Princess Cruises announced Thursday that it will voluntarily cancel all upcoming cruises for the next two months in the wake of the coronavirus pandemic. “By taking this bold action of voluntarily pausing the operations of our ships, it is our intention to reassure our loyal guests, team members and global stakeholders of our commitment to the health, safety and well-being of all who sail with us, as well as those who do business with us, and the countries and communities we visit around the world,” Princess Cruises president Jan Swartz said in a statement.

Princess is offering passengers the opportunity to transfer 100 percent of the money paid for their canceled cruise to a future cruise of their choice. The news comes as one of the Princess ships, the Grand Princess, was still docked in Oakland, California, with 300 passengers held at sea for five days after coronavirus was discovered among crew members and passengers.

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