Fincantieri to build four newbuilds for Norwegian Cruise Line

Fincantieri to build four newbuilds for Norwegian Cruise Line
Norwegian Cruise Line Holding's Frank Del Rio said the new ships will continue the brand’s legacy of introducing innovation to the cruise industry

Italian shipbuilder Fincantieri has signed a deal to construct four new generation cruise ships for Norwegian Cruise Line, with an option for an additional two.

Each ship will cost €800 million and Fincantieri will deliver one per year between 2022 and 2025, stretching to 2027 if the cruise line takes up the option for another two. The 140,000gt vessels will be around 300 metres long and accommodate 3,300 guests.

“This new class of ships will continue the Norwegian Cruise Line brand’s legacy of introducing meaningful innovation to the cruise industry” said Frank Del Rio, President and CEO of Norwegian Cruise Line Holdings Ltd. “This order continues to highlight our disciplined newbuild programme, extends our growth trajectory well into the future, enhances our already attractive earnings profile and drives expected long-term returns for our shareholders.”

Fincantieri won the order after developing a prototype, which focused on optimising energy use at sea and reducing environmental impact.

“This outstanding result allows us to include a new prestigious client in our portfolio, which confirms Fincantieri’s ability to develop with a flexible approach leading-edge solutions for every segment and demand of the modern cruise industry,” said Giuseppe Bono, CEO of Fincantieri. “We are very proud of the project for these ships: we developed it internally and we presented it to the shipowner, which appreciated it so much to order an entire class.”

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Rebecca Gibson
By Rebecca Gibson
Thursday, February 16, 2017