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Home Blue Economy & Finance Financial Sustainability

Carnival moves its jewel Costa Esmeralda to Tenerife from the Emirates due to the Middle East crisis

Raquel Molina Betancor by Raquel Molina Betancor
18 March 2026
in Financial Sustainability
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Costa Cruises confirmed this Wednesday to Canarymaritime that it has made a drastic restructuring of its deployment for the 2026-2027 season. The Italian shipping company, owned by the Carnival group, has decided to cancel all its operations in the Middle East due to the persistent geopolitical uncertainty in the region, designating the Canary Islands — and specifically its home port in Tenerife — as the recipient of its crown jewel: the Costa Smeralda.

The deployment of the company’s flagship is not just a change of route; it is a statement of confidence in the profitability and security of the Canary hub. After a record season in the islands, Costa is doubling down by positioning a giant powered by Liquefied Natural Gas (LNG) to cover seven-day itineraries between the Canary Islands and Madeira, which will mean a massive increase in passenger capacity for the ports in Tenerife.

Costa’s decision to abandon the United Arab Emirates responds to a domino effect that is impacting the entire industry. With the escalation of conflicts in adjacent areas, major cruise lines are prioritizing ‘refuge’ destinations with solid infrastructure. Tenerife, which has modernized its supply capabilities and port services, emerges as the net winner of this crisis of confidence in the Gulf.

The maneuver includes a complex fleet adjustment because Costa Smeralda takes center stage in the Canary Islands, absorbing not only the demand from the Atlantic winter but also passengers who originally booked on the Costa Pacifica, which after going into drydock will be relocated to the Western Mediterranean, abandoning its initial plans in the islands to cover routes to North Africa and Southern Europe.

The arrival of the Smeralda implies a high-level logistics. As a state-of-the-art vessel, its home port operations generate a direct economic impact much greater than that of transit calls. The flow of thousands of cruise passengers starting and ending their journey on the island boosts not only port fees but also pre- and post-cruise hotel occupancy and the air connectivity of Tenerife South Airport.

The company has confirmed that new itineraries will be available for booking by the end of this month of March. Furthermore, to mitigate the impact of the cancellations in the Middle East, Costa is offering incentives of up to 200 euros in onboard credit for customers who relocate their vacations to the Canary routes, ensuring high occupancy from the first day of the 2026 season.

This strategic shift by Costa Cruises confirms that the Canary Islands have ceased to be an alternative destination and have become the stability pillar of European cruise lines. While other regions suffer from political volatility, Tenerife consolidates its position as the winter cruise capital, offering major operators what they value most in the current global scenario: operational predictability and resilient consumer demand.

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Raquel Molina Betancor

Raquel Molina Betancor

Raquel Molina Betancor is a veteran investigative journalist whose career has been defined by rigor, patience, and in-depth reporting on power structures, corruption, and institutional transparency. She trained in street reporting and court journalism and has collaborated with outlets such as Público, where she produced investigations and analytical pieces grounded in documentation, verified sources, and long-term judicial follow-up. A firm believer in journalism as a craft rather than a spectacle, her work focuses on exposing opaque administrative dynamics and telling uncomfortable stories with facts, context, and a healthy dose of well-aimed grit.

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