Tag Archives: viking cruise

Viking to Build Hydrogen-Powered Cruise Ship; Orders 2 More

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Viking and Fincantieri today announced details of the Viking Libra, the world’s first hydrogen-powered cruise ship, capable of operating with zero emissions. In addition, the company announced a deal to build two more ocean-going ships with Fincantieri for delivery in 2031.

Already under construction at Fincantieri’s Ancona shipyard, the Viking Libra is scheduled for delivery in late 2026.

The company’s subsequent ocean ship, the Viking Astrea, which is also currently under construction and scheduled for delivery in 2027, will also be hydrogen-powered.

While the ship is considered a sister ship in Viking’s ocean fleet, she will have a propulsion system based partially on liquefied hydrogen and fuel cells. This hybrid propulsion system will make her capable of navigating and operating with zero emissions, which would allow her to access even the most environmentally sensitive areas, the company said.

Enabled by Isotta Fraschini Motori (IFM), Fincantieri’s subsidiary specializing in advanced fuel cell technology, the ship’s state-of-the-art propulsion system will be capable of producing up to six megawatts of power.

“From the outset, we have designed our river and ocean ships thoughtfully to reduce their fuel consumption, and we are very proud the Viking Libra and the Viking Astrea will be even more environmentally friendly,” said Torstein Hagen, Chairman and CEO of Viking. “Viking made the principled decision to invest in hydrogen, which offers a true zero-emission solution. We look forward to welcoming the world’s first hydrogen-powered cruise ship to our fleet in 2026.”

“With the Viking Libra, we are not only delivering the world’s first cruise ship powered by hydrogen stored on board, but we are also reinforcing our commitment to shaping the future of sustainable maritime transportation,” said Pierroberto Folgiero, CEO and Managing Director of Fincantieri. “Furthermore, we are thrilled about Viking’s decision to expand its fleet with the order of two additional ships, which reaffirms the strength of our partnership and the trust placed in our expertise. This new order is a testament to our shared vision for a more sustainable cruise industry, as together we continue to set new standards for innovation and responsible shipbuilding.”

As part of the company’s commitment to continue to grow capacity, Viking and Fincantieri also today announced that contracts have been signed for two additional ocean ships for delivery in 2031 and an option for two additional ocean ships for delivery in 2033.

Based on the committed orderbook, the company expects to take delivery of 26 additional river ships by 2028 and 11 additional ocean ships by 2031. With these orders, Viking will have 110 river ships in 2028 and 23 ocean and expedition ships in 2031.

Viking May Be Eying IPO

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Viking could be eyeing an initial public offering as soon as the second quarter of this year, according to a report from Bloomberg.

With a dominant position in the European river cruise market, a fleet of ocean-going cruise ships, two expedition ships, a joint venture in China and a Mississippi river operation, the company continues to expand in the cruise industry, with more riverboats and ocean-going ships on order.

If Viking were to list, it would join the other public cruise companies, including Carnival Corporation, Royal Caribbean Group, Norwegian Cruise Line Holdings and Lindblad Expeditions. Of those four, Lindblad was the last go to public in 2015.

According to Bloomberg, the IPO could raise over $500 million and Viking is said to be working with Bank of America, UBS, Wells Fargo and JP Morgan on the listing.

Next Viking Cruises Newbuild to Carry Name Viking Vela

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Currently under construction at the Fincantieri shipyard in Italy, the next Viking Cruises ocean vessel will be named Viking Vela.

According to the company’s website, the ship is set to debut in 2024 and will be slightly larger than its predecessors.

Eleventh in a series of vessels that was started with the Viking Star in 2015, the Viking Vela will be ten meters longer, as well as two meters wider than its sister ships.

With the extra space, the new build will also carry more passengers: 998 versus 930.

The Viking Cruises website has already published the deployment of the ship as well.

After entering service in 2024, the Viking Vela is scheduled to spend its inaugural season in Northern Europe, offering itineraries to Scandinavia, the British Isles, Iceland, the Norwegian Fjords and more.

According to Viking, the new Vela will offer all-balcony accommodations and is ideally sized to reach destinations where the larger ships cannot dock. The company’s website also highlights the vessel’s “understated elegance and modern Scandinavian design.”

In addition to a large fleet of identical mid-sized luxury ships, the cruise line also operates two purpose-built expedition ships, the Viking Octantis and the Viking Polaris.

Another ocean vessel, the Zhao Shang Yi Dun, is also in service for the company in Asia. Part of a joint venture with China Merchants, the ship was formerly named Viking Sun and is now serving the Chinese domestic market.

Continuing its fleet expansion, Viking Cruises is set to take delivery of five additional oceangoing vessels through 2027.