Princess Cruises and Fincantieri sign contracts for the largest ships ever built in Italy

Princess Cruises and Fincantieri shipbuilding company announced today the signing of the final contracts for the construction of two next-generation cruise ships, which will be the largest ever built so far in Italy. Delivery for the 4,300-guest, 175,000-tonne vessels is scheduled for late 2023 and spring 2025 respectively.

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

The ships will be based on a next-generation platform design, being the first Princess Cruises vessels to be dual-fuel powered primarily by Liquefied Natural Gas (LNG). LNG is the marine industry’s most environmentally friendly advanced fuel technology and the world’s cleanest fossil fuel, which will significantly reduce air emissions and marine gasoil usage.

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

Giuseppe Bono, CEO of Fincantieri, said: “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.”

The Ocean Medallion is a complimentary, automated piece of technology, the same size as a 10p piece, given to each guest that enables features such as keyless stateroom access and quicker and easier embarkation and disembarkation. Guests can currently experience the Medallion on Caribbean Princess and Regal Princess. By the end of the year, the Medallion will be activated on three additional ships: Royal Princess, Crown Princess and Sky Princess.

Sky Princess under construction in Monfalcone, Italy. The ship is due to launch October 2019.

About Princess Cruises

One of the best-known names in cruising, Princess Cruises is a global premium cruise line and tour company operating a fleet of 17 modern cruise ships, carrying two million guests each year on 170 itineraries to more than 380 destinations around the globe, including the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England and World Cruises. Itineraries range in length from three to 111 days.

In 2017 Princess Cruises, with parent company Carnival Corporation, introduced MedallionClass cruises enabled by the Ocean Medallion – the cruises industry’s most advanced wearable device, provided free to each guest sailing on a MedallionClass ship. The award-winning innovation offers the fastest way to a hassle-free, personalised cruise, giving guests more opportunity to enjoy their time onboard. Ocean Medallion will be activated on five ships by the end of 2019. An activation plan will continue across the global fleet in 2020 and beyond.

Princess Cruises continues its multi-year, “Come Back New Promise” – a £330 million-pound product innovation and cruise ship renovation campaign that will continue to enhance the line’s onboard guest experience. These product innovations include partnerships with award-winning Chef Curtis Stone; shows created in partnership with Broadway-legend Stephen Schwartz; immersive activities for the whole family from Discovery and Animal Planet from exclusive shore excursions to onboard activities; the ultimate sleep at sea with the award-winning Princess Luxury Bed and more.

Three new Royal-class ships are currently on order with the next new ship, Sky Princess, under construction scheduled for delivery in October 2019. Princess recently announced that two new (LNG) ships which will be the largest ships in the Princess fleet, accommodating approximately 4,300 guests with expected delivery in 2023 and 2025. Princess now has five ships arriving over the next six years between 2019 & 2025. The company is part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK).

As always, thank you for taking the time to read my blog posts and for your continued support.

Forever grateful – Claire Harris xx

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