Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), a leading global cruise company operating Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, announced that it has entered into an agreement with Fincantieri for the design and construction of three new cruise ships, further advancing the company’s long-term fleet development strategy across its brands.
The order includes one ship for each of the Company’s three award-winning brands-Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises-with one vessel to be built as a sister ship to Oceania Sonata, one as a sister ship to Seven Seas Prestige, and one as a sister ship to the previously announced Norwegian Cruise Line newbuilds order. All three ships will be built at Fincantieri’s shipyards in Italy and delivered between 2036 and 2037.
“Together with Fincantieri, a trusted partner for decades, we continue to advance a disciplined approach to fleet growth that builds on the strength of our brands, defines the future of cruising and elevates the guest experience for years to come,” said John W. Chidsey, President and Chief Executive Officer of NCLH. “This agreement secures access to valuable shipyard capacity through the end of 2037, supporting our long-term growth while maintaining financial discipline and driving sustainable shareholder value.”
This new ship order supports the Company’s long-term growth pipeline and competitive position with modest initial capital outlays, allowing it to remain focused on strengthening the balance sheet and reducing leverage. The agreement is not expected to have a material impact on near-term leverage or cashflow, as pre-delivery payment obligations are immaterial until the ship is delivered. Consistent with past practice, the Company expects to utilize Export Credit Agency financing to fund the majority of the vessels’ cost upon delivery.
Following this agreement, NCLH now has a total of 17 newbuilds on order; with Norwegian Cruise Line totaling eight newbuilds through 2037, five newbuilds for Oceania Cruises to be delivered through 2037 and four newbuilds to be delivered through 2036 for Regent Seven Seas Cruises. This newbuild pipeline supports an expected 4 percent compound annual growth rate (CAGR) from 2026 through 2037, consistent with the company’s measured approach to expanding its fleet while investing in next-generation ships.
John W. Chidsey, President and Chief Executive Officer of NCLH stated:
“Together with Fincantieri, a trusted partner for decades, we continue to advance a disciplined approach to fleet growth that builds on the strength of our brands, defines the future of cruising and elevates the guest experience for years to come. This agreement secures access to valuable shipyard capacity through the end of 2037, supporting our long-term growth while maintaining financial discipline and driving sustainable shareholder value.”