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Published: 2019-01-25

Fincantieri cuts two €1.5b-worth in total deals with Norwegian Cruise Line Holdings

Shipping Fincantieri cuts two €1.5b-worth in total deals with Norwegian Cruise Line Holdings

Photo: Wikimedia Commons

The Miami-based company has entrusted the Italian shipbuilding group with the delivery of three brand-new cruise vessels.

The first €1.0b-big order comprises two ships for the Oceania Cruise brand. Each of the GT 67k-heavy units, the first in the new Allura class, will be able to take on-board up to 1.2k passengers. Once delivered in 2022 and 2025, the newbuildings will become Oceania Cruise's new flagships.

"We are excited to expand the Oceania Cruises fleet with our new Allura-Class ships to meet the strong demand for culinary- and destination-focused cruise vacations around the globe," Frank Del Rio, President and CEO, Norwegian Cruise Line Holdings, said.

He added, "This new class of ships will further elevate the already best-in-class guest experience at Oceania Cruises and meaningfully strengthen demand from both new and loyal returning guests, which will ultimately drive further returns for shareholders."

Giuseppe Bono, CEO, Fincantieri, also said, "This new successful project for Oceania Cruises is yet another demonstration of our ability to capitalize on product innovation and diversification to meet the needs of every type of customer, a capability that distinguishes us in the world. The order […] reiterates not only our first place in the luxury sector, but at the same time it further strengthens an unprecedented leadership in the cruise sector, with a backlog of 55 vessels to be built for most of the brands operating on this market, and deliveries extending all the way to 2027."

Next, the Regent Seven Seas Cruise brand will receive in 2023 an ultra-luxury cruise ship worth some €474m. The GT 54k-big vessel, offering room for up to 750 travellers, will be a sister ship of Seven Seas Explorer, which took to the sea in 2016, and Seven Seas Splendor, scheduled to be floated out in 2020.

"We are excited to build on the spectacular success of Seven Seas Explorer and Seven Seas Splendor as we embark on bringing to life a new vessel that will set even higher benchmarks for elegance, luxury and style. This new ship further strengthens our Company's robust yet measured growth profile with vessels now on order for all three of our award-winning brands [Fincantieri will deliver six cruisers of the Leonardo class to the Norwegian Cruise Line between 2022-2027], enabling us to expand our presence globally, further diversify our product offerings and continue to drive shareholder returns," Del Rio commented.

To this Bono added, "This agreement is the perfect seal of the work our Group has carried out over the years and the role we have gained on the market. We are able to enter and maintain a reference market presence in every niche, including the most unique and competitive as the ultra-luxury one, in which Regent Seven Seas Cruises operates. Quality is the ship owner's hallmark and it entrusted Fincantieri once again. Today we have 10 ships on order for Norwegian Cruise Line Holdings Ltd. in our order book, 5 of which have been secured in the last 5 months, for all the three brands in their portfolio: this result confirms the strength of the strategies we carried out, allowing us to reiterate our leadership in the sector at a global level."
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