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Norwegian Cruise Line Holdings Announces Order for Next Generation of Ships for Oceania Cruises -Allura-Class

c: Oceania

Norwegian Cruise Line Holdings Ltd. announced an order for the next generation of ships for Oceania Cruises.

The two Allura-Class ships mark the next phase of the line's OceaniaNEXT initiative and will be designed and built by Fincantieri S.p.A for delivery in 2022 and 2025.

The two 67,000 gross ton Allura-Class ships will each accommodate approximately 1,200 guests. This new class of mid-size cruise vessels will retain all the warmth, popular design elements, and signature amenities of the line’s award-winning Marina and Riviera while affording guests an elevated level of comfort and convenience with the addition of new luxury offerings.

“This new class of ships will represent an evolution of the Oceania Cruises experience with all of the elements our guests treasure – a warm, intimate, residential style; the most spacious standard staterooms afloat; amazing suites, and of course, the finest cuisine at sea,” said Bob Binder, president and chief executive officer of <org>Oceania Cruises.

“This new successful project for Oceania Cruises is yet another demonstration of our ability to capitalize on product innovation and diversification to meet the needs of every type of customer, a capability that distinguishes us in the world,” said Giuseppe Bono, CEO of Fincantieri. “The order we are announcing today, indeed, reiterates not only our first place in the luxury sector, but at the same time it further strengthens an unprecedented leadership in the cruise sector, with a backlog of 55 vessels to be built for most of the brands operating on this market, and deliveries extending all the way to 2027.”

The contract price for each of the two vessels is approximately €575 million per ship. The Company has obtained export credit financing with favorable terms to fund 80 percent of the contract price of each ship, subject to certain Italian government approvals.

According to UBS the Allura-class ships for Oceania Cruises cost about 30% more than the last newbuilds Marina (2011) and Riviera (2012). The New ships cost per berth is 546.000 US$ vs 412.000 US$

Norwegian Cruise Line Holdings (NCLH)has ten ships on order for delivery through 2027 including seven ships on order for Norwegian Cruise Line, two for Oceania Cruises and one for Regent Seven Seas Cruises. The Company will take delivery of its newest ship, Norwegian Encore, in fall 2019.