Where Do Old Cruise Ships Go to Die?
On a recent four-night cruise to the Bahamas on the 2,758-passenger Carnival Victory, a lively crowd was downing neon drinks at an equally fluorescent bar in the ship’s multi-story atrium. The casino was packed and smoky. This was old-school cruising, and everyone was loving it.
Most ships have an official lifespan of 30 years, the amount of time it takes for the asset to depreciate to 15 percent of its original book value. By that measure, the 18-year-old Carnival Victory has passed the theoretical prime of her life.
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Fernande Dalal
Update: 2024-07-16