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Princess Cruises to build two next generation LNG cruise ships

Princess Cruises, a leading global cruise brand of Carnival Corporation & plc, the world's largest leisure travel company, announced at the end of July a memorandum of agreement with Italian shipbuilder Fincantieri to build two new cruise ships on a next-generation platform

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Santa Clarita - Princess Cruises, a leading global cruise brand of Carnival Corporation & plc, the world's largest leisure travel company, announced at the end of July a memorandum of agreement with Italian shipbuilder Fincantieri to build two new cruise ships on a next-generation platform.  The new builds are slated to be delivered in late 2023 and spring 2025, respectively. The new vessels will be Princess Cruises' first ships to be dual-fuel powered -- primarily by Liquefied Natural Gas (LNG), the marine industry's most environmentally friendly advanced fuel technology and the world's cleanest burning fossil fuel, which will significantly reduce air emissions and marine gasoil (MGO).

The new ships, which will be the largest by capacity in the Princess Cruises fleet, will be built at Fincantieri's shipyard in Monfalcone, Italy: "This revolutionary platform for next-generation, LNG-powered cruise ships will introduce innovative design and leisure experiences driven by the future vacation and lifestyle trends of our guests – further evolving the already best-in-class Princess Cruises experience we deliver today. - said Jan Swartz, president of Princess Cruises. - We look forward to collaborating with Fincantieri to bring our vision for this next- generation premium cruise ship into service."

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