Cruise & Ferry Review - Autumn/Winter 2026

REDEFINING CRUISE Anna Nash explains how Explora Journeys is challenging industry norms with luxury experiences GREEN FERRIES Mary Ann Pastrana reflects on FastCat’s fleet modernisation RESILIENCE Josh Weinstein on Carnival Corporation’s record performance AW/26

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Foreword 3 Today’s cruise and ferry operators aren’t looking to reinvent the industry. Instead, they’re making targeted investments and hundreds of incremental improvements to enhance the guest experience, while improving safety, reducing their environmental impact and driving growth. Carnival Corporation, for example, is refining its organisational structures and optimising existing assets to build operational resilience and position the business for long term growth. “If we keep doing the boring stuff better, we can understand what our strengths are, identify our weaknesses and work out how to fill these gaps,” says Josh Weinstein, the organisation’s president and CEO in our keynote on page 10. Like many other cruise and ferry operators, Carnival Corporation is taking an incremental approach to accelerating decarbonisation. As the 2050 net-zero emissions deadline approaches, organisations are experimenting with battery technology, alternative fuels and various technologies to achieve this goal. “We recognise that no single technology represents a complete decarbonisation solution for the shipping industry,” says Michele Francioni of MSC Cruises, in our decarbonisation feature on page 98, which explores how stakeholders across the sector are working together to make meaningful environmental progress. Organisations are collaborating to solve other challenges too. For example, cruise lines are partnering with ports to overcome overtourism, while ferry companies are working with local communities to resolve service issues. Their aim is to support sustainable growth while ensuring passenger shipping creates lasting value for guests, communities and stakeholders. Collaboration will be key to sustainable industry growth in the years ahead. As Interferry CEO Mike Corrigan notes in his interview on page 74: “We have a stronger voice when we’re united.” Rebecca Gibson Editor, Cruise & Ferry Review Small steps, better future CONTRIBUTORS CFR would like to thank all of those who contributed to this issue, including: Javier Herbon Javier is an expert in fire protection and safety technologies for passenger vessels and serves as managing director of CBG Systems. Justin Merrigan Justin is a communications practitioner with more than 30 years of experience in the ferry sector, including 10 years with Incat Tasmania. Kara Sasse Kara is CEO of Ripple Operations, where she uses her expertise in maritime workforce technology and crew management to help cruise and ferry operators. Cristina Stefani In her role as marketing and communication strategist at Aquafil, Cristina specialises in turning sustainable materials into circular solutions for cruise ship and ferry interiors. AW/26

CONTENTS 4 10 Keynote 10 Carnival Corporation’s Josh Weinstein explains how incremental improvements, disciplined growth and a relentless drive towards decarbonisation have enabled the business to build resilience and position itself for long-term success Marketwatch 18 A collection of news from ship operators, ports and destinations and other businesses operating in the cruise and ferry sectors, including the latest on the launch of Explora Journeys’ new Explora III Cover story 32 Anna Nash outlines how Explora Journeys is creating ultra-luxury ocean travel experiences that challenge conventions 42 Ala Tashkandi of Aroya Cruises shares how Saudi Arabia’s first homegrown cruise brand is expanding to new markets 44 Fred. Olsen Cruise Lines’ Samantha Stimpson explains why strong partnerships between cruise lines, ports and destinations are key to the industry’s long-term success 47 David Fredericks talks about Century Cruises introducing its own luxury product to European waters after decades operating river vessels in the region for other brands 50 CLIA president Bud Darr is encouraging stronger partnerships between cruise lines and ports in order to manage the growing pressures on destinations and local communities Cruise Business 38 Christine Duffy of Carnival Cruise Line discusses introducing entirely new concepts to cruising, as well as continuous investments to evolve the guest experience 40 Christopher Prelog describes how Windstar Cruises is positioning itself at the forefront of a new form of cruise travel 32 38

5 58 Ferry Business 74 Mike Corrigan of Interferry looks back on the organisation’s key achievements over the past 50 years and outlines its future priorities 78 Supapan Pichaironarongsongkram explains why Chao Phraya Express Boat is prioritising commuter reliability 82 Mary Ann Pastrana reflects on modernising the Archipelago Philippine Ferries Corporation fleet, workforce investment and her role on the Interferry board 84 Wightlink’s Katy Taylor explores the changes she has overseen to the ferry operator’s services over the past two years 88 Seamus Murphy shares why San Francisco Bay Ferry is working to build the USA’s first high-speed, zero-emission passenger ferry fleet 90 Mark Wilson of Northumberland Ferries and Bay Ferries talks fleet investment, service growth and putting safety first 92 P&O Ferries’ Stewart Hayes on why reliability, retrofitting and industrywide collaboration will define the pace of the sector’s transition to lower-emission operations 94 Interferry will celebrate 50 years of representing the global ferry industry when it hosts its annual conference in Bangkok, Thailand, later this year Expedition Cruise Business 56 Akvile Marozaite gives an insight into how Expedition Cruise Network is driving the responsible growth of the expedition cruising sector 58 Seven expedition cruise line executives share which criteria shape their itineraries and which destinations they believe best capture the spirit of exploration 66 Rémi Bouysset explains how Oceanwide Expeditions responded when a deadly hantavirus broke out on its ship and highlights what lessons the industry can learn 68 HX Expeditions’ Gebhard Rainer discusses plans to build on 130 years of heritage to steer the newly independent brand towards a more experience-focused future 70 Rodolfo Spinelli of SunStone Maritime Group shares why the firm is adapting its vessels for both warm water and polar exploration 78 84

7 CONTENTS Building and Refurbishment 98 Sustainability leaders at Norwegian Cruise Line Holdings and MSC Cruises highlight the fuels, technologies and policies driving down the carbon footprint of passenger shipping 106 CFR reports on key orders and deliveries shaping the future of ferry travel 110 Cruise lines are ordering ships tailored to increasingly diverse markets, destinations and passenger segments 114 CFR spotlights a selection of refurbishment projects carried out in 2026, as well as some scheduled for 2027 and beyond 121 Germán Schacht Kossmann shares how the launch of Magellan Discoverer demonstrates ASENAV’s expertise in meeting the needs of the expedition ship building sector 123 Shaun White of Foreship (RINA) discusses how the consultant delivers its expertise across the entire life cycle of newbuild, refit and retrofit projects Marine Operations 124 CFR considers the latest maritime safety initiatives from IMO and highlights four more organisations from our periodic table of safety and security elements 129 Javier Herbon describes how CBG Systems is redefining the limits of fire safety solutions with two marketleading lightweight insulation systems 130 Workforce complexity, artificial intelligence and better connectivity are reshaping crew management, says Kara Sasse of Ripple Operations 131 Vittorio Vagliani explains how Safety at Sea’s SRtP Onboard tool helps crews to coordinate emergency responses and prepare for evolving IMO requirements 132 Sami Koponen shares how NAPA Checklist is tackling the threat of overwhelming procedures and paperwork 135 Christian Sens explains how Bluefin Technology’s Liquid Shear system cuts fuel consumption, reduces sludge production and lowers emissions without major vessel modifications 114 132

www.onecaribbean.org | www.cruising.org | www.expeditioncruisenetwork.com www.interferry.com | www.ifiworld.org | www.oceancouncil.org | www.wtcf.org.cn £24.00 Cruise & Ferry is proud to partner with the following organisations to support and promote their global visions and objectives WWW.TUDOR-ROSE.CO.UK …with marketing services from Tudor Rose. Send a mail to hello@tudor-rose.co.uk to arrange a consultation. PUBLISHING BRANDING ADVERTISING DESIGN DIGITAL COPYWRITING Make your business stand out from the crowd Executive editor Jon Ingleton Editor Rebecca Gibson Editorial team Kasturi Datta, Richard Humphreys, Laura Hyde, Lindsay James, Alex Smith Editorial contributors Justin Merrigan Ferry industry advisor Simon Johnson, Shipshape Consulting Media manager Shelly Palmer Account managers Marie Emmanuelle Dagri, James Luscombe, Kimberley McLean, Benedict Pask Publisher Toby Ingleton Production manager Stuart Fairbrother Design Bruce Graham, Libby Sidebotham Website development Chris Jackson Circulation Sophia Brinkley Cover image Explora Journeys Expedition Cruise Business cover image Expedition Cruise Network Ferry Business cover image Northumberland Ferries Advertise info@cruiseandferry.net Subscribe subscribe@tudor-rose.co.uk www.cruiseandferry.net/subscriptions Published by Tudor Rose 6 Friar Lane Leicester LE1 5RA Tel: +44 116 2229900 www.tudor-rose.co.uk ISSN 2635-0475 (Print) ISSN 2635-0483 (Online) Printed in Great Britain by The Manson Group. © 2026 Tudor Rose Holdings Ltd. All rights reserved. No part of this publication may be stored or transmitted or reproduced in any form or by any means, including whether by photocopying, scanning, downloading onto computer or otherwise without the prior written permission from Tudor Rose Holdings Ltd. Views expressed in this magazine are not necessarily those of the publisher. Acceptance of advertisements does not imply official endorsement of the products or services concerned. While every care has been taken to ensure accuracy of content, no responsibility can be taken for any errors and/or omissions. Readers should take appropriate professional advice before acting on any issue raised herein. All wording in the Featured Partners section is based on content provided by the companies profiled. The publisher reserves the right to accept or reject advertising material and editorial contributions. The publisher assumes no liability for the return or safety of unsolicited art, photography or manuscripts. Follow Cruise & Ferry:

9 CONTENTS Ports and Destinations 158 Heike Naigur of Norwegian Cruise Line Holdings discusses how sustainability expectations, data, collaboration and infrastructure are influencing itinerary planning and destination partnerships Europe 167 Cruise Baltic 169 Las Palmas 170 Special report: MedCruise at 30 North America 179 Port Everglades Featured Partners 181 A selection of ship repair yards, interior outfitters, suppliers, technology providers, and ports and destinations within the cruise and ferry industries Onboard Experience 136 Petu Kummala of Carnival Cruise Line discusses the importance of collaboration, coherence and practicality in creating exceptional interiors 141 Anna Silvesjö details how Tillberg Design of Sweden translates brands into experiences that guests can connect with 142 Scott Lundmark explains how Adventure Golf & Sports continues to evolve its mini golf courses to keep pace with onboard entertainment trends 145 Aquafil’s Cristina Stefani believes designers must go beyond recycled products and materials and embrace circularity, recoverability and lifecycle management to create sustainable ship interiors 146 Shores Global’s Susan Sadolin reflects on the shocks the furnishing supplier has overcome and the experience that keeps it relevant today 148 CFR explores what attendees can expect at Cruise Ship Interiors Design Expo Europe in Hamburg in December 2026 136 158

10 KEYNOTE From recovery to record performance Josh Weinstein explains to Rebecca Gibson how incremental improvements, disciplined growth and a relentless drive towards decarbonisation have enabled Carnival Corporation to build resilience and position itself for long-term success When Josh Weinstein became president and CEO of Carnival Corporation in 2022, the industry was in the midst of post-pandemic recovery. He took considered steps to move from survival mode to a period of disciplined growth, while building operational resilience for the future. Just four years on, the organisation has returned to record financial performance, achieved key strategic targets ahead of schedule and laid out an ambitious roadmap for future growth. Weinstein started by going back to basics. “Carnival Corporation is a global organisation with eight cruise brands whose purpose is to deliver happiness to over 13.5 million guests each year while honouring the integrity of every ocean we sail, place we visit, and life we touch,” says Weinstein. “Everything we do has to be centred around that purpose, so we analysed everything from the team structure to our business objectives to ensure we could fulfil our ultimate aim.” From the start, Weinstein prioritised people. “Our people are our most powerful asset – we couldn’t deliver amazing cruise experiences without our 160,000 ship and shore team members,” he says. “It was critical to build a team of capable individuals who are passionate about their jobs, committed to helping the company fulfil its purpose, and dedicated to taking care of their people. We spent a lot of time making sure we had the right folks in the right roles and creating a positive, collaborative and inclusive working environment where everyone has the tools, knowledge and support they need to do their jobs well.” Next, Carnival Corporation took steps to “further hone operational inefficiencies wherever it could”. In June 2023, Weinstein introduced the SEA Change programme, setting three-year targets to increase environmental sustainability, boost financial performance and drive sustainable long-term net yield growth across its portfolio. “The main reason for SEA Change was to get everybody thinking about our longerterm trajectory,” he says. “At the time, we were still a little fragile – we hadn’t long restarted operations, so we didn’t have a net income and we’d taken on $20 billion in debt to get through the pandemic. From a financial perspective, there was a long road ahead but I was confident we could achieve levels of performance from well before the pandemic. Ultimately, all our business objectives are designed to help us deliver extraordinary cruises while operating responsibly. If we’re concentrating on this, we’ll naturally hit our financial goals too.” According to Weinstein, the corporation “unlocked the biggest progress” by making significant inroads in the commercial operations of all of the brands. “We enhanced everything from brand and performance advertising and marketing to revenue management, itinerary planning and onboard delivery,” he says. “If we keep doing the boring stuff better, we can understand what our strengths are, identify our weaknesses and work out how to fill these gaps.” Taking this approach worked well. Carnival Corporation attained the targets 18 months early, more than doubling return on invested capital and delivering its highest adjusted EBITDA per available lower berth days in almost two decades, while meaningfully reducing greenhouse gas (GHG) emissions. In March 2026, the organisation released its PROPEL targets, which are aimed at further increasing earnings, outsizing shareholder distributions and driving higher returns by 2029. While some in the industry questioned Carnival Corporation’s decision to set such ambitious goals amidst ongoing geopolitical volatility, rising fuel prices and other challenges, Weinstein remains unfazed. “We did get a few raised eyebrows,” he jokes. “But I’ve been in the cruise industry for 24 years and there have always been issues like this – my job is to look well beyond the current state of play to ensure we build the resilience to perform well in spite of them.”

Photo: Carnival Cruise Line Josh Weinstein (right) celebrates the opening of exclusive destination Celebration Key with Carnival Cruise Line president Christine Duffy and the brand’s chief fun officer Shaquille O’Neal 11

13 Weinstein’s confidence stems from Carnival Corporation’s portfolio of “world-class brands”. “They offer diverse cruise experiences and they’re the strongest performers in their respective markets,” he says. “We also have a very mature destination strategy. We’re a leader in the Caribbean, which is an enormous drive-to market for many of our brands, and home to several of our exclusive island destinations. Northern Europe and the Mediterranean have been spectacular for us for years. And we have an untouchable strategic advantage in Alaska, where we own over 3,000 rooms in hotels and lodges, glass-domed rail cars and the largest fleet of motor coaches. We’re also making significant progress towards decarbonisation. I’m very confident that if we make incremental improvements across the business every day and manage costs well, we will reach – and likely exceed – these targets.” One of the key steps to achieving its PROPEL targets will be to maintain intentional fleet capacity growth while investing in return-generating refurbishment programmes for the company’s existing ships and its exclusive destinations in the Caribbean and Alaska. “I’ve been pretty open and consistent about my belief that Carnival Corporation can excel by focusing on moderate capacity growth and doing more with the great assets we already have,” says Weinstein. “We’ve been introducing one or two newbuilds annually for the last few years and we’ll follow that strategy for the foreseeable future – in fact 2026 is the only year we don’t have a new ship coming out. The most cost-effective way for us to significantly advance operational performance and the guest experience across multiple brands in a relatively short time frame is to extensively renovate midlife ships. We can refurbish maybe 20 to 25 vessels for the same cost as constructing one big newbuild.” Carnival Cruise Line, for example, has revamped seven vessels in the first half of 2026. Meanwhile, both AIDA Cruises and Holland America Line are carrying out their most extensive renewal projects to date. In February 2025, AIDA Cruises began a multi-year project to refurbish seven of its older ships – AIDAdiva, AIDAbella, AIDAluna, AIDAblu, AIDAsol, AIDAmar, AIDAstella – at Chantier Naval de Marseille to create a new Selection class. By 2028, all seven vessels will have refreshed interiors, expanded outdoor areas, additional suites and upgraded dining, entertainment and wellness facilities. They will also have updated technical systems to optimise operational efficiency and decrease fuel consumption. Similarly, Holland America Line is spending more than $500 million to complete bow-to-stern revitalisations on six of its 11 ships in partnership with Italian shipbuilder Fincantieri. The multi-year project will span four Vista-class ships – Oosterdam, Zuiderdam, Westerdam and Noordam – and two Signature-class vessels – Nieuw Amsterdam and Eurodam. Photo: AIDA Cruises AIDA Cruises is installing new spaces on seven of its ships as part of its biggest-ever fleet revitalisation project “ Carnival Corporation can excel by focusing on moderate capacity growth and doing more with the assets we already have” KEYNOTE

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15 Starting in autumn 2027, the brand will complete the refits ship by ship, incorporating bars, restaurants and suite and stateroom categories found on its latest Pinnacle-class vessels, while also introducing experiences and venues that are new to the fleet. Oosterdam will be the first to be revitalised and feature 76 additional staterooms and suites, including 30 purpose-built for travellers, two Bridgeview Suites positioned above the bridge with forward-facing wraparound windows, and a 1,550-squarefoot Pinnacle Suite. “These refurbishment programmes will significantly enhance the guest experience and the ships’ operational performance,” says Weinstein. “They also allow us to moderately grow capacity for brands that are bursting at the seams with demand, but without the massive capital expenditure and time associated with building new vessels. More of our brands will be announcing similar projects in the coming months.” Weinstein witnessed the success of these efforts first-hand when he joined investors onboard the newly renovated AIDAdiva when it docked in New York, USA, as part of its world cruise. “Everyone said it looked and felt like a completely new ship, not an 18-year-old vessel, and that’s exactly the reaction we were hoping for!” Carnival Corporation is making similar high-impact upgrades to its private islands. For example, it has added the expansive Mangrove Bay area to Isla Tropicale (formerly Mahogany Bay) in Roatán, Honduras, and doubled pier capacity at Celebration Key in Grand Bahama, allowing the island to accommodate four cruise ships simultaneously. RelaxAway, Half Moon Cay now features a new beach club, shops, pickleball courts and food trucks, as well as refreshed dining venues and beach facilities. The corporation has also allocated $70 million for a two-year project to update riverside trails, revamp public spaces, remodel existing guest rooms and construct a new accommodation building at Holland America Denali Lodge, which is located just outside of Denali National Park and Preserve in Alaska. “Just as with our ships, creating new exciting experiences at our existing destinations is a good way to quickly improve the guest experience,” says Weinstein. Carnival Corporation is also “aggressively investing” in technologies and solutions to boost operational efficiency and reduce organisationwide energy consumption as part of its pathway to PROPEL. “We don’t yet have the ultimate solution for decarbonising our operations – and if someone says they have, they’re lying to you!” says Weinstein. “In fact, I don’t think we’ll ever have one solution that can be used on every cruise ship; we’ll likely use a combination of technologies to help us to reach net zero.” For now, Carnival Corporation is centring its efforts on fleet transformation and making incremental improvements, says Weinstein. “Anything we can do to operate more thoughtfully and lower our carbon footprint goes into the mix, but our main objective is to consume fewer resources – whether that be energy, fuel, water, food, single-use plastic, or something else. The fewer resources we use, the less waste we produce, which is better for both the planet and our bottom line.” Around 80 per cent of the fleet now features Power Saver Packs – LED lighting and advanced HVAC and Photo: Carnival Cruise Line The Stay Awhile beach shack is one of multiple new venues that have been added to the corporation’s exclusive Bahamian island, RelaxAway Half Moon Cay KEYNOTE “ Our people are our most powerful asset”

16 energy management systems – which has reduced annual shipboard energy demand by more than 535,000 megawatt hours since 2019. Over 40 ships use Azipod propulsion systems to cut fuel consumption by up to 10 per cent, while 13 vessels use air lubrication systems to decrease propulsion energy needs by around five per cent. Smart itinerary planning, weather routing and voyage optimisation tools further minimise fuel use. “We’re by far and away the tip of the spear when it comes to reducing energy consumption – it’s been our primary focus for more than 20 years,” says Weinstein. At the same time, Carnival Corporation is adopting low-carbon solutions to reduce GHG emissions. One is LNG fuel, which Weinstein says the corporation committed to in 2012, long before any infrastructure had been built. In 2018, it debuted the world’s first fully LNG-powered cruise ship and 11 of its 96 ships – almost 21 per cent of the fleet capacity – now operate using the fuel. Seven more LNG-powered newbuilds are set to join the fleet by 2033 and are expected to deliver more than 20 per cent greater efficiency per passenger than current ships. “We’ve long advocated for the use of LNG as a transitional fuel – it’s the lowestemission option we can feasibly use at scale today,” says Weinstein. “We’ll move to bio-LNG and e-LNG fuels as they become widely available, and we’re trialling biofuels on some AIDA Cruises, Holland America Line and Costa Cruises ships. AIDA Cruises is also testing hydrogen-powered fuel cells and battery technology – these technologies are helping us to save energy but our ships are so big that batteries can only ever be part of a wider solution.” In addition, Carnival Corporation has expanded shore power capabilities to 74 per cent of its fleet, with these ships connecting to local electric grids during approximately 1,460 port calls in 2025. “We’ve been at the forefront of shore power since our Princess Cruises brand became the first cruise line to connect to a hydroelectric shore power system in Juneau, Alaska, in 2001,” says Weinstein. “We’ll continue to connect wherever possible in ports worldwide and expand shore power capabilities to 80 per cent of the fleet by 2030.” Carnival Corporation’s extensive efforts are paying dividends. Not only are they helping the organisation to move closer towards its PROPEL targets, but they’re also enabling it to regularly surpass its GHG emissions intensity and other environmental aims. In 2021, Carnival Corporation declared it would reduce GHG emissions intensity by 20 per cent by 2030, relative to its 2019 baseline. The organisation hit this benchmark in 2025, five years ahead of schedule, helped largely by retiring 27 older ships and introducing a new generation of more energy-efficient vessels. “Reaching our 2030 goal five years early is a significant milestone that reflects years of disciplined investment and innovation across our global fleet,” says Weinstein. “It’s even more impressive when you consider the fleet is also over 10 per cent bigger than it was in 2019 – and we’re using over 12 per cent less fuel than we were in 2019, which we expect will save roughly $650 million in 2026 alone. Since 2008, we have decreased GHG intensity by 44 per cent, almost halving per-guest emissions.” Carnival Corporation raised the stakes again in 2026, committing to cut emissions intensity by 25 per cent by 2029 versus its 2019 baseline. “We want to continue improving every part of the equation to lower emissions even further over time,” says Weinstein. He explains that partnerships with key stakeholders across the maritime and other industries will continue to be pivotal in helping the organisation decarbonise. KEYNOTE Photo: Holland America Line Carnival Cruise Line’s Mardi Gras is one of the 11 LNG-powered ships currently sailing in the corporation’s global fleet Photo: Carnival Corporation

17 “We never want to compete on the environment,” says Weinstein. “The only way the cruise industry will find feasible decarbonisation solutions is by working together and sharing our expertise. There are already many examples of decarbonisation solutions that work well on land, but it’s a massive challenge to get them to work effectively on cruise ships sailing at sea – everything has to be miniaturised and compartmentalised. We’re collaborating with shipyards, suppliers, vendors and other entrepreneurs to refine these solutions for use at sea, and we’re always open to discussing new ideas, technologies and partnerships.” Carnival Corporation will also continue collaborating with organisations like the Cruise Lines International Association (CLIA) to help it overcome other issues that may hinder its growth, such as increasingly strict regulations, rising fuel prices and overtourism. “The cruise industry represents a tiny proportion of the global travel sector, so it can be difficult for individual cruise operators to solve problems on their own,” says Weinstein. “CLIA provides a unified voice for the industry, helping us to align on priorities that will benefit the entire industry, our guests, the communities we visit and the environment. As they say, a rising sea lifts all ships.” In January 2026, Weinstein began a two-year tenure as chair of CLIA’s Global Executive Committee (GEC), succeeding Jason Liberty, chairman and CEO of Royal Caribbean Group. In this role, he will collaborate with other members of the GEC to shape CLIA’s strategies and develop initiatives to enable the cruise industry to accomplish its shared priorities. “I’ve had the privilege of being on the GEC for four years and working with the leaders of other major cruise brands to advance the industry, so I’m honoured to now serve as chair,” he says. “Delivering extraordinary cruise experiences depends on a sustained focus on safe, reliable operations and effective coordination across the sector. As we build for the future, CLIA will help the industry continue to demonstrate its commitment to responsible growth, achieving our GHG reduction short-term and longterm ambitions, deepening relationships with our ports and destination partners, prioritising workforce development, and contributing positively to the communities we serve.” Four years into Weinstein’s time as CEO of Carnival Corporation, the cruise industry is still contending with a challenging operating environment. From rising fuel prices to negative media headlines about a rare outbreak of hantavirus, the US-Iran war trapping ships in the Strait of Hormuz and anti-cruise sentiment from destinations expressing concerns about overtourism – the list of hurdles may seem insurmountable to some. Yet, just as he was confident in Carnival Corporation’s ability to excel after the pandemic, Weinstein is certain the cruise industry will have a prosperous future. “We’ve had virus outbreaks, geopolitical unrest, extreme weather events, natural disaster and other incidents in the past, and they’ll happen again in future,” says Weinstein. “No industry is immune to these incidents. However, the cruise industry is very resilient and, because we’re small in comparison to other segments of the travel sector, we have a tremendous opportunity to keep growing. More people are recognising that we provide remarkable vacation experiences for great value, so cruising has become more popular and mainstream than ever. Carnival Corporation’s brands are committed to continually improving and finding new and innovative ways to fulfil our core purpose of making our guests happy.” Josh Weinstein believes Carnival Corporation has an “untouchable strategic advantage” in Alaska, where it offers multiple sailings and has an expansive network of lodges for guests to stay in

18 Explora Journeys’ first LNGpowered ship, Explora III, was officially named at Port of Barcelona in Spain on 1 August 2026 by the ship’s godmother: marine conservationist, dive trainer and National Geographic Educator Cristina Ozores. The naming ceremony brought together senior leaders of Explora Journeys including Pierfrancesco Vago, executive chairman of MSC Group’s Cruise Division and Anna Nash, president of Explora Journeys, and followed a prelude journey through the Mediterranean where tennis star Jannik Sinner (pictured inset with Captain Serena Melani, opening the onboard padel court) became the ship’s first guest. “Naming Explora III is a momentous occasion that reflects both the trajectory of our fleet and our steadfast commitment to shaping the future of ultra-elegant ocean travel,” said Nash. “Conceived as a destination in her own right, Explora III brings to life an even more generous expression of space, design, gastronomy and holistic wellbeing, with every detail encouraging the presence and connection that defines our unique ‘Ocean State of Mind’.” Ozores said: “For me, being the godmother of Explora III is about opening the door to a new kind of experience – one where people can truly discover the ocean in a deeper, more meaningful way. MARKETWATCH Explora III begins inaugural season following naming ceremony in Barcelona The first LNG-powered ship in the Explora Journeys fleet also completed a ‘prelude journey’ through the Mediterranean with tennis star Jannik Sinner as its first guest From left, Daniela Picco, director at MSC Foundation, José Alberto Carbonell, president of Port of Barcelona, Anna Nash, president of Explora Journeys, marine conservationist Cristina Ozores, Captain Serena Melani and Pierfrancesco Vago, executive chairman of MSC Group’s Cruise Division Photos: Explora Journeys

19 I hope each journey invites them to feel the beauty beneath the surface, to be amazed by its colours and life, and to reconnect with the sea with curiosity, joy, and a genuine desire to care for it.” At 268 metres in length, Explora III is 19.2 metres longer than Explora I and Explora II. The ship offers 19.5 square metres of public space per guest – one of the highest ratios in the cruise industry. “The real evolution on Explora III is our idea of casual luxury, now even more mature and consistent throughout the ship,” said Antonio Di Nenno, director of architecture and design at MSC Cruises. “Luxury should be everywhere but never feel formal or intimidating. It should feel elegant, comfortable and familiar, like being at home.” The ship is designed with LNG fuel capability to support the future use of renewable alternatives such as bio-LNG and synthetic LNG. Explora III is also equipped with shore power capability, which means engines can be turned off at ports where infrastructure exists, reducing energy consumption and emissions at port. Explora IV and Explora V will join the fleet in 2027, followed by Explora VI in 2028. All three ships will use advanced environmental technologies as part of the brand’s commitment to sustainability. Explora III commenced its seven-night maiden journey on 3 August from Barcelona to Lisbon in Portugal. Its inaugural sailing season includes journeys through Northern Europe, Iceland, Greenland and North America. Read more about the new ship and how Explora Journeys is redefining cruise travel in our cover story interview with Anna Nash on page 32 Standout spaces onboard Explora III CFR profiles selected new areas, experiences and accommodation on the most spacious vessel in the Explora Journeys fleet The Lobby The ship’s redefined design includes a redesigned lobby with a sculptural asymmetrical staircase beneath bespoke Venini chandeliers. Accommodation Expanded options feature new Ocean Suites, Penthouses and Residences, plus a second Owner’s Residence designed by Patricia Urquiola, which includes a private steam room and terrace with whirlpool. Gallery The ship’s gallery features contemporary works of art presented in partnership with Clarendon Fine Art. The gallery will feature original works and limited editions. Culinary experiences New venues include The Cellar by Explora Journeys wine bar featuring nearly 350 different labels, The Chef’s Table by Explora Journeys ‘co-created dining experience’ (pictured), the Shore Club on 11 and a new Outdoor Cigar Lounge alongside the Malt Whisky Bar. Photo: Explora Journeys Photos: Explora Journeys Explora III’s inaugural sailing season will include journeys through Northern Europe, Iceland, Greenland and North America

20 A new 48-metre catamaran ferry designed by Incat Crowther is now in construction at Midship Marine in Louisiana, USA, for operator Hy-Line Cruises, based on Cape Cod, USA. The 493-passenger ferry will be capable of reaching speeds in excess of 30 knots and has been designed specifically for the conditions experienced off the coast of Cape Cod. It is expected to be completed by 2028 and will operate on tourism and commercial routes connecting Hyannis, Massachusetts, with the islands of Martha’s Vineyard and Nantucket. “This vessel is custom-designed and built in the US and is an example of Incat Crowther’s sovereign design and build capabilities for North American operators,” said Grant Pecoraro, managing director North America at Incat Crowther. “This project also renews our successful partnership with Hy-Line Cruises, and we’re delighted to be supporting the expansion of their fleet to meet growing customer demand.” New catamaran ferry in construction for Hy-Line Cruises in Cape Cod Spanish ferry line Baleària has completed its takeover of Naviera Armas Transmediterránea, following clearance from competition authorities and the acquisition of assets, including four ships, in the Alboran Sea and Strait of Gibraltar. This follows Baleària’s acquisition of Armas Transmediterránea’s Canary Islands operations, which now carry the brand Baleària Canarias. The Baleària group now has nearly 4,500 employees and more than 50 vessels and expects to exceed eight million passengers in 2026. Baleària president Adolfo Utor said that the line is embracing this growth as the leading Spanish-owned ferry operator, with a presence on all domestic coastal routes and capable of guaranteeing the strategic and essential nature of maritime transport for the country’s territorial cohesion and integration. Baleària completes takeover of Naviera Armas Transmediterránea MARKETWATCH

21 MSC Cruises launches digital remote check-in for Alaska sailings from Seattle MSC Cruises introduced a new digital remote check-in service for MSC Poesia’s inaugural Alaska sailings in May. Guests travelling on MSC Cruises’ official airport transfer were able to complete their cruise check-in at Seattle-Tacoma International Airport before arriving at the cruise terminal. They can then skip documentation verification and check-in steps at the port, proceeding straight to security screening and boarding, speeding up embarkation. MSC Cruises plans to extend the solution to general airport arrivals, hotels and other locations. It also intends to roll out the digital remote check-in service across more ports. OnDeck App update gives guests more ways to plan The OnDeck App from software company Sourcetoad now gives cruise guests more ways to make plans before embarkation, following an integration with reservation software Versonix Seaware. Passengers can reserve dining, shore excursions, spa treatments, drinks packages and other onboard experiences in advance, reducing time spent booking activities after boarding. For cruise lines, the integration can create earlier touchpoints with guests, increase onboard revenue, and enable more personalised journeys from the point of booking. Once the cruise begins, reservations continue through the app’s shipboard integrations, to maintain a connected experience across shoreside and onboard systems. OnDeck delivers this functionality through a ready-to-deploy, white-label mobile app for cruise operators. Expedition cruise operator Golden Galapagos is to debut the new 16-guest Galapagos Eminence, its biggest vessel to date, in the Galapagos Islands in April 2027. The vessel, which has been built using steel and aluminium, has solar panels and smart water treatment and reuse systems. Onboard highlights will include nine suites with private terraces, an al fresco bar and dining area, and a panoramic elevator, with wellness facilities including a spa, infrared sauna, gym and exterior jacuzzi. An internal garage for zodiacs and kayaks will be integrated into the hull. Golden Galapagos to introduce largest-ever catamaran in 2027

22 MARKETWATCH Holland America introduces year-round Europe cruising Holland America Line is expanding its presence in Europe by extending its 2027-2028 sailing season into winter. Nieuw Statendam will remain in Europe throughout the year, and new itineraries – including a 13-day Baltic and Scandinavian Christmas Markets and a second 15-day holiday sailing that features overnight stops in Hamburg and Copenhagen – will add more than 70 port days to the year. “Europe continues to be one of the most sought-after destinations for our guests, and as a cruise line with Dutch roots, it’s a region we know incredibly well,” said Paul Grigsby, vice president of deployment and itinerary planning at Holland America Line. “Expanding to year-round Europe allows us to showcase a completely different side of the destination – one that is quieter, more immersive and deeply seasonal. From the festive charm of Christmas markets to a cooler and more relaxed Mediterranean region, winter offers a more authentic way to experience Europe.” Island Bwoy Cuisine helps cruise operators diversify onboard menus Island Bwoy Cuisine is “bringing bold Caribbean flavour to the high seas” with its Jerk Chicken Sausage, for cruise line dining. The US-based food producer, which has origins in Jamaica, expects the gourmet sausage to appeal to cruise operators that are looking to diversify onboard menus to reflect global palates. Mark Henry, the company’s founder and chief creator, says the sausage is “a flavourful, readyto-integrate option for buffets, handheld snacks, and specialty venues and events”. Crafted with traditional jerk seasoning and portioned for high-volume operations, the jerk chicken sausage reflects a broader shift toward authentic, culturally rich dining. Island Bwoy Cuisine continues to expand its line-up of sausages and other meat products to meet demand for distinctive menu options at sea. Manta Marine Technologies to expand its portfolio Manta Marine Technologies is expanding its portfolio with a solution aimed at helping shipowners improve vessel efficiency and reduce emissions. The solution, which will be announced at the SMM Hamburg show in September 2026, reflects the firm’s continued focus on making greener vessel operations more achievable, from initial concept through to delivery and lifecycle support.

23 Corfu Port Authority (CPA) expects to host more than one million cruise passengers and approximately 560 ship calls in 2026, further reinforcing Corfu’s position as a leading cruise destination in the Mediterranean. The organisation is investing to improve safety, sustainable port development, operational efficiency, destination management and the visitor experience to grow cruise activity across its network of 37 ports and facilities in Corfu, Paxoi and the Diapontian Islands. “The Corfu Port Authority is also expanding its cruise offering by embracing emerging segments such as small-scale, boutique and luxury cruising, responding to growing demand for more personalized and destination-focused experiences,” said Dimitris Apergis, CEO of Corfu Port Authority (pictured). “A significant step in this direction is the first cruise call at the Port of Gaios in Paxos, introducing a new dimension to the region’s cruise activity and representing an innovative approach for the wider sector. By opening smaller island ports to carefully selected cruise products, the authority is creating new opportunities for differentiated visitor experiences while extending the benefits of cruise tourism across the wider region, strengthening Corfu’s position as one of the leading cruise destinations in both Greece and the Mediterranean.” Corfu to welcome over one million cruise guests in 2026 Antti Marine launches new line of lightweight marine doors Finnish manufacturer Antti Marine has launched a new line of lightweight marine doors. Designed to significantly reduce structural mass and thereby contribute to lower vessel fuel consumption and operational emissions, helping cruise lines meet netzero targets, the new doors also maintain fire safety, structural and acoustic standards. Built with responsibly sourced and durable materials, the doors feature a smart assembly and high metal content so they can be more easily disassembled and recycled at the end of a vessel’s lifespan.

Putting Course in AGS Bunkers & Bumps™ style with rolling terrain and faux sand traps. Can be as challenging as you wish! Mini Golf Course where rough turf separates holes while ramps, faux wooden pathways and a pachinko-style obstacle challenge players. Lounging, Mini Golf & Game Court FUN! Any Space, Theme or Budget! How to start: Supply CAD deck plan & explore the possibilities! Versatile Lounging Spaces from AGS for movie nights, lawn games and more with upgraded soft turf and special infill to keep the surface cool for barefoot guests! As the global leader for Mini Golf and Game / Sport Court design, lounge spaces are increasing in popularity because of their versatility, and we create them for any deck space and ship demographic. Besides relaxation, lounge spaces are often integrated with game court options like bocce ball, croquet and other lawn games or remain as open space to host movie nights or exercise classes. Whatever your deck plan, our products are eco-friendly, low maintenance and wheelchair accessible, allowing entertainment options for your guests to create lasting memories. • New builds & revitalizations • Durable, lightweight patented modular systems • Special infill helps keep open spaces cool • Excellent drainage for quick-dry, no mess performance • Proprietary anchoring technology • Installation at shipyard, dry dock or at sea • 18 years’ experience with cruise ship logistics A Global Leader in Miniature Golf & Game Court Design/Installation U.S. 888 725-4FUN (4386) • (231) 922-8166 Traverse City, MI | Chicago | Miami | Venice, FL AGSGolfAndSports.com

25 Three at sea CFR picks out three innovative products for passenger ships MARKETWATCH: PRODUCT SPOTLIGHT Solarglide anti-glare screens Solarglide’s Anti-Glare Solar Screens are helping cruise and ferry operators improve bridge comfort, visibility and energy efficiency. Designed specifically for wheelhouse and bridge windows, the screens are independently Type Approved by Lloyd’s Register and reduce solar glare and heat without obstructing outward visibility. Solarglide has supplied its solar screens for Virgin Voyages’ flagship vessel Scarlet Lady. Fully retractable and made to measure, the systems support crew well-being, reduce HVAC load and are suitable for both newbuild and retrofit applications across the passenger shipping sector. Sveba Dahlen ovens Sveba Dahlen provides cooking equipment specifically designed for compact marine environments – from proofers and dough handling equipment, to combination, rack, deck and pizza ovens. The firm supplied four ovens from its King of Combination series – the V40MA and C100MA rotating rack ovens, the D34MA electric deck oven, and the SR120MA mini rack oven – to Royal Caribbean International’s Icon-class vessels Icon of the Seas, Star of the Seas and Legend of the Seas, which were built at Meyer Werft Turku in Finland. Designed for consistent baking results, high capacity and dependable performance in demanding marine environments, these ovens enable onboard teams to bring fresh bakery quality to cruise ship passengers. Remer outdoor showers Italian manufacturer Remer Rubinetterie’s outdoor shower column models have been engineered using marine-grade stainless steel for superior corrosion resistance, durability and performance on cruise ship pool decks and outdoor areas. The shower systems combine refined design with the reliability required for demanding marine environments. Remer is also a fully integrated manufacturer of faucets and spare parts and ensures fast production, short lead times and responsive service with every project.

FOUR SEASONS YACHT EXTERIOR & INTERIOR DESIGN SHAPING ICONS

27 Deluxe refurbishes dining venues on Royal Caribbean’s Ovation of the Seas The Deluxe Group has completed refurbishment work on Royal Caribbean International’s Ovation of the Seas, during the vessel’s drydock in Singapore. The Deluxe team was responsible for the fit-out and refurbishment of three key hospitality venues: Izumi Restaurant (pictured), Pesky Parrot and Giovanni’s Italian Kitchen, delivering high-quality craftsmanship within a demanding drydock schedule. Deluxe also has several passenger ship projects due for completion in 2026 and 2027. Atmosfire to bring safe decorative fires to cruise ships Atmosfire is to introduce its ultra-realistic, no heat, flame technology to the passenger shipping industry to offer operators a safe alternative to open fires. “Atmosfire creates extraordinarily realistic flames with no heat, smoke or combustion, making it possible to introduce the beauty of fire into spaces throughout a vessel,” said Mark Temple, the company’s managing director. “From luxury suites to elegant lounges and public areas, Atmosfire can be used to create the appearance and atmosphere of a real fire without compromising safety.” MARKETWATCH Testing company SGS is expanding its services for shipowners and operators, with a suite of exhaust emissions testing services – including greenhouse gas monitoring, nitrous oxide testing, particulate matter measurements, and smoke opacity assessments. SGS’s testing helps vessels demonstrate compliance with evolving international and regional requirements while providing information to support broader sustainability and decarbonisation goals. SGS expands engine emissions services

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