Norwegian Cruise Line Holdings Orders 8 New Ships for 3 Brands from Fincantieri

Table Of Content

• World-renowned Cruise Brands
• Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results
• Norwegian Cruise Line Holdings Set Q1 Earnings Date
• Oceania Cruises Appoints Chef Alexis Quaretti and Chef Eric Barale as Executive Culinary Directors
• Norwegian Cruise Line Holdings Orders 8 New Ships for 3 Brands from Fincantieri
• Berths

The new pier will be constructed to simultaneously accommodate two large vessels of the Company's current and future ship classes. The pier development will enhance the guest experience on Great Stirrup Cay, and along with Harvest Caye, the Company's private island in Belize, continue to provide guests with world-class destinations in the Eastern and Western Caribbean. The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036.

World-renowned Cruise Brands

Experience a once-in-a-lifetime moment you will never forget while witnessing the icy-blue glaciers and unique wildlife of Alaska. Walk through Greece's enchanting, sun-bleached streets, or find your own paradise in a secret beach in The Caribbean. Our award-winning ships are designed for you to enjoy as you choose while cruising to the most beautiful destinations around the world. “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,” said President and CEO Harry Sommer. The strategy is expected to boost Norwegian Cruise’s product offering, guest experiences, and operational infrastructure.

Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results

Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.55 in profit. Our decades of experience as a cruising operator have allowed us to fine-tune our many competitive advantages to position us as a strong leader in our industry. We continue to expand on our environmental, social and governance efforts and our global sustainability program, “Sail & Sustain”.

Norwegian Cruise Line Holdings Set Q1 Earnings Date

Two ships in this Epic class were ordered by NCL in November 2006, with an option for a third vessel that was not exercised. Plan includes next generation vessels for Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises to be built by Fincantieri, along with infrastructure enhancements for Great Stirrup Cay, all while continuing its disciplined multi-year de-leveraging plan. We are deeply committed to driving a positive impact on society and the environment while delivering on our vision to be the vacation of choice for everyone around the world through our global sustainability program, Sail & Sustain. Our leadership team is comprised of diverse and accomplished executives with strong entrepreneurial spirits coupled with decades of experience in cruise, travel, leisure and hospitality-related industries. Regent Seven Seas Cruises offers an unrivaled experience to luxury travelers with all luxuries included. Oceania Cruises is the world’s leading culinary- and destination-focused cruise line.

Oceania Cruises Appoints Chef Alexis Quaretti and Chef Eric Barale as Executive Culinary Directors

The 1990s also marked a series of other firsts including the first WiFi capabilities on a cruise ship and later cell phone service fleetwide even while ships were at sea. [1]  Norwegian Cruise Line Holdings Ltd. expects a four-ship Norwegian Cruise Line (NCL) order to replace a separate, effective, two-ship order for Oceania Cruises initially placed to secure availability with the shipyard. The four-ship order for NCL is still being finalized and is subject to financing. Delivery for the second Oceania Cruises ship is contractually scheduled for the fourth quarter of 2028, but may be delayed to 2029. After the delivery of four Prima-Plus class ships from 2025 through 2028, the cruise operator is expected to take delivery of four approximately 200,000-gross-ton ships, each with a capacity of nearly 5,000 guests, in 2030, 2032, 2034, and 2036. We remain committed to being a responsible corporate citizen by fostering a culture of awareness and respect for our world’s resources.

First Quarter 2024 Financial Results Conference Call

The cruise line was founded in 1966 by Norwegian Knut Kloster and Israeli Ted Arison, with the 8,666-ton, 140 m long cruise ship/car ferry, Sunward,[4] which in 1966 operated as a car ferry between Southampton UK and Gibraltar, for that one short season only. The Sunward was first managed under the Arison Shipping Company, and marketed as Ensign Cruises.[5] Arison soon left to form Carnival Cruise Lines, while Kloster acquired additional ships for Caribbean service, with the line renamed and marketed as Norwegian Caribbean Lines. 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 decarbonization. Find your place in the world at any of the hundreds of positions on board our fleet of ships to some of the world's best destinations. From our newest ships, like Norwegian Encore and Norwegian Bliss, to vessels that have been updated from bow to stern and beyond, our guests are provided with the best on board experience.

Norwegian Cruise Line Holdings Orders 8 New Ships for 3 Brands from Fincantieri

Norwegian was responsible for many of the cruise innovations that have now become standard throughout the industry. The first purpose-built Freestyle Cruising® ship was built in 2001 and due to the company’s unique capability to deliver this product offering and its tremendous success, all newbuilds since have been purpose-built for Freestyle Cruising®. NCL’s journey began in 1966 as Norwegian Caribbean Lines, the first cruise line to offer weekly departures to the Caribbean. The Company then began launching its fleet of sleek, white ships making regular calls to exotic island ports. The health and safety of our guests, crew and communities we visit is our number one priority. Our SailSAFETM health and safety program further enhances our rigorous health and safety protocols to include multiple layers of protection against COVID-19.

Berths

Norwegian Cruise orders eight new ships, biggest order in its history - Reuters

Norwegian Cruise orders eight new ships, biggest order in its history.

Posted: Mon, 08 Apr 2024 07:00:00 GMT [source]

Premium cuts of steak will welcome you on The Waterfront at Cagney’s Steakhouse. In January 2013, we completed our initial public offering and listed on the NASDAQ stock exchange, trading under the ticker symbol “NCLH”. We sold 27.1 million shares for net proceeds of approximately $477.64 million.

In 1977, the company purchased Great Stirrup Cay, becoming the first cruise line to offer a private “out island” experience. The Regent Experience has long been absolute in its inclusiveness, providing the most enriching and luxurious journey on the seven seas. With Regent, guests discover a truly unrivaled experience as they travel the world in search of the best life has to offer, with every luxury included. 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. Over the next decade this will not only give NCLH the biggest growth story within the cruise industry but will also allow them to continue entering new markets with minimal cannibalization to their fleet, the analyst noted. MIAMI , Feb. 15, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that the premiere issue of their brand new Your World magazine ...

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Harry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. We have exciting land-based opportunities at our corporate offices in Miami, Florida.

With a variety of superb restaurants and no set dining times, you can enjoy our wide selection of up to 28 specialty and complimentary dining options on your schedule. A three-course meal awaits you however, whenever, and with whoever you want at our three main dining rooms. Starbucks® cafes and kiosks are now available fleetwide so you can start your day in your favorite way.

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. “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. The new pier development at the Company's private island in the Bahamas, Great Stirrup Cay, is slated to break ground in summer 2024 and be completed by late 2025 with an investment of approximately $150 million.