As of early 2026, Carnival Cruise Line operates a fleet of 27 ships, following a period of significant expansion and modernization. This number includes the "Excel-class" mega-ships like the Carnival Celebration, Mardi Gras, and the Carnival Jubilee, which are powered by Liquefied Natural Gas (LNG). The fleet has also grown through the "Costa by Carnival" initiative, which saw ships like the Carnival Venezia and Carnival Firenze transferred from its sister brand, Costa Cruises, to bring a "Fun Italian Style" to the American market. Carnival continues to be one of the largest cruise brands in the world, positioned as a leader in "contemporary" cruising with a focus on family-friendly entertainment and short-to-medium length itineraries. While the parent company, Carnival Corporation & plc, owns over 90 ships across nine global brands, the specific "Fun Ship" fleet remains concentrated around these 27 vessels serving major homeports in the U.S. and Australia.