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Carnival Corporation & plc has signed one of its largest passenger terminal use agreements today with the Broward County Board of County Commissioners, committing that 25.5 million cruise guests will sail to and from Port Everglades over the next 15 years.

The agreement between the world's largest cruise company and Broward County will potentially produce half-a-billion dollars in port revenue. Carnival is also set to continue purchasing regular volumes of marine fuel at the Florida port until at least 2025.

"This is a landmark agreement that will give back to the people of South Florida repeatedly over the next 15 years," said Broward County Mayor Ken Keechl. "This agreement with Carnival is a positive sign for the cruise industry and for our local economic recovery."

The agreement calls for an average of 1.7 million passengers embarking and debarking annually from a combination of most Carnival-brand cruise ships, including Princess Cruises, Holland America Line, Carnival Cruise Lines, P&O Cruises, Cunard Line, and the Yachts of Seabourn, which already sail to and from Port Everglades.

The new agreement is effective October 1, 2010, and replaces the company's previous 10-year agreement with the port.

In return for this new long-term agreement, the port has committed to making significant improvements to four existing cruise terminals at Port Everglades to accommodate Carnival's fleet of world-leading cruise ships. To expedite the terminal improvements, the Broward County Commission also approved amending the port's current agreement with architectural firm Bermello Ajamil & Partners for design services, and began the process to select a construction manager to complete the improvements.

"We are delighted to continue our long-standing partnership with Port Everglades and Broward County," said Howard Frank, vice chairman and COO of Carnival Corporation & plc. "Our multiple cruise brands that utilize Port Everglades greatly value the convenience and consumer appeal of basing ships there. We also look forward to the planned renovations to the terminal facilities."

Carnival Corporation & plc is the largest cruise vacation group in the world, with a portfolio of cruise brands in North America, Europe and Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, The Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line, Ibero Cruises, Ocean Village, P&O Cruises and P&O Cruises Australia.

Together, these brands operate 95 ships totaling more than 185,000 lower berths with 11 new ships scheduled to be delivered between March 2010 and May 2012. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.

Port Everglades is already one of the busiest cruise ports in the world with more than 3.4 million passengers expected during 2010 and more homeported cruise ships than any cruise port worldwide.

Fifteen cruise lines and nearly 50 cruise ships are sailing from the South Florida seaport this season including: Carnival Cruise Lines, Celebrity Cruises, Costa Cruise Lines, Cunard Line, Discovery Cruises, Hapag-Lloyd Cruises, Holland America Line, MSC Cruises, P&O Cruises, Princess Cruises, Regent Seven Seas Cruises, Royal Caribbean International, Seabourn Cruise Line, and Silversea Cruises.