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World's largest cruise company finalizes agreement with
In mid-February Carnival Corporation had announced the first newbuild order placed in five years with news that a fourth Excel-class ship would join the Carnival Cruise Line fleet in Spring 2027. This announcement confirms an 11th Excel-class ship for the corporation's fleet across four of its world-class brands, and the fifth to be sailed by Carnival Cruise Line.
"Carnival's Excel-class fleet will soon be a quintet of these very popular ships that provide outstanding guest amenities and tremendous operating efficiencies," said
This fifth Excel-class ship will be built on the same platform as its sisters, with the 180,000-ton ship powered by liquefied natural gas (LNG) and designed to carry over 6,400 guests and 1,800 crew.
"This new order continues to balance our commitment to growth with our responsible capital approach to utilize strong free cash flow over the next several years to strategically improve our balance sheet, significantly reduce our leverage levels and continue to transfer value from debt holders to shareholders," said
"Carnival Cruise Line continues to perform at an outstanding level, and we are focused on adding capacity across the company where it aligns with demand and our position in the marketplace. This measured capacity growth strategy will result in our adding one to two ships per year beginning in 2027, and we will be identifying additional fleet plans over the coming months for our cruise lines to meet capacity demand and improve execution across all aspects of our operation, with the benefit of yielding higher return on invested capital," said Weinstein.
"We are proud of the role the Excel-class from
This order is contingent upon financing, which is expected to be completed later this year.
About Carnival Corporation & plc
Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines “ AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (
Additional information can be found on www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruise.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com.au, www.pocruises.com, www.princess.com, and www.seabourn.com.
For information on Carnival Corporation's industry-leading sustainability initiatives, visit www.carnivalsustainability.com.
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