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Carnival Corporation’s Strategic Growth with Excel-Class Ship Expansion

Carnival Corporation has finalized an agreement with Meyer Werft for a fifth Excel-class cruise ship to be delivered in 2028, marking the 11th Excel-class ship across its brands. The new LNG-powered vessel will hold over 6,400 guests. The company plans to add 1-2 ships yearly starting in 2027.

Carnival Corporation Expands Fleet with New Excel-Class Ship

March 26, 2024 – Miami – Carnival Corporation & plc is the world’s largest cruise company. It has finalized an agreement with the Meyer Werft shipyard. They agreed on a new Excel-class cruise ship. It is set for delivery in 2028. This will be the fifth Excel-class ship for Carnival Cruise Line. It will be the 11th for Carnival Corporation across its various brands.

The announcement follows the recent news in February of a fourth Excel-class ship joining the Carnival fleet in spring 2027. The new ship will be built on the same platform as its predecessors. It will feature a 180,000-ton capacity and be powered by liquefied natural gas (LNG). It will be able to accommodate over 6,400 guests and 1,800 crew members.

Christine Duffy, president of Carnival Cruise Line, highlighted the success of the Excel-class ships. She stated that these vessels offer exceptional amenities. They also provide operational efficiencies. The demand and guest satisfaction have been strong. This began since the introduction of the first Excel-class ship, Mardi Gras, in 2021. It was followed by Carnival Celebration in 2022 and Carnival Jubilee in 2023.

Carnival Corporation’s CEO, Josh Weinstein, emphasized the company’s focus on strategic growth and financial stability. The plan is to add one to two ships per year starting in 2027. This aligns with market demand. It also aims to enhance return on invested capital.

Bernd Eikens, CEO of MEYER Group, expressed pride in the longstanding partnership with Carnival Corporation. He looks forward to continuing their collaboration. The completion of this order is contingent upon financing, expected to be finalized later this year.

Carnival’s expansion strategy reflects its commitment to growth and innovation. It also maintains a strong financial position. This ensures continued success in the cruise industry.