Norwegian Cruise Line and Fincantieri signed a deal Tuesday for six new ships, the largest order in their history. This is another indication of how cruise lines are adapting to today’s business climate as they continue to explore opportunities at sea.

Norwegian Cruise Line and Fincantieri have signed a deal for six new ships worth $4 billion. The new ships will be built at the Fincantieri shipyard in Italy. Read more in detail here: norwegian cruise line news.

Norwegian Cruise Line and Fincantieri Linked to $4 Billion Deal for Six New Ships

Fincantieri, an Italian shipyard, and Norwegian Cruise Line Holdings, a Miami-based cruise business, have been connected to a $4 billion agreement to supply six new cruise ships. Fincantieri is already working on the new Prima-Class of ships, for which NCLH has placed an order for six.

Fincantieri Secures Yet Another Major Contract

Fincantieri, together with Meyer Werft in Germany and Chantiers de l’Atlantique in France, is one of the world’s largest cruise shipbuilders. The business plans to construct 29 cruise ships between now and 2026, with six ships scheduled to be delivered this year. 

Fincantieri will also deliver the six cruise ships presently on order for Norwegian Cruise Line Holdings’ cruise brand Norwegian Cruise Line. The first of them, the Norwegian Prima, will be delivered this summer, and the second, the Norwegian Viva, will arrive in 2023.

Norwegian Prima Cruise Ship at ShipyardNorwegian Cruise Line provided this image.

Giuseppe Bono, the long-serving CEO of Fincantieri, met with NCL CEO Frank Del Rio earlier this month. According to Reuters, Del Rio and Bono have reached an agreement on conditions for another six cruise ships for four billion dollars. 

The transaction would be Giuseppe Bono’s last with Fincantieri, since he announced his departure earlier this month. Despite the fact that Bono’s contract has been extended without problem for the last two decades, the Italian government has decided not to renew his mandate owing to his age. 

Pierroberto Folgiero has been suggested as the next CEO by Italian state lender Cassa Depositi e Prestiti (CDP), which controls 71.3 percent of the company. Folgiero is the current CEO of Maire Tecnimont, an Italian engineering firm. 

Will the NCLH Adopt New Technology?

Out of Carnival Corporation, Royal Caribbean, MSC Cruises, and Norwegian Cruise Line Holdings, Norwegian Cruise Line Holdings is the only cruise line that does not operate or has LNG-powered cruise ships on order.

Many people believe that the propulsion system is the way ahead for the cruise industry as it strives to achieve its carbon-neutral targets by 2050.

Norwegian Cruise Line Ship Funnelackats / / ackats / / ackats / Shutterstock

Frank Del Rio and NCLH have most likely opted to install the systems aboard the six ships on the new ship order. It remains to be seen if this is the case, and it will most likely be confirmed shortly, probably during a conference call Norwegian has arranged for May 10. 

Norwegian Cruise Line Holdings has ordered six more cruise ships, bringing the total number of ships on order for its three cruise brands, Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas, to 15.

Also see: Norwegian Cruise Line Announces Financial Update

Despite the fact that Fincantieri has only constructed four of NCLH’s 28 operating cruise ships, the business has nine additional ships on order for delivery this year and every year afterwards until 2027. 

This comprises six ships for Norwegian Cruise Brand, two for Oceania Cruises, and one for Regent Seven Seas, the company’s ultra-luxury cruise line.

Norwegian Cruise Ship Construction

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