NCLH inks order for 8 new ships across three brands

Two new ships confirmed for Regent Seven Seas Cruises and Oceania Cruises

Image not reflective of new ships

Norwegian Cruise Line Holdings Ltd. has unveiled the most comprehensive new-build order in its history — a total of eight state-of-the-art vessels. The next-generation ship order is across all three brands and are scheduled for delivery over a 10-year period, between 2026 and 2036.

In the luxury segment, Regent Seven Seas Cruises will add two new 77,000 gross-tonne ships with a capacity of 850 guests, in 2026 and 2029. As a comparison, Regent’s trio of Explorer Class ships – of which Seven Seas Grandeur was the newest addition in late 2023 – are 55,500 gross tonnes and have a capacity of 746 passengers.

In the upper premium segment, Oceania Cruises will welcome two new 86,000 gross-tonne ships in 2027 and 2029. These two new 1,450-passenger vessels build on the success of Oceania’s Allura Class ships, with Vista delivered in May 2023 and Allura scheduled for delivering in 2025. By comparison, the Allura Class ships are 67,000 gross tonnes and have a capacity of 1,200 passengers.

In the contemporary segment, Norwegian Cruise Line will add a further four, approximately 200,000 gross-tonne ships, each with a capacity of 5,000 guests, in 2030, 2032, 2034 and 2036. This new class of ship will build on the four Prima-Plus class ships that NCL expects to take delivery of between 2025 and 2028.

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In all, across the trio of cruise brands, NCLH will be adding a new class of ship and nearly 25,000 additional berths. Details regarding the ships’ amenities, staterooms, dining, recreational, efficiency, sustainability and other features will be announced in the coming months.

Additionally, NCLH will construct a multi-ship pier at Great Stirrup Cay, the Company’s private island destination in the Bahamas and its top-rated Caribbean port of call.

“This unprecedented decade-long strategy enhances its product offering, guest experiences, and operational infrastructure, supporting the Company’s sustained leadership in delivering innovative cruise vacations,” NCLH said in a statement.

Harry Sommer, President and CEO of Norwegian Cruise Line Holdings Ltd, said: “This strategic new-ship order across all three of our award-winning brands provides for the steady introduction of cutting-edge vessels into our fleet and solidifies our long-term growth.

“It also allows us to significantly leverage our operating scale, strengthen our commitment to innovation and enhance our ability to offer our guests new products and experiences, all while providing opportunities to enhance the efficiency of our fleet.”

“We are likewise excited with the addition of a new pier at Great Stirrup Cay to support our increased capacity in the Caribbean and multiple ships to call on the island, enhancing our guest experience and bringing seamless and reliable access to our private island year-round.”

In partnership with the Italian shipbuilder Fincantieri, each brand will design their new ship class and focus on creating the largest, most efficient, and innovative vessels of their respective fleet. Aligning with the Company’s sustainability efforts, the new ship designs are expected to advance the journey towards decarbonisation.

Pierroberto Folgiero, CEO and Managing Director at Fincantieri said: “Over the years, our long-standing relationship with Norwegian Cruise Line Holdings has been rooted in a shared vision for the future of maritime travel, consistently setting new standards for innovation, luxury, sustainability, and guest satisfaction in the cruise industry.”

“We are thrilled to work on these new build orders and deliver emblematic cruise ships that will embody our shared legacy of excellence for generations to come.”

Mark A. Kempa, CFO of Norwegian Cruise Line Holdings, commented, “We expect that these strategic investments will secure our growth trajectory, significantly boost our earnings profile, and enhance shareholder value well into the future.

“With a favourable payment structure that includes pre-delivery financing and modest initial instalment payments for these ship orders, we still anticipate strong Net Leverage reduction of 1.5 turns by the end of 2024, relative to 2023, and expect the Company to continue reducing Net Leverage each year for the foreseeable future.”

Lead image: Not reflective of the new ship designs. Used to represent the three NCLH brands only.

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