Carnival goes back to MEYER WERFT for another ‘Excel’ class cruise ship

2024-03-27T20:01:24+00:00 March 27th, 2024|Ships|

Carnival Corp has signed an agreement with Meyer Werft shipyard to build a fifth ‘Excel’ class cruise ship for Carnival Cruise Line (CCL), with the delivery set for 2028.

In mid-February, Carnival had announced its first newbuilding order placed in five years with news that a fourth ‘Excel’ class ship would join CCL in Spring 2027.

This new order brings the total number of ‘Excel’ types to 11 across four brands.

“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 Christine Duffy, CCL President.

“Since the introduction of ’Mardi Gras’ in 2021 and the subsequent expansion with ‘Carnival Celebration’ in 2022 and ‘Carnival Jubilee’ in 2023, these ‘Excel’ class ships are driving excitement, demand, and strong guest satisfaction ratings.

“With the arrival of ‘Carnival Firenze’ in April, we are completing the addition of five ships to our fleet in less than 20 months, and then we will pivot to another phase of growth with these two ‘Excel’ ships,” she said.

This fifth ship will be built to the same design as her sisters, with the 180,000 gt ship powered by 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 utilise 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,” added Josh Weinstein, Carnival Corp CEO.

“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,” Weinstein revealed.

“We are proud of the role the ‘Excel’class from MEYER WERFT and MEYER TURKU has played in contributing to the success of Carnival Corp for many years now. We look forward to continuing this success story together,” commented Bernd Eikens, CEO MEYER Group.

This order is contingent upon financing, which is expected to be completed later this year.