The cruise line was a marketing failure and was dissolved in September 1994.[1] The Fiesta Marina was sold to Epirotiki Cruises to sail as the Olympic.[2][3][4] In 2007, the Carnival Corporation started a partnership with the Orizonia Corporación to launch a new cruise line called Iberocruceros, also marketed toward the Latin/Spanish-speaking population. The cruise line operated out of South America and Europe, independently from Carnival, but was managed by Costa Cruises. Iberocruceros was closed in 2014 and its ships transferred to Costa or elsewhere.
Renamed using the same Carnival Cruise Lines funnel livery. She was the former Carnival Cruise ship Carnivale. She was also previously known as the Empress of Britain, and the Queen Anna Maria. She later became the Olympic and The Topaz. She was sold for scrap in 2008.