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Fincantieri and Viking Sign Contracts for Two New Cruise Ships

Mike Schuler
Total Views: 912
July 3, 2024

Fincantieri and Viking have recently signed contracts for the construction of two new cruise ships, based on the designs of previous ships built by Fincantieri for Viking.

The vessels are scheduled for delivery in 2028 and 2029. The value of the agreement, which is contingent on financing and other terms, is considered substantial, ranging between €500 million and €1 billion.

The vessels will be part of the small cruise ship segment, with a gross tonnage of approximately 54,300 tons, and will accommodate 998 passengers in 499 cabins. The ships will meet the latest environmental standards, feature advanced safety systems, and incorporate innovations in eco-friendly fuels and sustainable zero-emission power generation.

Fincantieri said the contract signifies the cruise market’s recovery to pre-pandemic levels and enhances the shipbuilder’s commercial pipeline. The agreement also highlights the long-standing relationship between Fincantieri and Viking since 2012. The collaboration extends to 20 vessels, including two expedition units built by Fincantieri’s subsidiary, Vard.

“This order further cements our relationship with Viking and establishes Fincantieri as the partner of choice for ship owners looking to build vessels fit for both current and future energy sources,” said Pierroberto Folgiero, CEO and Managing Director of Fincantieri. “Together, Fincantieri and Viking are leading the shipping industry in the path to net zero. With this contract, Fincantieri confirms its strong order pipeline and its reputation as a long-term partner of excellence within the cruise sector, as stated in our 2023-27 Industrial Plan.”

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