferred to Ibero to commence service in spring 2010 and
renamed Grand Holiday.
(b) Since November 2004, the 1,214-passenger capacity former Noordam is being operated by
an unrelated entity under a long-term bareboat charter agreement, which expires in
April 2015 and, accordingly, is excluded from Holland America Lines' capacity.
(c) The Ocean Village brand will be phased-out with the transfer of both ships to P&O
Cruises Australia. Ocean Village Two will be transferred in November 2009 and renamed
the Pacific Jewel, and Ocean Village will be transferred in November 2010.
b. Ships Under Contract for Construction
Summary information of our ships under contract for construction as of January 28, 2009
is as follows:
Expected
Service Passenger
Brand and Ship Date(a) Capacity
Costa
Costa Luminosa 5/09 2,260
Costa Pacifica 6/09 2,990
Costa Deliziosa 2/10 2,260
Newbuild 7/11 3,012
Newbuild 5/12 3,012
Total Costa 13,534
AIDA
AIDAluna 3/09 2,050
AIDAblu 2/10 2,174
Newbuild 4/11 2,174
Newbuild 6/12 2,174
Total AIDA 8,572
Carnival Cruise Lines
Carnival Dream 9/09 3,652
Carnival Magic 5/11 3,652
Total Carnival Cruise Lines 7,304
P&O Cruises
Azura 4/10 3,098
Holland America Line
Nieuw Amsterdam 7/10 2,106
Cunard
Queen Elizabeth 10/10 2,092
Seabourn
Seabourn Odyssey 6/09 450
Seabourn Sojourn 6/10 450
Newbuild 6/11 450
Total Seabourn 1,350
Grand Total 38,056
(a) The expected service date is the month in which the ship is currently expected to begin
its first revenue generating cruise. All of our ship construction contracts are with
the Fincantieri shipyards in Italy, except for AIDA's and Seabourn's which are with the
Meyer Werft shipyard in Germany and T. Mariotti shipyard in Italy, respectively.
VII. Characteristics of the Cruise Vacation Industry
a. Exceptional Value Proposition
We believe that the cost of a cruise vacation represents an exceptional value in
comparison to other comparable land-based vacation alternatives. This is especially true
when one considers that a cruise provides its guests with transportation to various