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Norwegian Cruise Line to build two new ships

Posted by Anita Dunham-Potter On October - 25 - 2010

Following the successful launch of Norwegian Epic, the Company’s largest and most innovative ship to date, Norwegian Cruise Line announced today that it has reached an agreement with MEYER WERFT GMBH of Germany to build two new next generation Freestyle Cruising ships for delivery in spring 2013 and spring 2014, respectively. Each of the 143,500 gross ton vessels, the largest passenger/cruise ships to be built in Germany, will have approximately 4,000 passenger berths and a rich cabin mix.

Additional details about each ship’s new and exciting features will be released as construction progresses. The contract price for the two vessels is approximately €1.2 billion. The Company has committed financing in place from a syndicate of banks for export credit financing in connection with this project. “We have always been focused on a disciplined approach to capacity growth. Our decision to add two new ships reflects the significant progress we have made in improving our operating performance and repositioning the Company over the last several years, as well as the strong market demand we are seeing for Norwegian Epic and our other ships,” said Kevin Sheehan, Norwegian Cruise Line’s chief executive officer. “Building on the incredible success and popularity of Norwegian Epic, we are taking the best of what our newest ship has to offer, as well as drawing on our legacy of innovation in the cruise industry, in creating a new class of Freestyle Cruising vessel that is sure to provide our guests with the unparalleled freedom and flexibility they have come to expect on a Norwegian cruise.”

“We are excited to be returning to MEYER WERFT and are confident that their rich ship building history and expertise will bring our vision to fruition,” added Sheehan. MEYER WERFT, based in Papenburg, Germany, most recently built Norwegian’s four Jewel-class ships – Norwegian Gem delivered in 2007, Norwegian Pearl and Norwegian Jade delivered in 2006, and Norwegian Jewel delivered in 2005. These new vessels are the eighth and ninth that the Company will build with MEYER WERFT.

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