Carnival Corp (CCL) will start sailing its Carnival Cruise Lines’ ships to Cuba in May.
Carnival Cruise Lines being allowed to send ships to Cuba will mark the first time in 50 years that a cruise ship has been allowed to travel to the country from the U.S. The ships will travel from Miami to Havana.
The ships carrying passengers to Cuba will be from Carnival Cruise Lines’ Fathom line. The trips will last for seven days and prices start at $1,800 per person. The news came shortly after President Barack Obama visited the island and met with Cuban president Raul Castro, reports Miami Herald.
Royal Caribbean Cruises Ltd (RCL) and Norwegian Cruise Line Holdings Ltd (NCLH) are also expected to get approval for trips to Cuba soon, but aren’t likely to have cruises available before Carnival Cruise Lines’ first one.
More From InvestorPlace:
- 7 Rotten-Egg Stocks to Trash Before Easter
- 7 Big Pharma & Biotech Stocks to Sell or Short
- 10 Stocks to Buy for Your Rollover IRA