For Full Story: Space Coast Daily
Article By: Space Coast Daily
The Canaveral Port Authority (CPA) Board of Commissioners took the final step today and voted unanimously to approve the terms of a long-term agreement with Carnival Cruise Line, paving the way for Carnival to homeport its newest and largest ship at Port Canaveral.
“I am extremely excited about this next chapter for Port Canaveral, and extraordinarily proud of the Port’s leadership team, staff and our cruise partners who have brought us to where we are today. Carnival’s commitment to our Port and their multiple decades of operations here is a tribute to our entire Port community,” said Wayne Justice, Chairman, Canaveral Port Authority Board of Commissioners.
The new operating agreement, which begins September 1, 2018 and replaces an existing six-year agreement set to expire next year, provides a 25-year primary term with four additional five-year renewal options.
Under the terms of the agreement, Carnival’s minimum annual guarantee increases from the current fixed $7 million passenger fee to $14.5 million with annual escalators.
“This agreement is a valuable milestone for the Port’s cruise business and a foremost achievement for the entire region’s economy. Our partnership with Carnival has continued to grow over the years thanks to this community’s assets, our commitment to service, and a steadfast focus on preserving our financial strength to invest in the Port’s future,” said Tom Weinberg, Secretary/Treasurer, Canaveral Port Authority Board of Commissioners.
Canaveral Port Authority and Carnival Cruise Line will invest in building and equipping a new two-story 185,000-sq. ft. terminal to accommodate the as-yet-unnamed 180,000-ton Carnival Cruise Line ship, engineered with Carnival Corporation’s state-of-the-art LNG “green cruising” design platform.
The new cruise vessel will have a 5,286 lower berth capacity with a maximum capacity of approximately 6,500 guests.