Princess ordering its largest ships

Image result for princess royal class cruise ships

The new class will be 20% larger than the Royal Princess pictured above

Princess Cruises has signed a memorandum of understanding for two ships that will carry 20% more passengers than the Royal class of Princess ships that began with the Royal Princess.

The ships will be 175,000 gross tons and are designed for 4,300 passengers, compared to 3,560 for the Royal Princess.

Set for delivery in 2023 and 2025, the ships will be equipped with the dual-fuel capability and are intended to operate primarily using liquefied natural gas.

The cost of the ships, to be built by Fincantieri, was not disclosed.

Princess has three Royal-class ships on order with Fincantieri, including its next new ship, Sky Princess, which is currently under construction and scheduled for delivery in October 2019. The two other Royal-class ships are planned for delivery in 2020 and 2022.

Majestic Princess: Princess Cruises names new €600 million ship designed for Chinese

Majestic Princess will be based in China

Majestic Princess will begin sailing to Japan and South Korea from its homeport of Shanghai in summer 2017

Princess Cruises’ newest ship, launching in summer 2017, will be called Majestic Princess. The 3,560-passenger vessel is the third “Royal Class” ship for the cruise line and has been designed with Chinese passengers in mind.

The ship will carry a Chinese name on the hull, 盛世公主号 (Shèng Shì Gōng Zhǔ Haò) – chosen by Carnival plc’s China employees and interpreted as “Grand World” or “Grand Spirit.”

“We’re excited to be the first line to offer a genuine premium cruise option to Chinese vacationers,” said Jan Swartz, president of Princess Cruises.

“[Majestic Princess] represents our brand’s long-term commitment to the continuing growth of the China market.”

T’ai chi at sea, ballroom dancing, subtitled Hollywood movies, Chinese satellite TV channels and a souped-up designer shopping experience are among the “Princess Class” experiences being rolled out to the Chinese market. Priority will be placed on food, amenities and shopping. In addition to the 24-hour buffet at sea, a wide variety of traditional Chinese dishes will also be offered for breakfast, lunch and dinner.

The rapidly expanding Chinese cruise market has seen a parade of international ships moving to China. MSC Cruises announced last month that it will deploy its 1,976-passenger MSC Lirica to Shanghai, while Royal Caribbean’s Quantum of the Seas sails from Shanghai. Following its launch in China next April Ovation of the Seas will sail from Tianjin.

China has the potential to deliver 83 million cruise passengers a year according to a recent study by the Hong Kong Tourism Board.

• China plots domination of the global cruise market

Princess ships began homeport cruising in China in 2014 with an inaugural season of Shanghai-based cruises aboard Sapphire Princess, which visited cities including Seoul (Incheon), Busan and Jeju Island in South Korea and Fukuoka (Hakata), Kagoshima, Okinawa and Nagasaki in Japan. Majestic Princess will be based in China year round and will begin sailing to Japan and South Korea (ports not yet confirmed) from Shanghai in summer 2017.

Weighing in at 143,000 grt and with a build cost of €600 million Majestic Princess is being built at the Italian shipyard Fincantieri, where P&O Cruises’ Britannia, Princess’s Royal and Regal Princess and Carnival Magic were built.

Competition for Chinese guests intensifies with Princess ship deployment

Shanghai Cruise Terminal

By sending its next ship to sail from Shanghai, Princess Cruises will vault into the vanguard of Western cruise lines seeking to source passengers from fast-growing China.

Princess said it will use the third ship in its Royal class, set for delivery in 2017, to establish a year-round presence in China, one of only three cruise lines to have done so.

The 3,560-passenger ship will be from the largest class of vessels that Princess sails, one-third larger than the 10-year-old Sapphire Princess, which begins its second season of summer sailings from Shanghai next week.

“Deploying our next new ship in China underscores our strong commitment to growing the China cruise market,” Princess President Jan Swartz said in a statement.

The move echoes the decision in April 2014 by Royal Caribbean International to commit the Quantum of the Seas to Shanghai even before it had been delivered. After six months of interim sailings, the ship left New York on a transit cruise May 2 and will begin year-round cruising in China in June.

At the time, Royal Caribbean CEO Adam Goldstein said the company felt it had an asset in the Quantum that was impossible to match.

The Princess ship, as yet unnamed, will be a follow-up to the Royal Princess and Regal Princess, which will remain on U.S.- and European-based itineraries. When they were introduced in 2013 and 2014, respectively, they made a splash with their protruding SeaWalk platforms, dancing water fountains and a pair of elegant chef’s table restaurants.

In addition to those features, the 2017 ship under construction at the Fincantieri shipyard in Italy will be customized for Chinese guests, using the Princess Class elements pioneered on the Sapphire Princess.

They include the World Leaders Dinner, a traditional English afternoon tea, a Lobster Grill, Ultimate Balcony Dining, an oceanview, hot-pot dinner option, ballroom dancing and expanded duty-free shopping.

“And as this ship is still in the design phase, we are looking forward to creating other new and exciting venues and experiences catering to the Chinese vacationer, which we will reveal in the coming months,” Swartz said.

In announcing the ship, Princess said it will be “the first year-round international luxury vessel designed and built specifically for Chinese guests.”

The announcement comes as competition begins in earnest for the Chinese customer.

On May 15, a joint venture between Royal Caribbean Cruises Ltd. and Chinese online travel agency Ctrip will begin sailing the former Celebrity Century from Shanghai.

The 1,800-passenger ship has undergone a renovation, which included the addition of an ice bar, a trampoline and minigolf as well as a makeover of the restaurants to tailor them to Chinese tastes. It will sail under the name SkySea Golden Era.

On May 21, the Sapphire Princess begins its second summer of sailings from Shanghai, followed by the arrival of the Quantum in June.

Carnival Corp. is also represented in the Chinese market by Costa Cruises, which has been sailing the Costa Serena from Shanghai since April.

In a note to investors issued after the Princess announcement, UBS Securities predicted that 2015 will be the tipping point for China to become a “game-changing force” for the cruise industry.

UBS analyst Robin Farley said China will not only provide a new source of demand but will reduce capacity and strengthen pricing in more mature markets such as North America and Europe.

The international cruise industry’s presence in China has been growing since 2008 when Costa first put a ship there dedicated to the Chinese market. Carnival Corp. sent then-Costa chairman Pier Luigi Foschi to oversee its Asian operations.

After Foschi left Carnival, former Princess Cruises president Alan Buckelew was named chief operations officer and was dispatched to China. Although Costa has two other ships, the Costa Victoria and Costa Atlantica, also sailing from China, the shift of a Princess newbuild to China will significantly step up Princess’ presence there.

After the 2017 delivery, Princess has no new ships on order, although Carnival Corp. recently announced an agreement in principle with two European shipyards to build nine vessels from 2019 to 2022.

Carnival Corp. has also agreed to explore a joint venture with Fincantieri and the China State Shipbuilding Corp. to develop the first “world-class cruise ship” to be built in China.

Norwegian Cruise Line has formed a task force to evaluate whether and how to enter the Chinese market. However, its largest shareholder is Genting Group, a Malaysia-based company that also owns Star Cruises, a line that is focused solely on the Asia market.