Expanding Luxury: Regent Seven Seas Cruises announces order for third explorer-class ship (Italy)
Regent Seven Seas Cruises, the leading luxury ocean cruise line, today announced an order with Italy’s Fincantieri S.p.A. to build another stunning cruise ship that will continue to set the standard for defining elegance at sea. |
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Expanding Luxury: Regent Seven Seas Cruises announces order for third explorer-class ship (Italy)
Regent Seven Seas Cruises, the leading luxury ocean cruise line, today announced an order with Italy’s Fincantieri S.p.A. to build another stunning cruise ship that will continue to set the standard for defining elegance at sea. |
Category: Europe - Italy - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2019-01-16
With delivery scheduled in late 2023, the new vessel will be a sister ship to the award-winning Seven Seas Explorer, the most luxurious ship ever built, and Seven Seas Splendor, the ship that perfects luxury.
Accommodating up to 750 guests, the intimate and spacious new ship will be Regent Seven Seas Cruises’ sixth-all-suite vessel. Details about her itineraries, suites, restaurants, amenities and onboard experiences will be revealed leading up to her 2023 debut. Voyages for the ship’s inaugural season will go on sale in 2021.
“Since debuting in 2016, Seven Seas Explorer has solidified her reputation as the most luxurious ship ever built based on the continuous awards and guest accolades she earns,” said Jason Montague, president and chief executive officer of Regent Seven Seas Cruises. “When Seven Seas Splendor’s inaugural season went on sale in April 2018 we set a new single-day booking record for our 26-year-old company, demonstrating the anticipation for her 2020 arrival. Each new ship is progressively more successful. Our growth is a reflection of the amazing people who work across our fleet, our valued shoreside employees, our loyal guests and their trusted travel advisors.”
Montague added, “Over the past 12 months Regent Seven Seas Cruises has completed a $125 million remodeling of our fleet, started construction on Seven Seas Splendor, unveiled our 2020-2021 Voyage Collection with 167 itineraries and new ports, introduced new relaxed outdoor evening dining venues on our ships, debuted the most immersive luxury Cuban voyage itineraries, revealed Go Local Tours and Regent Choice small group shore excursions, and now we announce one more category-defining luxury cruise ship. These are exciting times for everyone associated with Regent Seven Seas Cruises and we can’t wait to show you what’s next.”
The contract price for the vessel is approximately €475 million. The Company has obtained export credit financing with favorable terms to fund 80 percent of the contract price of the ship, subject to certain Italian government approvals. Regent Seven Seas Cruises is owned by Norwegian Cruise Line Holdings Ltd., which also owns Norwegian Cruise Line and Oceania Cruises.
“We are excited to build on the spectacular success of Seven Seas Explorer and Seven Seas Splendor as we embark on bringing to life a new vessel that will set an even higher benchmark for elegance, luxury and style,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “This new ship further strengthens our Company’s robust yet measured growth profile with vessels now on order for all three of our award-winning brands, enabling us to expand our presence globally, further diversify our product offerings and continue to drive shareholder returns.”
Fincantieri is currently building Seven Seas Splendor at its Ancona, Italy shipyard, with relentless focus on perfecting every detail during construction so the ship’s inspired design truly dazzles guests as a work of art.
“This agreement is the perfect seal of the work our Group has carried out over the years and the role we have gained in the market. We are able to enter and maintain a reference market presence in every niche, including the most unique and competitive ultra-luxury one in which Regent Seven Seas Cruises operates. Quality is the shipowner’s hallmark and it entrusted Fincantieri once again,” stated Giuseppe Bono, CEO of Fincantieri.
About Regent Seven Seas CruisesRegent Seven Seas Cruises is the world’s most inclusive luxury experience with a modern, six-ship fleet that visits more than 450 iconic and immersive destinations around the world. The cruise line’s fares include all-suite accommodations, round-trip business-class air on intercontinental flights from U.S. and Canada, the largest collection of free, unlimited shore excursions, unlimited internet access, highly personalized service, exquisite cuisine, fine wines and spirits, prepaid gratuities, ground transfers and one-night, pre-cruise hotel package for guests staying in Concierge-level suites and higher. In 2018 the cruise line concluded a $125 million refurbishment program of Seven Seas Mariner, Seven Seas Voyager and Seven Seas Navigator to elevate the fleet’s elegance to the benchmark set by Seven Seas Explorer and, in 2020, Seven Seas Splendor.
About Fincantieri S.p.A.Fincantieri is one of the world’s largest shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry’s sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions, systems and components production and after-sales services. Headquartered in Trieste (Italy), the Group has built more than 7,000 vessels in over 230 years of maritime history. With almost 19,000 employees, of whom more than 7,800 in Italy, 20 shipyards in 4 continents, today Fincantieri is the leading Western shipbuilder. It has among its clients the major cruise operators, the Italian and the U.S. Navy, in addition to several foreign navies, and it is partner of some of the main European defense companies within supranational programmes.
About Norwegian Cruise Line Holdings Ltd.Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide.
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