Fincantieri Win Viking Ocean Cruise Contract

Press Release
Tuesday, December 04, 2012

Viking Ocean Cruises signs MOU with Fincantieri for construction of two ocean cruise ships with an option for another two.

The new ships will be twins to those ordered earlier this year. In line with Viking’s intimate, destination-focused approach to cruising, the ships will be small by today’s standards at approximately 48,000 grt. The related ship contracts will be completed subject to the customary closing conditions.

The agreement, which strengthens the preferred relationship between the two companies, also includes a series of joint initiatives to study possibilities of liquefied natural gas (LNG) propulsion.

Torstein Hagen, Chairman of Viking, commented on the announcement: “This additional order indicates just how strong early response has been to our ocean cruise concept which focuses on small ship destination cruising at a great value. We are very excited to have Fincantieri as a partner as we work to bring the destination back to ocean cruising.”

Giuseppe Bono, CEO of Fincantieri, said: "We are very pleased to intensify our collaboration with Viking and this new agreement demonstrates our ability to compete in the market. We have done our part and we hope that the institutions responsible for supporting exports will continue to sustain those in this strategic industry for the national economy."


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