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Monday, October 31, 2016

Missed New Event - Carnival Orders 2 180,000 Ton Ships

Carnival Cruises new 180,000 ton LNG Powered Cruise Ship ordered from Meyer Turku
New Carnival Ship Is Expected to be Similar to the New Build Announced for Subsidiary Costa Cruises
I forgot to share with readers this event which was announced on September 6th, 2016. Carnival Cruises announced an order for 2 cruise ships measuring 180,000 tons for the Carnival brand. What is unique about this order is 1) this will be the largest cruise ship build for the Carnival Brand; 2) the Ship will be Liquefied Natural Gas powered; 3) The ship was ordered from Meyer Werft - Although other Carnival brands have had ships built with Meyer Werft - Carnival has traditionally ordered their ships from Italy's Fincantieri and Turku Finland Yard under prior ownership. Here is the press release below announcing the contract.

As part of a new multi-ship order announced today by Carnival Corporation & plc, Carnival Cruise Line is scheduled to take delivery of two new 180,000 gross-registered-ton cruise ships in 2020 and 2022 which will be the largest in the fleet of the world’s most popular cruise line. Both ships will be powered by Liquefied Natural Gas under Carnival Corp.’s exclusive “green cruising” design and will mark the first time an LNG-powered cruise ship is based in North America.
            The two ships, with an approximate passenger capacity of 5,200 based on double occupancy, are being constructed by Finnish shipbuilder Meyer Turku at the company’s Turku, Finland shipyard.  The agreement represents a return to shipbuilding in Finland for Carnival Cruise Line for the first time in 12 years. The company has 12 ships in its current fleet that were constructed in Finland, including its eight Fantasy-class ships and four Spirit-class ships.
            “This new ship order signifies an extraordinarily exciting future for Carnival Cruise Line and the opportunities that lie ahead to introduce a variety of magnificent new features and innovations to further enhance our outstanding guest experience,” said Christine Duffy, president of Carnival Cruise Line. “We are also thrilled to be introducing Carnival Corporation’s ‘green cruising’ design platform to North America. Both of these ships will be fully powered at sea and in port by Liquefied Natural Gas, which is the world’s cleanest burning fossil fuel. These ships are being designed for maximum energy efficiency and environmental friendliness,” Duffy added.
            Specific design details and itinerary information for the new ships will be announced at a later time.
            Carnival Cruise Line, a unit of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), presently operates a fleet of 25 ships.  In addition to the two new ships announced today, the 133,500-ton Carnival Horizon is under construction in Italy and set to debut in 2018.

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