Business Wars Business Wars

ENCORE: Cruise Ship Wars | Making Waves | 2

Jul 2, 2026 · 45m

Summary

This episode details Carnival Cruise Line’s turbulent early years under Ted Arison, from a disastrous maiden voyage to adopting the "Fun Ship" strategy. It covers the industry boom sparked by *The Love Boat*, aggressive expansion by rivals Norwegian and Royal Caribbean, and Mickey Arison’s ruthless handling of a 1981 crew strike. The story concludes with the Arisons deciding to take Carnival public to fuel their ambition of becoming the world’s largest cruise line.

Topics discussed

Carnival's disastrous maiden voyage and grounding Podcast sponsorships and ads Rise of Norwegian and Royal Caribbean cruise lines Ted Arison scrambles to pay for fuel in Puerto Rico Carnival's cost-cutting measures and rat infestations Rebranding Carnival as 'The Fun Ship' Ricklis sells Carnival to Arison for one dollar The Love Boat TV show boosts cruise industry popularity Podcast sponsorships and ads Carnival's growth and announcement of the Tropicale Norwegian Cruise Line buys the SS France Royal Caribbean's internal struggles and restructuring Carnival crew strike and Mickey Arison's response Carnival's expansion and decision to go public Episode credits and production notes
Listen ad-free on Castria