Carnival Corporation announced on Tuesday it will sell off an additional five cruise ships.
The ships to be sold are in addition to the 13 ships the company previously announced.
In a new business update for shareholders, Carnival Corporation made the announcement that it would sell the ships that were already planned to be sold in the future.
"The sale of less efficient ships will result in future operating expense efficiencies of approximately two percent per available lower berth day (“ALBD”) and a reduction in fuel consumption of approximately one percent per ALBD (available lower berth day)."
As usual, Carnival did not announce which of the five new ships will be the ones to be sold.
In addition, Carnival provided an update on new ship deliveries that are expected.
"The company expects only two of the four ships originally scheduled for delivery in 2020, following the start of the pause, to be delivered prior to the end of fiscal 2020. The company currently expects only five of the nine ships originally scheduled for delivery in fiscal 2020 and 2021 to be delivered prior to the end of fiscal year 2021."
"The company currently expects 9 cruise ships and two smaller expedition ships of the 13 ships originally scheduled for delivery prior to the end of fiscal year 2022 to be delivered by then."