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Norwegian in four plus two 140,000 gross ton ship contract with Fincantieri

Fincantieri, the Italian shipbuilder, said it has been awarded an order from Norwegian Cruise Line Holdings Ltd. (NCLH) for the construction of four new generation cruise ships with an option for additional two, for its Norwegian Cruise Line contemporary market brand.

“The value of each ship is approximately €800 million, with one delivery per year from 2022 to 2025, stretching to 2027 in case of confirmation of the option,” Fincantieri said in a statement.

Cassa Depositi e Prestiti (CDP) and Sace, together with a pool of export credit lenders, have played a crucial role for the success of the order and the ship owner’s decision, giving Fincantieri the chance to offer an appealing technical, commercial and financial package, still subject to some conditions.

These ships will form the backbone of the future Norwegian fleet, being about 140,000 gross tons, almost 300 meters long, and accommodating 3,300 guests. The order is based on a prototype project developed by Fincantieri, which enhances the consolidated features of Norwegian’s signature offering of freedom and flexibility, qualified by an innovative configuration for an enhanced passenger experience.

In addition, focus was set on energy efficiency, with the twofold aim of optimizing consumption at sea and reducing environmental impact, compliant with all the most recent regulations on this matter.

“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 CEO of Norwegian Cruise Line Holdings Ltd. “This order continues to highlight our disciplined newbuild program, extends our growth trajectory well into the future, enhances our already attractive earnings profile and drives expected long-term returns for our shareholders”.

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