The company was founded in 2003 as Viajes Iberojet and renamed in 2007 and became a joint subsidiary of Carnival Corporation & plc and Orizonia Corporation, under the executive control of Costa Cruises Group, Carnival Corporation's European division. Ibero Cruises started with four ships; Grand Mistral, Grand Latino, and Grand Voyager provided by Orizonia, and Grand Celebration, provided by Carnival Cruises. An additional ship, the Grand Holiday, was transferred into the fleet in 2009 from Carnival.
It was announced in November 2014, that Costa Cruises would absorb Ibero Cruises in its entirety by the end of the year. The Grand Celebration would be transferred to the main fleet of Costa Crociere as the Costa Celebration. Also the Grand Holiday would be transferred to The British Cruise & Maritime Voyages as the Magellan.
|Ship||Class||Built||Entered Service for Iberocruceros||Tonnage||Flag||Notes||Image|
|Grand Latino||Royal Viking Star class||1973||2004-2005||21,891 GRT||Portugal||Now with Fred. Olsen Cruise Lines as Boudicca.|
|Grand Voyager||2000||2004-2011||24,427 GT||Portugal||Previously Olympic Voyager for Royal Olympic Cruises, In 2011 transferred to Costa Cruises as Costa Voyager. Sold to Bohai Ferry in 2014 as the Chinese Taishan.|
|Grand Mistral||Mistral class||1999||2003–2013||48,200 GT||Portugal||Previously Mistral for the failed Festival Cruises, Now with Costa Cruises as Costa neoRiviera.|
|Grand Celebration||Holiday class||1987||2008–2014||47,262 GT||Portugal||Previously Celebration for Carnival Cruise Lines. Transferred as the Costa Celebration to Costa Cruises in November 2014; December 2014 sold to Bahamas Paradise Cruise Line.|
|Grand Holiday||Holiday class||1985||2010–2014||46,052 GT||Portugal||Previously Holiday for Carnival Cruise Lines. She will join the Cruise & Maritime Voyages fleet in March 2015, as the Magellan.|
- "Iberocruceros". Cruise Critic. Retrieved January 17, 2014.
- "Grand Celebration to become Costa Celebration Later This Year". Cruise News. Cruise Industry News. 2014-05-09. Retrieved 2014-05-20.
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