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Norwegian Cruise Line Holdings Announces Newbuild Order for Regent Seven Seas Cruises

April 4, 2016 Cruise No Comments Print Print Email Email

Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH; together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company”) today announced that it has reached an agreement with Fincantieri of Italy to construct a sister ship to Seven Seas Explorer for its Regent Seven Seas Cruises brand for delivery in 2020.  Seven Seas Explorer is currently under construction and is scheduled to make its debut in July 2016.

Scheduled for delivery in 2020, the new ship will retain many of the high-end features and amenities that have led to Seven Seas Explorer being hailed as the most luxurious ship ever built. Guests can anticipate exquisite gourmet dining, plush lounges and spacious accommodations, including a rendition of the Regent Suite, a new class of ultra-luxurious suite that will debut on Seven Seas Explorer. Expanded details for the new ship will be announced at a later date.

“When we began conceptualising Seven Seas Explorer a little over four years ago, we knew from the onset that she would be something special and make an immediate and lasting impression in the marketplace,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings.  “We expect that the positive impact on earnings and impressive return on investment from Seven Seas Explorer will be significant and that her sister vessel will make a similar contribution.”

“We knew immediately from the overwhelmingly positive response we received from travel partners and past guests that Seven Seas Explorer was going to resonate with guests searching for the ultimate in luxury travel,” said Jason Montague, president and chief operating officer of Regent Seven Seas Cruises. “The extraordinary demand generated by Seven Seas Explorer, including record-breaking booking volumes, reinforced our decision to expand our fleet with an additional ship that mirrors the same incredibly high standards of luxury.”

The contract price for the vessel is euro 422 million and the Company has committed financing in place from a syndicate of banks for export credit financing in connection with this order.


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