Disney Cruise Line is an American cruise line company owned and operated by Walt Disney Parks and Resorts, a division of The Walt Disney Company and is headquartered in Celebration, Florida. The business is run by President Karl Holz. Disney Cruise Line operates the Disney Cruise Line Terminal, which homeports the Disney Dream and the Disney Fantasy. The Disney Magic is homeported in New York City and Galveston, while the Disney Wonder is homeported in Los Angeles, Seattle, Vancouver, and Miami, Florida. In 2012, it is estimated Disney Cruise Lines will own nearly 3% share of the worldwide cruise market. Disney Cruise Line was created in 1995 when the company commissioned its two ships at Fincantieri in Italy, ending an arrangement with Premier Cruise Line for the maritime segment of its vacation packages. Disney had contracted Premier Cruise Line to provide cruise vacations in the 1980s, also sailing from Port Canaveral.