Coronavirus-hit Princess Cruises to suspend operations

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Princess Cruises, the operator of two ocean liners that suffered coronavirus outbreaks, said it is suspending all voyages for two months

- Princess Cruises, the operator of two ocean liners that were quarantined after they became hotbeds for coronavirus infections, said on Thursday it would suspend the voyages of all its 18 ships for two months.

Shares of parent Carnival Corp, which have already lost over half their value since the start of the year, tumbled a further 18%. Rivals Royal Caribbean Corp and Norwegian Cruise Line Holdings were also down. An initial round of testing found that 21 people, mostly crew, had been infected. At least one couple who took the cruise has sued the company, seeking over $1 million in damages for emotional trauma.

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