Norwegian Orders Four Ships from Fincantieri

Posted by Eric Haun

Norwegian Cruise Line Holdings Ltd. said it has reached an
agreement with Fincantieri S.p.A. to construct the next
generation of ships for its Norwegian Cruise Line brand, ordering
four 140,000 gross ton ships for delivery in 2022, 2023, 2024 and
2025, with an option for two additional ships to be delivered in
2026 and 2027.

The four ships, priced at approximately €800 million per unit,
will each accommodate approximately 3,300 guests. The new vessels
will build upon the brand's most recent Breakaway-Plus Class
ships built at Meyer Werft. A priority of the prototype design is
energy efficiency, with the aim of optimizing fuel consumption
and reducing the impact on the environment.

Norwegian said it has obtained export credit financing to fund 80
percent of the contract price of each ship delivered through
2025, subject to certain conditions.

Frank Del Rio, president and chief executive officer of Norwegian
Cruise Line Holdings Ltd., said, "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."

Giuseppe Bono, CEO of Fincantieri S.p.A., said, "We are very
proud of the innovative design of these ships and recognize the
various stakeholders of the export chain who have contributed
decisively to achieving this goal. The significant value of the
order will provide substantial economic benefits by extending the
employment horizon of our shipyards, and we are honored to
support the growth of our country's economy."

Feb 17, 2017

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