New Ships for Oceania Cruises

Written January 11th, 2019 | Leave a Comment

Norwegian Cruise Line Holdings today announced an order for the next generation of ships for Oceania Cruises.

The two Allura-Class ships mark the next phase of the line’s OceaniaNEXT initiative and will be designed and built by Fincantieri S.p.A. for delivery in 2022 and 2025, the company announced.

“We are excited to expand the Oceania Cruises fleet with our new Allura-Class ships to meet the strong demand for upscale culinary- and destination-focused cruise vacations around the globe,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “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.”

The two 67,000 gross ton Allura-Class ships will each accommodate approximately 1,200 guests.

“This new class of ships will represent an evolution of the Oceania Cruises experience with all of the elements our guests treasure – a warm, intimate, residential style; the most spacious standard staterooms afloat; amazing suites, and of course, the finest cuisine at sea,” said Bob Binder, president and chief executive officer of Oceania Cruises.

“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,” said Giuseppe Bono, CEO of Fincantieri. “The order we are announcing today, indeed, 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.”

The contract price for each of the two vessels is approximately €575 million per ship. The company has obtained export credit financing with favorable terms to fund 80 percent of the contract price of each ship, subject to certain Italian government approvals.

With today’s announcement, Norwegian Cruise Line Holdings has ten ships on order for delivery through 2027 including seven ships on order for Norwegian Cruise Line, two for Oceania Cruises and one for Regent Seven Seas Cruises. The company will take delivery of its newest ship, Norwegian Encore, in fall 2019.New Ships for Oceania Cruises

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