Disney to order two more cruise ships at Meyer Werft

MARCH 3, 2016 — The Walt Disney Company has entered into a memorandum of agreement with German shipbuilder Meyer Werft covering the construction of two new cruise ships for deliveries in in 2021 and 2023.

Each new ship will be approximately 135,000 gross tons – slightly larger than the newest Disney Cruise Line ships, the Disney Dream and Disney Fantasy – and each is currently planned to include about 1,250 guest staterooms.

While design plans, ship names and itineraries are still in development, the company says that "the Walt Disney Imagineering team is already dreaming up exciting new ways to create the world's most magical oceangoing adventures."

With the launch of the Disney Dream and Disney Fantasy in 2011 and 2012, the company introduced several firsts for the industry, including a water coaster at sea (AquaDuck) and virtual portholes in interior staterooms (Magical Portholes) that provide real-time views of the sea as well as sightings of animated Disney characters.

"We pride ourselves on the unforgettable vacation experiences we deliver to our guests each and every day, and the expansion of our Disney fleet will allow us to create even more magical memories for families at sea and in incredible cruise destinations around the world," said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.

"The expansion of Disney Cruise Line only adds to our excitement for the unprecedented growth taking place across our vacation destinations, from new Star Wars experiences coming to the Walt Disney World and Disneyland resorts to the 25th anniversary of Disneyland Paris and the grand opening of our newest park, Shanghai Disney Resort," said Bob Chapek, Chairman, Walt Disney Parks and Resorts.

Want more? Subscribe now!

News from NASDAQ