This is a press release from Chairman and CEO Micky Arison from over a week ago.
Carnival eyes 'Pinnacle Project'
September 17, 2004
CARNIVAL Corp will soon place newbuilding orders for delivery in 2007-2008,
affirmed CEO Micky Arison. Orders could include new projects for the company's European brands and possibly a massive new vessel for Carnival Cruise Lines that would wrest the 'world's largest ship' title back from Royal Caribbean's (RCL) Ultra Voyager. "We are continuing work on a very large prototype called 'Pinnacle Project'," explained Arison. This latest entry into the 'size race' between Carnival and RCL would be delivered no earlier than the end of 2008 or early 2009. While not giving specifics on the 'Pinnacle Project', Arison has previously discussed a so-called 'Ultimate' concept that Carnival inherited through the Princess merger, involving a vessel of 170,000-180,000gt. Regarding other potential Carnival newbuilds, Arison explained, "We are working very hard right now with the yards to mitigate the currency issues, but clearly, to get ships for 2007-2008 time's running out. So I do expect some news relatively soon