Norwegian Cruise Line place order for next generation ships with Fincantieri

Norwegian Cruise Line place order for next generation ships with Fincantieri

Norwegian Cruise Line has announced it has reached an agreement with Fincantieri to construct the next generation of ships for the brand.

Four ships are on order for delivery in 2022, 2023, 2024 and 2025, with an option for two additional ships to be delivered in 2026 and 2027. 

The four 140,000 gross ton ships will each accommodate approximately 3,300 guests.

The new class of ships will build upon the highly successful offering of freedom and flexibility found on the brand’s most recent Breakaway-Plus Class ships and feature a host of innovative designs that will further elevate its already award-winning guest experience.

A priority of the prototype design is energy efficiency, with the aim of optimising fuel consumption and reducing the impact on the environment.

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Details on the ships’ many innovative guest-facing and first-at-sea features will be announced at a later date.

“This new class of ships will continue Norwegian Cruise Line brand’s legacy of introducing meaningful innovation to the cruise industry,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings.

“This order continues to highlight our disciplined new build program, extends our growth trajectory well into the future, enhances our already attractive earnings profile, and drives expected long-term returns for our shareholders.”

The contract price for each of the four vessels is approximately €800 million per ship.

The company has obtained export credit financing with favourable terms to fund 80 per cent of the contract price of each ship delivered through 2025, subject to certain conditions.

“We are extremely excited to collaborate with Norwegian Cruise Line and this partnership allows us to include a new prestigious client in Fincantieri’s portfolio,” said Giuseppe Bono, chief executive, Fincantieri.

“We are very proud of the innovative design of these ships and recognize the various stakeholders of the export chain who have contributed decisively to achieving this goal.

“The significant value of the order will provide substantial economic benefits by extending the employment horizon of our shipyards, and we are honoured to support the growth of our country’s economy.”