Norwegian orders two more Breakaway plus ships

The Norwegian Escape, the first ship in the Breakaway Plus class, is due for delivery from the shipyard in fall 2015

JULY 14, 2014 — Norwegian Cruise Line (NASDAQ: NCLH) announced today that it has reached an agreement with shipbuilder Meyer Werft GmbH of Germany to build two new Breakaway-Plus class cruise ships for delivery in the second quarter 2018 and the fourth quarter 2019. Each ship will be 164,600 gross tons and include 4,200 passenger berths.

The Breakaway Plus class ships combine all the features of the 3,969 passenger, 144,000 gt Norwegian Breakaway and the Norwegian Getaway, along with an additional deck.

“Norwegian Breakaway and Norwegian Getaway have proven themselves as industry game-changers and are extremely popular with our guests,” said Kevin Sheehan, Norwegian Cruise Line’s chief executive officer. “It was only natural that we build on their success with this new ship order that further solidifies our long-term growth strategy.”

The contract price for both ships is approximately EUR 1.6 billion. The Company has export credit financing in place for each ship, arranged and underwritten by KfW IPEX-Bank GmbH of Germany.

“We are thrilled that Norwegian Cruise Line has the continued confidence in Meyer Werft to expand their fleet,” said Bernard Meyer, managing partner of Meyer Werft. “We are very proud of our longstanding relationship with Norwegian.”

Main Characteristics of Breakaway Plus ships

Tonnage    163,000 GT
Overall Length    324 m
Width    41.4 m
Speed    22.5
Number of Passenger Cabins    2,100
Passengers    4,200