The Carnival Triumph is being towed to a port in Mexico after an engine room fire knocked out the ship's power. Carnival could have to refund money to lots of disappointed customers. The company is also under investigation for possible violations, and could face a huge fine.
Market leader Carnival issued disappointing guidance during last week's quarterly report. Rival Royal Caribbean is running into obstacles in financing its next mega-ship. Norwegian Cruise Line wasn't in the news, but NCL hasn't been able to complete its IPO since calling it off last year.