This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Carnival Corporation Celebrates Earth Day: Will Meet Goal To Reduce Greenhouse Gas Emissions

MIAMI, April 21, 2014 /PRNewswire/ -- In honor of Earth Day and the importance of year-round environmental awareness, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it will meet its goal to reduce its rate of greenhouse gas (GHG) emissions from shipboard operations by 20 percent.  This goal was established by the company as part of Carnival's ongoing efforts to reduce environmental impact from its operations.

To meet this goal, Carnival and its 10 brand lines around the world have developed, and continue to develop, aggressive energy reduction and conservation initiatives, many of which exceed current laws and regulations.

"Carnival has made the amount of GHG emissions released an indicator of our environmental improvement, and we are focused every day on finding innovative ways to cut down on these emissions," said Jim Van Langen, vice president of management systems for Carnival Corporation.  "Announcing that Carnival is well on its way to meeting this goal is a great way to celebrate Earth Day and all that it stands for.  In fact, Carnival has already reduced its emissions by more than 19 percent since 2005 and we are likely to exceed our goal of 20 percent by 2015.  This speaks to our commitment to constantly look for ways to raise the bar on environmental leadership and performance."

As a part of its air emission reduction initiatives announced in September 2013, Carnival has pioneered an industry-first effort to develop ground-breaking exhaust gas cleaning technology that removes pollutants from the exhaust gases at any operating condition of a ship – at sea, during maneuvering and in port.  Carnival is currently installing the systems in its fleet, representing a significant advancement in environmental technology and reduced air emissions.

In addition to these noteworthy achievements, Carnival has made the following advances in its environmental efforts:

  • Continues to voluntarily install Advanced Waste Water Treatment Systems, and work on research and development for potential installations on new and existing ships.  Almost half of the company's fleet (48 of 101 ships) has installed such systems.
  • Installed vessel shore power systems – known as "cold ironing" – on 20 percent of the company's fleet to connect to a port's electrical grid, significantly reducing air emissions at ports that have shore power capabilities. In addition, several ships within Carnival's fleet have partial plug-in installations which can be retrofitted to full installation if they are deployed on an itinerary where the port has infrastructure and capacity for shore power connection.
  • In 2013, fuel consumption decreased by more than five percent since 2007.
  • An 18 percent increase in non-hazardous waste recycled from ships from 2011 to 2012.
  • One hundred percent of Carnival's Operating Lines and ships are certified in accordance with ISO 14001, one of the world's leading environmental management system certifications.

In addition, AIDA Cruises, one of Carnival's 10 brands, will operate the world's first cruise ships with the innovative Mitsubishi Air Lubrication Systems (MALS), which reduces drag and saves propulsion power.  This system enables ships to glide on an air-bubble carpet, which is projected to save seven percent of the operating power.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs