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Seabourn Cruise Line Orders Two New Ships

Maritime Activity Reports, Inc.

October 19, 2006

Seabourn Cruise Line announced today that it will build two new, ultra luxury ships, for delivery in spring 2009 and 2010. Seabourn, a division of Miami-based Carnival Corporation has signed a letter of intent for the project with shipbuilder T. Mariotti S.p.A. of Genoa, Italy. The sister ships will have an all-in U.S. dollar cost of $250 million each.

Each of the 32,000-GRT ships will accommodate all guests in 225 luxury suites, ninety percent of which will offer private verandas. Combined, the two vessels will more than double Seabourn's current fleet capacity of 634 berths. The letter of intent to build the ships is subject to a number of conditions including definitive contracts, financing and other terms. The vessels have been specifically designed to enable Seabourn's award- winning staff to deliver the highly personalized service experience that is a hallmark of the brand.

The design specifications call for hulls 650 feet long, with a beam of 84 feet and a draft of 21 feet. The ships will be powered by diesel-generated electricity and operate with twin screw propellers, with a service speed of 19 knots. They will be equipped with two bow thrusters to enhance maneuverability and two stabilizers. The ships will also be "green ships" employing advanced wastewater treatment technology.

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