Carnival orders fifth Excel class cruise ship

2024-02-14T15:17:51+00:00 February 14th, 2024|Ships|

Carnival Corp has signed an agreement with German shipbuilder Meyer Werft to build a fourth Excel-class cruise ship for its Carnival Cruise Line (CCL) brand.

She represents the first new order placed by Carnival for five years.

The ship, the 10th Excel-class ship in the corporation’s fleet across four of its brands, is due to enter service in Spring 2027.

Joining current CCL Excel-class ships ’Mardi Gras’, ‘Carnival Celebration’ and ‘Carnival Jubilee’, the new 180,000 gt ship will carry over 6,400 guests and be powered by an LNG technology platform.
“Our ‘Excel’ class ships have been a tremendous addition to the Carnival fleet and proven very popular with our guests,” said Christine Duffy, CCL. “As the world’s most popular cruise line, this new ship enables us to continue the growth of our incredible fleet as we welcome our loyal guests back to cruise more frequently and attract new-to-cruise guests to experience all that a Carnival cruise has to offer.”
“Building on our strong performance and growing momentum around the world, we are excited to resume our newbuild programme and further enhance our global fleet with yet another state-of-the-art ship that will wow Carnival Cruise Line’s guests,” added Josh Weinstein, Carnival Corp CEO. “With one newbuild scheduled for delivery in 2025, none for 2026, and this order being our only expected newbuild in 2027, our responsible capital approach will support utilising our substantial 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.

“We are following through on our measured capacity growth strategy with the addition of one to two ships per year beginning in 2027, which will be allocated to our cruise lines that most need the capacity to satisfy outsized demand, delivering an attractive payback period.

“We also remain focused on driving revenue growth throughout our portfolio of world class cruise lines by continuing to improve execution across all aspects of our operation, yielding higher return on invested capital,” Weinstein added.

“We are very pleased that the partnership between the MEYER Group and Carnival Corporation will continue with this new order,” commented Bernd Eikens, MEYER Group CEO.