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This destabilized the rotor, forcing Princess Cruises to cancel two 10-day cruises while additional work was performed. Princess originally prevailed, being awarded nearly $4.6 million. On appeal, however, the judgement was reversed in favor of General Electric, and Princess Cruises only recovered the price of the contract, less than $232,000. [83]
The ownership of P&O Cruises changed twice in the early 2000s. In 2000, P&O divested its cruise operations and transferred them to the new independent company P&O Princess Cruises, [6] and in 2003, P&O Princess Cruises merged with Carnival Corporation to form Carnival Corporation & plc. [7] Fleet rotations continued.
In 2021, Carnival Cruise Line was estimated to hold a 7.6% share of cruise industry revenue and 18.2% of passengers. [4] It has 24 vessels and is the largest fleet in the Carnival group. [ 5 ] The ships fly flags of convenience : 17 of the ships fly the Panama flag and seven that of the Bahamas .
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Pacific Encounter is a Grand-class cruise ship operated by P&O Cruises Australia, a subsidiary of Carnival Corporation & plc.She was originally delivered in 2002 as Star Princess to sister cruise line Princess Cruises in 2002 by Italian shipbuilder Fincantieri, and was the second ship in Princess' history to operate under the name.
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In 2003, P&O Princess Cruises merged with Carnival Corporation to form Carnival Corporation & plc. [7] As a result of the merger, P&O Princess Cruises plc was re-listed as Carnival plc, becoming the UK holding company of the Carnival Group.
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