Carnival orders 3,611 passenger ship for P&O Cruises

arisonThe U.K. continues to be a key growth market for Carnival Corporation declared Chairman & CEO Micky Arison as the cruise giant revealed that it has contracted with shipbuilder Fincantieri to construct the largest cruise ship built specifically for the British market -- a 141,000-ton, 3,611 passenger vessel for its P&O Cruises brand.

The as-yet-unnamed ship will be built at Fincantieri's Monfalcone shipyard at all-in cost is approximately euro 155,000 per lower berth. Carnival says "the ship will offer a stylish and innovative new design and unprecedented number of passenger facilities, along with a variety of classic and iconic features of the P&O Cruises brand." Other specifications and new product innovations will be announced at a later date.

The order marks Carnival Corporation & plc's first ship delivery for 2015, aligned with the company's strategy to construct two to three ships per year.  It currently has seven additional ships on order – one ship scheduled for delivery for the remainder of 2011, three for 2012, two for 2013 and one for 2014.

Micky Arison, Carnival Corporation & plc's chairman and CEO, said,"P&O Cruises is Britain's number one cruise operator, synonymous with high quality holidays that celebrate its rich British heritage. The U.K. continues to be a key growth market for Carnival and innovative vessels such as this new P&O Cruises ship – targeted specifically to British clientele – underscore our commitment to expanding this important cruise region."

P&O Cruises Managing Director Carol Marlow said, "This next-generation ship will deliver the ultimate P&O Cruises experience, with 'sophisticated wows' and new features to attract thousands of newcomers to our brand, and equally to resonate with existing P&O Cruises passengers by giving them the 'P&O-ness' they recognise and love. She will offer 'the best of the best,' combining the favourite classic features of Oriana and Aurora, the choice and variety of Azura and Ventura, and a host of new ideas and concepts which together will deliver to our passengers the holiday of a lifetime, every time they travel with us."

Added Fincantieri CEO Giuseppe Bono, "This order shows that the company, even in a difficult moment as today, is resolutely continuing its commitment in a particularly depressed market in order to gain whatever orders there might be, thus holding on to its position as world leader."

June 1, 2011

Want more? Subscribe now!

Join Marine Log's Email List

News from NASDAQ