Where will all the passengers come from?
Norwegian Escape above, Norwegian Bliss to set sail in April 2018.
Of course, MSC is looking to North America for growth, by devoting its MSC Seaside to year-round Caribbean cruises from Miami. MSC executive chairman Pierfrancesco Vago perhaps spilled the beans a bit early by announcing at a shipyard event that MSC would have three ships in Miami during the 2019-2020 winter season.
And there's further growth afoot in MSC's European back yard, Casalino said.
But another opportunity is the emerging middle class in countries all over the world that are making the transition from third world to first world.
China, clearly, is everyone's favorite example. But Casalino cited another country with an intriguing new population of potential cruisers: South Africa.
There, tens of thousands of black residents that were oppressed and kept out of the middle class during the country's apartheid years are discovering leisure travel for the first time.
"They're in a country where for most of them, it's a new thing for society at large to take a packaged vacation," Casalino said.
The level of education on how to do that is understandably low. In South Africa, MSC gets questions that it would hardly ever field in the U.S. or Europe.
"They call us up and want to know if they should bring bed linens," Casalino said. "Or whether they should bring food along for us to cook. They want to know how it works."
The vast potential for growth among the new to cruise has become somewhat of a cliche at conferences where panel discussions debate cruise topics.