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Costa disaster hits Carnival's profits

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Carnival Corp. The decision comes during a halt in cruising since March, when the lines stopped sailing the day before a no-sail order went into effect in the United States.

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It has not disclosed which cruise lines the ships are from or to whom they are being sold. The company also will delay delivery of new ships scheduled for as a cost-saving measure.

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Carnival lines account for 45 percent of the world's cruise industry, according to the travel-focused site the Points Guy. The CDC has implemented a ban through September and is expected compzny extend it, preventing cruise ships with a capacity carnival parent company passengers or more from operating in U.

Carnival CEO Arnold Donald said in the filing that the sales 'will generate a 12 carnival parent company reduction in capacity and a structurally lower cost base, while retaining the most cash-generative assets in our portfolio. Ships that are retired from cruising typically get sold to other lines, according to cruising website Cruise Critic - or they can be sent to junkyards for scrapping.

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