Norwegian Cruise Line Holdings Orders Three More Ships

Norwegian Cruise Line Holdings Orders Three More Ships

Norwegian Cruise Line Holding today announced that it has entered into an agreement with Fincantieri for the design and construction of three new cruise ships.

The order includes one ship for each of the company’s brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, with one vessel to be built as a sister ship to Oceania Sonata, one as a sister ship to Seven Seas Prestige, and one as a sister ship to the previously announced Norwegian Cruise Line newbuilds order.

All three ships will be built at Fincantieri’s shipyards in Italy and delivered between 2036 and 2037.

“Together with Fincantieri, a trusted partner for decades, we continue to advance a disciplined approach to fleet growth that builds on the strength of our brands, defines the future of cruising and elevates the guest experience for years to come,” said John W. Chidsey, President and Chief Executive Officer of NCLH. “This agreement secures access to valuable shipyard capacity through the end of 2037, supporting our long-term growth while maintaining financial discipline and driving sustainable shareholder value.”

The company said this new ship order supports the Company’s long-term growth pipeline and competitive position with modest initial capital outlays, allowing it to remain focused on strengthening the balance sheet and reducing leverage.

Following this agreement, NCLH now has a total of 17 newbuilds on order; with Norwegian Cruise Line totaling eight newbuilds through 2037, five newbuilds for Oceania Cruises to be delivered through 2037 and four newbuilds to be delivered through 2036 for Regent Seven Seas Cruises. This newbuild pipeline supports an expected 4 percent compound annual growth rate (CAGR) from 2026 through 2037, consistent with the company’s measured approach to expanding its fleet while investing in next-generation ships.

YearBrandDetailTonsBerths
Q1 2026Norwegian Cruise LineNorwegian Luna~156,000~3,565
Q4 2026Regent Seven SeasSeven Seas Prestige~77,000~822
2027Norwegian Cruise LineNorwegian Aura~170,000~3,880
2027Oceania CruisesOceania Sonata~86,000~1,390
2028Norwegian Cruise LineNext Generation “Methanol-Ready” Norwegian Prima Class~170,000~3,880
2029Oceania CruisesOceania Arietta~86,000~1,390
2030Norwegian Cruise LineNew Class 1~227,000~5,000
2030Regent Seven SeasSeven Seas Prestige Class 2~77,000~822
2032Oceania CruisesSonata Class 3~86,000~1,390
2032Norwegian Cruise LineNew Class 2~227,000~5,000
2033Regent Seven SeasSeven Seas Prestige Class 3~77,000~822
2034Norwegian Cruise LineNew Class 3~227,000~5,000
2035Oceania CruisesSonata Class 4~86,000~1,390
2036Norwegian Cruise LineNew Class 4~227,000~5,000
2036Regent Seven SeasSeven Seas Prestige Class 4~77,000~822
2037Norwegian Cruise LineNew Class 5~227,000~5,000
2037Oceania CruisesSonata Class 5~86,000~1,390

Mediterranean Cruise Capacity Nears 6 Million for 2026

Mediterranean Cruise Capacity Nears 6 Million for 2026

The Mediterranean will see close to 6 million cruise passengers this year, according to the upcoming 2026 Cruise Industry News Annual Report.

CIN data shows that over 180 ships will sail in the region across 57 cruise lines, with capacity up 3.7 percent on a year-over-year basis.

MSC and Costa will together account for nearly 40 percent of the capacity in the Mediterranean this year.

Among North American brands, Royal Caribbean, Norwegian and Celebrity round out the top five, collectively accounting for approximately 18 percent of the market.

In addition, AIDA, Princess, Marella and TUI each bring significant capacity, while Viking Ocean has expanded its presence as it continues to expand.

New entrants and niche operators are adding further diversity. Aroya Cruises is positioning a ship in the region for a second straight year, while Orient Express is set to debut its much-anticipated Corinthian.

The capacity increase is being driven primarily by larger vessels.

Secondhand Update: Here Are the Latest Ship Moves and Transactions

Secondhand Update: Here Are the Latest Ship Moves and Transactions

The new year began with news for numerous secondhand cruise ship transactions.

Cruise Industry News highlights some of the key transactions and developments that occurred in the first weeks of 2026.

For a complete overview of the market, see the Secondhand Market Report from Cruise Industry News.

Blue Zephyr (former Caledonian Sky)
Company: Kalama Shipping
Capacity: 114 guests
Tonnage: 4,200
Year built: 1991
Move: To be operated by Blue Zephyr Cruises
Date: January 2026

The former Caledonian Sky will sail for Blue Zephyr Cruises after being sold to Greece-based Kalama Shipping in late 2025.

According to a recent announcement, the 114-guest ship will be renamed Blue Zephyr for boutique cruising in the Greek Isles starting in late April 2026.

Exploris One
Company: Exploris
Capacity: 132 guests
Tonnage: 6,130
Year built: 1989
Move: Sold at auction for 4.5 million euros
Date: January 2026

The Exploris One was sold at auction in late January as part of Exploris Expeditions & Cruises’ liquidation process.

As Cruise Industry News informed, while further details of the operation were not disclosed, the ship was reportedly acquired by a new operator for 4.5 million euros.

German media reported Nordic Hamburg Group as the buyer. Requests for comment went unreturned. The company has involved with both Polar Latitudes Expeditions as well as Heritage Expeditions.

Alaskan Dream Fleet
Ships: Alaskan Dream, Baranof Dream, Chichagof Dream and Admiralty Dream
Company: Alaskan Dream Cruises
Capacity: 223 guests including all vessels
Tonnage: 40 to 76
Year built: 1979 to 1986
Move: Laid up in Alaska after the company’s shutdown
Date: February 2026

The Alaskan Dream Cruises fleet is facing an uncertain future after the company’s sudden shutdown, which was announced earlier this month.

Currently laid up in Sitka, the four coastal ships were built between the late 1970s and the mid-1980s and were scheduled to offer summer cruises in Alaska.

Ocean Endeavour
Company: SunStone Maritime Group
Capacity: 199 guests
Tonnage: 13,000
Year built: 1981
Move: Chartered to the Danish Defense
Date: January 2026

SunStone Maritime Group has chartered the Ocean Endeavour to Danish Defense in January 2026.

Last operated by Adventure Canada in the Arctic, the 1981-built vessel will accommodate Danish and international soldiers participating in a military exercise in Nuuk, Greenland.

Blue Dream Melody
Company: Blue Dream Cruises
Capacity: 1,218 guests
Tonnage: 42,200
Year built: 2002
Move: Laid up in China
Date: January 2026

The Blue Dream Melody was placed in lay up in the Chinese port of Beihai earlier this year after completing a final cruise for Blue Dream Cruises.

The Chinese cruise line announced the ship would be withdrawn from service for updates and maintenance, but operations are suspended indefinitely.