Princess Cruises sells another cruise ship

Carnival Corp subsidiary Princess Cruises has sold Pacific Princess (IMO 9187887) to an undisclosed buyer, reducing its fleet to 14 vessels. The buyer’s name was not disclosed.

Parent company Carnival Corp has been selling their less efficient and older cruise ships over the past 12 months, partly to ease its cashflow position during a period when little money has been coming in.

During a recent earnings call Carnival Corp talked about selling a total of 19 cruise ships, which would make up just under 20% of its total fleet, with vessels being offloaded from all nine of its cruise line businesses/brands.

Pacific Princess originally entered service in 1999 as R3 for Renaissance Cruises. Carnival Corp took it over in 2002.

The boutique-style ship carried just 670 passengers, but incorporated many of the dining and entertainment options available on the cruise line’s larger cruise vessels.

1999-built, Bermuda-flagged, 30,312 gt Pacific Princess was owned and managed by Princess Cruise Lines Ltd of Valencia, California, USA. It was entered with Steamship Mutual (Americas Division) on behalf of Princess Cruise Lines Ltd (Bermuda). It was entered with UK Club on behalf of Carnival Corp.