Oceania splurges on new ships

SINGAPORE, 11 January 10, 2019: Oceania Cruises, a subsidiary of Norwegian Cruise Line Holdings, announced Thursday an order for two new ships from Fincantieri, an Italian cruise shipbuilder.

The ships will be delivered in 2022 and 2025.

The two 67,000 gross ton Allura-Class ships will each accommodate approximately 1,200 guests. This new class of mid-size cruise vessels will retain signature amenities available on the line’s Marina and Riviera cruise ships.

“This new class of ships will represent an evolution of the Oceania Cruises experience with all the elements our guests treasure,” stated, Oceania Cruises president and CEO, Bob Binder.

The contract price for each of the two vessels is approximately €575 million. The Company has obtained export credit financing with favourable terms to fund 80% of the contract price of each ship, subject to Italian government approvals.