4,200 Stranded on Carnival Cruise Ship

After a fire damaged it engines, it will be towed back to port

   

4,200 Stranded on Carnival Cruise Ship

carnival cruise 630 300x225 4,200 Stranded on Carnival Cruise Ship Carnival (NYSE:CCL) is facing a problem with one of its cruise ships.

The Carnival Triumph suffered an engine fire in the Gulf of Mexico and is operating under emergency power. No injuries were reported and the fire has been extinguished, but the ship, which is carrying more than 4,200 passengers and crew is stranded, CNN notes.

Cruise 4,200 Stranded on Carnival Cruise Ship
Cruise Line Stocks: Who Makes the Grade?

Rescue vessels, including ships from the U.S. Coast Guard, have arrived to assist the ship, which is drifting 140 miles off the coast of Mexico’s Yucatan Peninsula. Tug boats have been dispatched to tow the Triumph to Progreso, a port in Mexico. It it expected to reach there by Wednesday.

Passengers from the Triumph will be flown to the U.S. by Carnival, and will receive a full refund, as well as credit to be applied to future trips with Carnival.

The Triumph had been heading to Galveston, Texas, when the fire broke out. Emergency generators maintained power to the ship’s passengers during the emergency.

Another cruise ship, the Carnival Elation has arrived and is transferring food and beverage supplies to the Triumph.

Last year, the Costa Concordia, owned by Carnival, capsized off the Italian coast, resulting in the deaths of 32 people.

Shares of Carnival slid fractionally in Monday morning trading.


Article printed from InvestorPlace Media, http://investorplace.com/2013/02/4200-stranded-on-carnival-cruise-ship/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.