Princess Cruises is a company that owns a cruise line with its headquarters in Santa Clarita, California. Earlier the company was a supplementary of P&O Princess Cruises, but now it belongs to the group of cruise ship brands that Carnival Corporation operates. The company was founded by Stanley McDonald back in the year 1965 and was fondly referred to as Princess Pat. Now the company owns many cruise ships and new ships are also being added to the fleet. The company has entered into a contract for building two new ships with Carnival Corporation, and these new ships are expected to start operating in the coming year.