Carnival's Princess Cruises Extends Global Sailing Pause

Because many ports of call globally have yet to reopen or have extended closure orders still in place, the Princess Cruises brand of cruise ship operator Carnival Cruise Line (NYSE: CCL) announced it was extending its "no sail" policy to a number of voyages in various countries. According to the Carnival cruise line, guests who paid their fare in full can get a refund, or they can receive refundable "future cruise credit," or FCC, that is equal to the full amount of the fare plus an additional non-refundable FCC equal to 25% of the cruise fare. Guests who haven't paid their fare in full can also receive a refund, or they can choose to get a refundable FCC that matches their deposit plus a non-refundable FCC that effectively doubles the amount of deposit and can be used toward any cruise through May 1, 2022.