Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) (together with
NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian”
or the “Company”) today announced it has reached an agreement with
Fincantieri S.p.A. to construct the next generation of
extraordinary ships for its Norwegian Cruise Line brand. Four
ships are on order for delivery in 2022, 2023, 2024 and 2025, with
an option for two additional ships to be delivered in 2026 and
2027.
The four 140,000 gross ton ships will each
accommodate approximately 3,300 guests. The new class of
ships will build upon the highly successful offering of freedom and
flexibility found on the brand’s most recent Breakaway-Plus Class
ships and feature a host of innovative designs that will further
elevate its already award-winning guest experience. A
priority of the prototype design is energy efficiency, with the aim
of optimizing fuel consumption and reducing the impact on the
environment. Details on the ships’ many innovative guest
facing and first at sea features will be announced at a later
date.
“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 chief
executive officer of Norwegian Cruise Line Holdings Ltd.
“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.”
“For the past 50 years, Norwegian Cruise Line has been focused
on offering our guests the very best in cruising,” said Andy
Stuart, president and chief executive officer of Norwegian Cruise
Line. “It is with great excitement that we look ahead to our
next 50 years, which includes this next generation of ships that
will offer guests the innovative experiences that have come to
define the Norwegian Cruise Line brand.”
“We are extremely excited to collaborate with
Norwegian Cruise Line and this partnership allows us to include a
new prestigious client in Fincantieri’s portfolio,” said Giuseppe
Bono, CEO of Fincantieri S.p.A. “We are very proud of the
innovative design of these ships and recognize the various
stakeholders of the export chain who have contributed decisively to
achieving this goal. The significant value of the order will
provide substantial economic benefits by extending the employment
horizon of our shipyards, and we are honored to support the growth
of our country’s economy.”
The contract price for each of the four vessels
is approximately €800 million per ship. The Company has
obtained export credit financing with favorable terms to fund 80
percent of the contract price of each ship delivered through 2025,
subject to certain conditions.
About Norwegian Cruise Line Holdings
Ltd.
Norwegian Cruise Line Holdings Ltd.
(Nasdaq:NCLH) is a leading global cruise company which operates the
Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas
Cruises brands.
With a combined fleet of 24 ships with
approximately 46,500 berths, these brands offer itineraries to more
than 510 destinations worldwide. The Company will introduce eight
additional ships through 2025, and has the option to introduce two
additional ships for delivery in 2026 and 2027.
Norwegian Cruise Line is an innovator in cruise
travel with a 50-year history of breaking the boundaries of
traditional cruising, most notably with the introduction of
"Freestyle Cruising," which revolutionized the industry by giving
guests more freedom and flexibility to design their ideal cruise
vacation on their schedule. Today, Norwegian invites guests to
enjoy a relaxed, resort style cruise vacation on some of the newest
and most contemporary ships at sea with a wide variety of
accommodation options, including The Haven by NorwegianTM, a luxury
enclave with suites, private pools and dining, concierge service
and personal butlers. Oceania Cruises offers an unrivaled vacation
experience renowned for the finest cuisine at sea and
destination-rich itineraries that span the globe. Expertly crafted
voyages aboard designer-inspired, intimate ships call on ports
across Europe, Asia, Africa, Australia, New Zealand, the South
Pacific and the Americas. Celebrating its 25th anniversary in 2017,
Regent Seven Seas Cruises offers the industry’s most inclusive
luxury experience aboard its all-suite fleet. A voyage with Regent
Seven Seas Cruises includes round-trip air, highly personalized
service, exquisite cuisine, fine wines and spirits, unlimited
internet access, sightseeing excursions in every port, gratuities,
ground transfers, a pre-cruise hotel package for guests staying in
concierge-level suites and higher and beginning in summer 2017,
business class air will be provided for all roundtrip air
originating from the U.S. and Canada.
About Norwegian Cruise Line
Norwegian Cruise Line is the innovator in cruise
travel with a 50-year history of breaking the boundaries of
traditional cruising. Most notably, Norwegian revolutionized
the cruise industry by offering guests the freedom and flexibility
to design their ideal cruise vacation on their schedule. Today,
Norwegian invites guests to “Feel Free” to explore the world on one
of 14 purpose-built ships, providing guests the opportunity to
enjoy a relaxed, resort style cruise vacation on some of the newest
and most contemporary ships at sea.
Recently, the line was named “Europe’s Leading
Cruise Line” for the ninth consecutive year, as well as
“Caribbean’s Leading Cruise Line” for the third time and “World’s
Leading Large Ship Cruise Line” for the fifth straight year by the
World Travel Awards.
For further information on Norwegian Cruise Line
visit www.ncl.com; contact us in the U.S. and Canada at
888-NCL-CRUISE (625-2784); or follow us on the following social
channels for the latest company news & exclusive content:
Facebook, Instagram and Youtube: @NorwegianCruiseLine; Twitter,
Periscope and Snapchat: @CruiseNorwegian; and WeChat: @gonclcn.
High resolution, downloadable images are available at
www.ncl.com/media-center.
About Fincantieri S.p.A.
Fincantieri is one of the world’s largest
shipbuilding groups and number one by diversification and
innovation. It is leader in cruise ship design and construction and
a reference player in all high-tech shipbuilding industry’s
sectors, from naval to offshore vessels, from high-complexity
special vessels and ferries to mega-yachts, ship repairs and
conversions, systems and components production and after-sales
services.
Headquartered in Trieste (Italy), the Group has
built more than 7,000 vessels in over 230 years of maritime
history. With almost 19,000 employees, of whom more than 7,800 in
Italy, 20 shipyards in 4 continents, today Fincantieri is the
leading Western shipbuilder. It has among its clients the major
cruise operators, the Italian and the U.S. Navy, in addition to
several foreign navies, and it is partner of some of the main
European defense companies within supranational
programmes.www.fincantieri.com
Cautionary Statement Concerning Forward-Looking
Statements Certain statements in this release constitute
forward-looking statements within the meaning of the U.S. federal
securities laws intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical
facts contained in this release, including, without limitation,
those regarding details and expectations for our newbuild program
and expected financing, our business strategy, financial position,
plans, prospects and objectives of management for future operations
(including development plans and objectives relating to our
activities), are forward-looking statements. Many, but not all, of
these statements can be found by looking for words like "expect,"
"anticipate," "goal," "project," "plan," "believe," "seek," "will,"
"may," "forecast," "estimate," "intend," "future," and similar
words. Forward-looking statements do not guarantee future
performance and may involve risks, uncertainties and other factors
which could cause our actual results, performance or achievements
to differ materially from the future results, performance or
achievements expressed or implied in those forward-looking
statements. Examples of these risks, uncertainties and other
factors include, but are not limited to the impact of: adverse
general economic and related factors, such as fluctuating or
increasing levels of unemployment, underemployment and the
volatility of fuel prices, declines in the securities and real
estate markets, and perceptions of these conditions that decrease
the level of disposable income of consumers or consumer confidence;
the risks and increased costs associated with operating
internationally; an impairment of our tradenames or goodwill which
could adversely affect our financial condition and operating
results; our efforts to expand our business into new markets;
adverse events impacting the security of travel, such as terrorist
acts, acts of piracy, armed conflict and threats thereof and other
international events; breaches in data security or other
disturbances to our information technology and other networks; the
spread of epidemics and viral outbreaks; adverse incidents
involving cruise ships; changes in fuel prices and/or other cruise
operating costs; our hedging strategies; our inability to
obtain adequate insurance coverage; our substantial indebtedness,
including the ability to raise additional capital to fund our
operations, and to generate the necessary amount of cash to service
our existing debt; restrictions in the agreements governing our
indebtedness that limit our flexibility in operating our business;
the significant portion of our assets pledged as collateral under
our existing debt agreements and the ability of our creditors to
accelerate the repayment of our indebtedness; our ability to incur
significantly more debt despite our substantial existing
indebtedness; volatility and disruptions in the global credit and
financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those
under our credit facilities, derivatives, contingent obligations,
insurance contracts and new ship progress payment guarantees;
fluctuations in foreign currency exchange rates; our inability to
recruit or retain qualified personnel or the loss of key personnel;
future changes relating to how external distribution channels sell
and market our cruises; our reliance on third parties to provide
hotel management services to certain ships and certain other
services; delays in our shipbuilding program and ship repairs,
maintenance and refurbishments; and other factors set forth under
"Risk Factors" in our most recently filed Annual Report on Form
10-K and Quarterly Report on Form 10-Q and subsequent filings by
the Company with the Securities and Exchange Commission. The above
examples are not exhaustive and new risks emerge from time to time.
Such forward-looking statements are based on our current beliefs,
assumptions, expectations, estimates and projections regarding our
present and future business strategies and the environment in which
we will operate in the future. These forward-looking statements
speak only as of the date made. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement contained herein to
reflect any change in our expectations with regard thereto or any
change of events, conditions or circumstances on which any such
statement was based, except as required by law.
Investor Relations Contact
Andrea DeMarco
(305) 468-2339
InvestorRelations@nclcorp.com
Media Contact
Vanessa Picariello
(305) 436-4713
PublicRelations@ncl.com
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