Carnival Corporation & Plc Signs Memorandum of Agreement for Two Ships for Its Princess Cruises Brand
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has signed a memorandum of agreement with Italian shipbuilder Fincantieri for the construction of two 3,600-passenger cruise ships for its Princess Cruises brand.
The agreement is subject to execution of a definitive contract, financing and other customary closing conditions.
The new ships - which will have an all-in cost of approximately euro 155,000 per lower berth - are scheduled to enter service in spring 2013 and spring 2014. At 139,000 tons each, the as-yet-unnamed ships will be the largest in the Princess Cruises fleet.
Additional details will be announced at a later date.
