Carnival Spending $300 Million to Upgrade Ships

Carnival has launched an "enhancement program" that will total hundreds of millions of dollars. The investments will be directed at boosting the safety of its ships and include modifications that the company says will "enhance emergency power capabilities, introduce new fire safety technology, and improve the level of operating redundancies" throughout Carnival's 24-strong fleet.

The firm will also establish a safety and reliability review board, a five-member body of outside experts that will monitor those aspects of the company's operations.

The initiative comes barely two months after one of Carnival's ships, the Triumph, went adrift in the Gulf of Mexico following an engine fire.

The article Carnival Spending $300 Million to Upgrade Ships originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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