PANAMA (dpa-AFX) - Cruise company Carnival Corp. & Plc. (CCL.L, CUK, CCL) announced plans to significantly increase installations of its industry-first exhaust gas cleaning technology to more than 70 vessels.
The expansion covering over 70 percent of its entire fleet represents an increase from the 32 ships announced in September 2013.
Carnival is investing as much as $400 million to design, build and install the systems, being used for the first time in the restricted space found on cruise ships.
The systems will enable Carnival to meet new regulations that place a cap on sulfur content of fuel oil at 0.1 percent, leading to significantly reduced air emissions.
The systems will help the company meet its environmental sustainability goals, as well as mitigate spiraling fuel costs. The systems are scheduled to be installed over the next three years.
Copyright RTT News/dpa-AFX