Rio de Janeiro's world-famous carnival parades became the latest casualty of the coronavirus pandemic on Thursday as officials announced they were indefinitely postponing the February 2021 edition, with Brazil still reeling from COVID-19.
Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line Holdings are burning through over US$1 billion per month without revenue-generating cruises in service.
Sao Paulo, the biggest city in South America, postponed its 2021 Carnival celebrations on the same day that Formula One scrapped its next planned race here, underlying the enduring effects policymakers expect the coronavirus pandemic to have on Brazil.
Carnival Corp's troubled Ruby Princess cruise liner, the biggest single source of coronavirus infections in Australia, docked south of Sydney on Monday to get help for sick crew members requiring urgent medical treatment.
The novel coronavirus is becoming a financial and public-relations nightmare for the cruise industry, from failed quarantine attempts on ships to passenger lawsuits and a stream of cancellations.
A cruise ship that is operated by Carnival-owned P&O Cruises, based in the UK is back in Tenerife after having suffered a loss of propulsion and remained adrift until towed to port.
Latin American stocks hovered near 2019 lows on Wednesday led by steep losses in Argentina and Brazil which resumed trading after a two-day Carnival holiday, while currencies of oil exporters in the region fell as crude prices came under pressure. MSCI's index of Latin American stocks fell 1.3%, tracking losses across the region, barring Chile and Colombia which ended higher.
Brazil's President Jair Bolsonaro has provoked controversy by posting an obscene video of two revelers at Carnival, saying he wanted to reveal the truth about the festival. The clip posted on Twitter shows two men engaging in sex acts on top of a taxi shelter during a street party.
The Italian brand of Carnival Corporation & plc, this week officially took delivery of Costa Venezia, its first ship designed specifically to offer the best of Italy to the Chinese market. Costa Venezia is part of an expansion plan that includes a total of seven ships being delivered to the Costa Group by 2023.
Traditional summer carnivals in the eastern Cuban cities of Bayamo and Manzanillo have been suspended due to an outbreak of cholera in the region, authorities said on Wednesday.