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CARNIVAL PURSUES LEGAL ACTION AGAINST FINNISH COMPANY IN STATE COURT

 MIAMI, Oct. 26 /PRNewswire/ -- Carnival Corporation (NYSE:CCL) announced that it filed suit yesterday in the Circuit Court for Dade County, Fla., against Metra Oy, a Finnish corporation that was the controlling shareholder of a shipyard that contracted to build three cruise ships for Carnival in 1987. The suit seeks $400 million in damages, which may be trebled under Florida law to $1.2 billion.
 Carnival's complaint alleges that, in order to induce Carnival to order the ships, Metra misrepresented the financial condition of the shipyard. The shipyard went bankrupt in 1989, without completing any of the Carnival vessels. Carnival suffered huge damages because it was forced to pay increased prices for the ships and lost years of profitable bookings.
 Carnival filed a similar suit in a Florida federal court in 1990. On Oct. 19, 1993, that court ruled that it had jurisdiction to hear Carnival's claims against Metra, but dismissed Carnival's claims without prejudice, applying a doctrine of inconvenient forum that is used in federal court. The federal court opinion stated that the inconvenient forum doctrine is not recognized in Florida state courts.
 "We intend to pursue this action vigorously," said Carnival Corporation Chairman Micky Arison. "We look forward to presenting our case to the jury."
 Carnival Cruise Lines, Inc., to be renamed Carnival Corporation, comprises the world's largest cruise line based on number of passengers carried. In addition to Carnival Cruise Lines, its other units include Holland America Line, Windstar Cruises, FiestaMarina Cruises and Seabourn Cruise Line, which combined operate 18 ships in the Caribbean, Alaska and other worldwide destinations. Carnival Cruise Lines' new 70,000-gross-registered-ton SuperLiner the Sensation will enter service in late November. It has contracted for the construction of two more 70,000-gross-registered-ton, 2,600-passenger ships, the Fascination and Imagination, which are scheduled for delivery in 1994 and 1995, respectively, as well as a 95,000-ton ship which will be the largest cruise ship ever built, scheduled for delivery in 1996. Holland America Line's 1,266-passenger Maasdam will begin service in early December and the line has another vessel under construction, the 1,266-passenger Ryndam scheduled to be delivered in late 1994.
 -0- 10/26/92
 /CONTACT: Tim Gallagher of Carnival Cruise Lines, 305-599-2600, ext. 776/
 (CCL)


CO: Carnival Corporation ST: Florida IN: LEI SU:

RK -- FL004 -- 6754 10/26/93 09:14 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
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