Carnival Corp. Acquires Port, Railroad and Retail Operations in Alaska

Carnival Corporation & plc has announced some major acquisitions in Alaska.

Its Holland America Princess Alaska Tours subsidiary will purchase TWC Enterprises Limited’s White Pass & Yukon Route (WP&YR) division. Division assets include the White Pass port, railroad and retail operations in Skagway, Alaska. The transaction is set to close on July 31, 2018, subject to customary closing conditions.

Plans also call for a joint venture making Ketchikan-based Survey Point Holdings managing partner of the newly-acquired assets.

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The joint venture contemplates future investments that will bring economic development and job growth to the Skagway region. Expansion of docking facilities to accommodate the newest generation of ships is a key goal.

Survey Point and its subsidiaries, Cruise Line Agencies of Alaska, Amak Towing, and Southeast Stevedoring, have more than four decades of Skagway operations experience.

“As the gateway to the legendary Klondike Gold Rush region, Skagway is beloved by our guests and crew for its warm hospitality and distinctively Alaskan array of sightseeing and recreational activities,” said Stein Kruse, group CEO of Carnival Corporation & plc’s Holland America Group and Carnival UK. “We are delighted that the Skagway port will continue to be locally owned and independently operated by an Alaskan company. Along with Survey Point, we have a long and valued history in Alaska, and remain very committed to the continued development and success of the entire region as one our most popular destinations.”