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CARNIVAL CRUISE LINES CONTRACTS FOR $330 MILLION SUPERLINER; NEW BUILDING PROGRAM TOPS $1.5 BILLION MARK

 CARNIVAL CRUISE LINES CONTRACTS FOR $330 MILLION SUPERLINER;
 NEW BUILDING PROGRAM TOPS $1.5 BILLION MARK
 MIAMI, March 30 /PRNewswire/ -- Carnival Cruise Lines, Inc. (NYSE: CCL) has signed a contract with Kvaerner Masa-Yards for construction of an additional SuperLiner slated for delivery in the fall of 1995.
 The approximate cost is $330 million. To be named the Imagination, it will be the fifth in a series of 70,000 gross- registered-ton sister ships to be delivered to the Miami-based cruise line by the Finnish shipyard. The SuperLiners Fantasy and Ecstasy entered service in 1990 and 1991, respectively. Under construction are the Sensation and Fascination, scheduled for delivery in 1993 and 1994.
 "We are fortunate that as the largest company in the cruise industry our financial strength allows us to commit more than $1.5 billion to new ship construction," said Micky Arison, Carnival's chairman and CEO.
 Carnival Cruise Lines encompasses four different brands including Holland America Line, Windstar Cruises and Seabourn Cruise Line. "The Carnival brand alone is the largest in the world based on passengers carried. We are very proud of this distinction and are committed to making the investments necessary to maintain this position," Arison said.
 The decision to order another vessel was based on the overwhelming success of the two sister ships already in service, according to Arison. "No other ships that have been introduced in recent years have generated the kind of excitement, appeal and passenger acceptance that have been achieved with the Fantasy and Ecstasy," he said. "It also is part of our continuing program not just to expand, but to make the Carnival fleet the most modern in the cruise industry," he added. No decisions on itineraries have yet been made for the Imagination, or for the Sensation and Fascination.
 Together with its affiliated cruise lines, Carnival operates 18 ships in the Caribbean, Alaska and other worldwide destinations. It recently began a joint venture operation with the ultra-luxury Seabourn Cruise Line. In addition to the Carnival ships, also included in the $1.5 billion new-building program are three ships for Holland America Line. The first of these, the Statendam, is scheduled for delivery in late 1992, with the Maasdam and Ryndam to be delivered in late 1993 and 1994, respectively.
 -0- 3/30/92
 /CONTACT: Tim Gallagher or Jennifer De La Cruz of Carnival Cruise Lines, 305-599-2600, ext. 776/
 (CCL) CO: Carnival Cruise Lines ST: Florida IN: LEI SU: CON


SS-XX -- FL003 -- 2686 03/30/92 08:07 EST
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Publication:PR Newswire
Date:Mar 30, 1992
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