Princess and Fincantieri Sign Contracts For Two Ships

Princess and Fincantieri Sign Contracts For Two Ships

Princess Cruises and Fincantieri announced today the signing of the final contracts for the construction of two next-generation LNG-fueled 175,000-ton cruise ships, which will be the largest ships ever built so far in Italy, with deliveries scheduled in Monfalcone in late 2023 and in spring 2025.

This announcement follows the initial signing of a memorandum of agreement between the two parties in July 2018.

The vessels will each accommodate approximately 4,300 guests and will be based on next-generation platform design, being the first Princess Cruises ships to be dual-fuel powered primarily by LNG, Princess said.

"Princess Cruises continues to grow globally -- adding new ships to our fleet built by our long-time trusted shipbuilding partner, Fincantieri, who brings decades of expertise to these next-generation cruise ships," said Jan Swartz, Princess Cruises President. "Even more exciting is that these two ships are being designed to include our MedallionClass platform, powered by OceanMedallion, the most advanced wearable device available within the global hospitality industry."

Giuseppe Bono, CEO of Fincantieri, commented on the announcement: "This result proves, once again, the trust we receive from the market, which allows us to look to the future with ambition. It honours our great work focused on innovation thanks to which we have been able to offer to the client a record-breaking proposal not only in terms of size. Besides, we firmly believe that a new class of Princess Cruises' ships, one of Carnival Group's top brands, can stem from this promising project. In fact, for Princess Cruises, we have received orders for 21 ships, another unprecedented result in this industry."