Costa Orders Two Cruise Ships

Thursday, October 18, 2007
Costa Crociere, the leading cruise line in Italy and Europe, has announced an order for two new 114,200-ton ships to be delivered in 2011 and 2012. Costa Crociere S.p.a, the Italian subsidiary of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE CUK), signed an agreement with Italian shipbuilder Fincantieri for the construction of the two new vessels at an all-in cost of approximately €1 billion (€510 million per ship). The two new ships will be built at Fincantieri's Marghera shipyard and be sister ships to the Costa Concordia, Costa Serena and Costa Pacifica, the latter of which is currently being built at Fincantieri’s Sestri Ponente shipyard. The new ships will each be able to accommodate 3,780 passengers in total (including all upper berths) or 3,012 guests based on double occupancy. "By ordering two additional ships for our fleet of twelve, plus three ordered previously, we are not only reinforcing our position as the market leader in Italy and Europe, but also responding to the increasing demand for our product from our customers across the globe," said Pier Luigi Foschi, Chairman and CEO of Costa Crociere S.p.A. "We are very pleased to have Fincantieri build these two new Concordia class ships and to enjoy our continued successful relationship." Fincantieri’s Chief Executive Officer, Giuseppe Bono, added: “We are most proud to have contributed and to continue contributing to Costa’s growth. The largest cruise operator in Europe, Costa has just celebrated its millionth passenger in the year. I am confident that this alliance will stand the test of time and enable our companies to further consolidate our positions as market leaders in our respective business areas. This new agreement means that over the course of the last year we have gained, in the cruise sector alone, orders for 12 ships, of which 2 options, for a total value of over 5 billion euros.” The two new ships ordered will offer the same innovative elements featured on the other Concordia class ships including the 23,000 square-foot Samsara spa, which is one of the largest spas at sea, complete with exclusive cabins featuring direct access to the spa and a dedicated restaurant. The ships will also feature two swimming pools with retractable magrodomes, the central one equipped with a giant movie screen and authentic Grand Prix race car driving simulators, which provide the most accurate representation of Formula One driving available. In addition, the new ships will boast 17 additional veranda cabins and an overall total of 1,506 cabins, six more than the other Concordia class ships. The two ships will also feature additional innovations to the spa area as well as upgrades to onboard entertainment for both adults and children and teens, among many other new and unique features. Costa's total capacity will increase by 20% (based on double occupancy) with the addition of the two new vessels, confirming the Italian cruise line’s position as market leader in Europe. The two new orders bring Costa's fleet expansion program, which began in 2000, to a total value of €5.5 billion and the total number of vessels introduced between 2000 and 2012 to 13. By 2012, when the last of the new orders is completed, the Costa fleet will be 17 strong and have a total guest capacity of approximately 36,700 based on double occupancy. Since 1990 Fincantieri has built 41 cruise ships. Today’s order means that there are now 18 vessels on which construction is in progress or about to start up at the shipyards of Monfalcone, Marghera, Sestri Ponente and Ancona, thereby guaranteeing Fincantieri a market share of 45%. These 59 ships have brought the company revenues of over 25 billion dollars.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Novoship to Install Ecochlor BWTS on 4 Tankers

SCF Novoship Technical Management has selected the Ecochlor Ballast Water Treatment System (BWTS) to be retrofitted on three Aframax Oil Tankers and one Product Carrier.

Seaspan Venture: Like for Like

“We don’t usually remove the heads at mid-life on the Cummins engines,” Randy Beckler, Shore Engineer for Seaspan Marine, explained in reference to the 2003 launched

Demolition Age Drops as the Dry Bulk Market Enters Another Challenging Year

The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions, says BIMCO.   2016 has shown

Cruise Ship Trends

R&M Group Merges with Sea Level Marine

R&M Ship Technologies USA, Inc. has merged Sea Level Marine, LLC. in efforts to increase the range of services offered to the company’s global client base. By aligning resources,

Fincantieri Launches Majestic Princess for China

Italian shipbuilder Fincantieri has launched its first cruise ship destined for the Chinese market, and will now begin interior fittings ahead of the vessel’s delivery scheduled for spring 2017.

Anthem of the Seas to Port after Rough Night

Multiple media outlets including CBS News report that Royal Caribbean's new cruise ship Anthem of the Seas was hit by a strong strom, reportedly resulting in no

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0698 sec (14 req/sec)