Markets
RCL

CDC Extends Cruise Line No-Sail Order Through Sept. 30

At 4 p.m. Thursday, just as trading closed on the stock market, the Centers for Disease Control and Prevention (CDC) announced that it has "extended the No Sail Order and Suspension of Further Embarkation" through Sept. 30.

This means, in essence, that no cruise line will be able to sail out of an American port before that date, unless either the Secretary of Health and Human Services declares that COVID-19 no longer constitutes a public health emergency, or the CDC Director otherwise rescinds or modifies the no-sail order based on specific public health or other considerations.

Collage showing a cruise ship, a man in a face mask and a virion.

Image source: Getty Images.

That's the bad news.

The good news is that the major cruise lines, via their industry association Cruise Lines International Association (CLIA), had already announced they would voluntarily extend their own suspension of cruise operations through Sept. 15, 2020.

Because CLIA guessed almost right, and had already extended its own suspension of operations to within two weeks of the date the CDC ultimately settled upon, cruise line stocks seem to be taking the news mostly in stride. As of 10:15 a.m. EDT Friday, shares of cruise stocks Carnival Corporation (NYSE: CCL)(NYSE: CUK) and Royal Caribbean (NYSE: RCL) are both down less than 1%, and Norwegian Cruise Lines (NYSE: NCLH) has been hit only a bit worse -- down 1.6%.

The CDC announced the first no-sail order on March 14, 2020, barring cruise lines from sailing out of American ports. One month later, the CDC extended the effect of this order through at least June 26, then July 24.

10 stocks we like better than Carnival
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Carnival wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

 

*Stock Advisor returns as of June 2, 2020

 

Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Carnival. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

RCL CCL CUK NCLH

Latest Markets Videos

    The Motley Fool

    Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

    Learn More