Norwegian Cruise Line Slated to Receive Four Fuel Efficient Newbuilds

Friday February 17, 2017

Norwegian Cruise Line Holdings Ltd. (NCLH) Thursday announced that it has reached an agreement with Fincantieri S.p.A. (Fincantieri) for the construction of four fuel efficient next generation newbuild ships for its brand Norwegian Cruise Line (NCL) brand. 

"A priority of the prototype design is energy efficiency, with the aim of optimising fuel consumption and reducing the impact on the environment," said NCLH.

The four 140,000 GT ships are said to be on order for delivery in 2022, 2023, 2024, and 2025, with an option for two additional ships to be delivered in 2026 and 2027.

Each of the four vessels holds a contract price of approximately €800 million ($853.64 million) per ship.

"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 NCLH.

"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."

In December, Ship & Bunker reported that NCL had completed the installation of a new exhaust gas scrubber systems on two of its vessels, Norwegian Pearl and Norwegian Gem.