AIDA Orders Two New Ships From Fincantieri

Carnival Corporation today announced an order for two new ships for AIDA Cruises, a new class of mid-sized vessels.

The agreement with Italian shipbuilder Fincantieri provides for the design, engineering, and construction of these multi-fuel-capable ships, which will be delivered in the first quarter of the fiscal years 2030 and 2032, respectively.

“With approximately 2,100 cabins each, these remarkable new ships give our guests a completely new class of ship which slot in perfectly between our 1,600 cabin Hyperion Class vessels and our more than 2,600 cabin Helios Class vessels,” said Felix Eichhorn, President of AIDA Cruises. “Our next generation of ships will delight our guests with amazing new features and experiences that we will reveal over time. Its innovative technology with multi-fuel propulsion systems, including LNG, will future-proof our operations into the coming decades.”

Eichorn added that once the second ship is delivered, AIDA will have a total of 13 ships in its fleet, further expanding its leadership position in the German cruise market.

“The introduction of these next-generation ships, when combined with the AIDA Evolution program modernizing much of the existing fleet’s décor, features and technologies, will drive even more demand for our AIDA brand, which is synonymous with cruising in Germany,” said Josh Weinstein, chief executive officer of Carnival Corporation.

According to Weinstein, with today’s order, Carnival Corporation’s newbuild pipeline includes eight new ships scheduled to enter service between now and 2033, including Star Princess this year and one each from 2027 to 2033.

“We’re maintaining our disciplined approach to growth and strategically directing new capacity to the highest-performing brands in our world-class portfolio like AIDA Cruises and its sister brand Carnival Cruise Line, which now account for seven of our eight ships on order. This growth plan will maximize our returns and allow us to use our strong free cash flow to continue lowering our debt balance and transferring value from debt holders back to shareholders,” he said.

“We are honored that our long-standing partner Carnival Corporation has selected Fincantieri to build ships for AIDA Cruises for the first time in our history. This milestone confirms our ability to serve the entire Carnival Corporation portfolio while ensuring long-term visibility for our shipyards. These new ships will embody the most advanced technologies for sustainability and efficiency, further strengthening Fincantieri’s and Carnival Corporation’s roles as leaders in cruise industry innovation,” said Pierroberto Folgiero, CEO of Fincantieri.

Key Ship Conversions in 2024

2024 was a strong year for the drydock and secondhand ship market, which led to a number of ships debuting for new operators.

These are some of the key conversion jobs that took place during the year:

Celestyal Discovery
Former: AIDAaura
Capacity: 1,270 guests
Year built: 2003
Previous operator: AIDA Cruises
New operator: Celestyal Cruises
Debut: March 2024

After being sold by Carnival Corporation in late 2023, the former AIDAaura underwent a conversion project before debuting for Celestyal Cruises.

Previously operated by AIDA Cruises, the 2003-built vessel saw a complete transformation for its new market.

Carnival Firenze
Former: Costa Firenze
Capacity: 4,232 guests
Year built: 2020
Previous operator: Costa Cruises
New operator: Carnival Cruise Line
Debut: April 2024

After being transferred to Carnival Cruise Line, the former Costa Firenze underwent a major refit at the Navantia shipyard in Cádiz in early 2024. In addition to receiving Carnival’s branding and livery, the 4,232-guest vessel was updated with Carnival’s public areas, with various spaces converted into the company’s trademark venues, such as the Fahrenheit 555 Steakhouse and the Limelight Lounge.

Margaritaville at Sea Islander
Former: Costa Atlantica
Capacity: 2,100 guests
Year built: 2000
Previous operator: Adora Cruises (never debuted)
New operator: Margaritaville at Sea
Debut: June 2024

After a long refurbishment at the Harland & Wolff shipyard in Northern Ireland, the Margaritaville at Sea Islander debuted for its new operator in June 2024.

Villa Vie Odyssey
Former: Braemar
Capacity: 977 guests
Year built: 1993
Previous operator: Fred. Olsen Cruise Lines
New operator: Villa Vie Residences
Debut: September 2024

The former Braemar of Fred. Olsen Cruise Lines was turned into Villa Vie Residences’ first residential ship in 2024. After a refit at the Harland & Wolff Shipyard in Belfast, the ship emerged as the Odyssey in September, welcoming guests for a continual world cruise.

Aroya
Former: World Dream
Capacity: 3,400 guests
Year built: 2017
Previous operator: Dream Cruises
New operator: Aroya Cruises
Debut: December 2024

The Aroya entered service in December as the first cruise ship dedicated to the national market in Saudi Arabia.. According to Aroya Cruises, several venues onboard the ship were essentially rebuilt during a long conversion that included shipyard visits in the Netherlands and Germany.

Others:

  • Mitsui Ocean Fuji (former Seabourn Odyssey) – now in service for Mitsui Ocean Fuji
  • Celestyal Journey (former Pacific Aria) – now in service for Celestyal Cruises
  • Marella Voyager (former Mein Schiff Herz) – now in service for Marella Cruises
  • Ambition (former AIDAmira) – now in service for Ambassador Cruise Line
  • Resorts World One (former Explorer Dream) – now in service for Resorts World Cruises
  • Carnival Venezia (former Costa Venezia) – now in service for Carnival Cruise Line
  • Exploris One (former Silver Explorer) – now in service for Exploris Expeditions & Cruises

Carnival Corporation Actively Managing Brand and Ship Portfolio

“We’ve been actively managing the portfolio and allocating ships differently, moving vessels and winding up a brand in the case of P&O Australia,” said Josh Weinstein, president and CEO of Carnival Corporation.

“I think it’s setting ourselves up to really put the assets where the highest returns are in the immediate term and the medium term, while we help all the brands who aren’t yet where I think they should be, get to those levels,” he continued, speaking on the company’s year-end and fourth-quarter earnings call.

“At a base level, it’s a continuation of all of those things in the commercial space and having those great brand leaders really lean in even further. We’re investing in our people. We’re investing in our tools, our revenue management tools, to make sure that we are utilizing the technology effectively to optimize the yields.”

Weinsten also pointed to strength in onboard spending.

“We’ve got a good amount of runway to continue the progress we’ve been making around pulling forward the spend, which as everybody knows, opens up the second wallet and the more people spend before they get on the cruise, the more they spend on the cruise. So our brands are again working hard to continue that and we’re nowhere near what the cap could be on those types of efforts.”