Carnival orders new Aida and Costa ships

03 Aug 2011
Carnival’s German Aida brand seems to have temporarily abandoned its support for German shipyards with its latest order for two newbuildings in Japan

Carnival’s German Aida brand seems to have temporarily abandoned its support for German shipyards with its latest order for two newbuildings in Japan

Carnival Corporation has announced it has reached agreement for the construction of three new cruise ships - one 132,500gt vessel for its Costa Cruises brand and two 125,000gt ships for Aida Cruises.

The company says that these ships will be the largest constructed for these two cruise lines. The first contract, for a 3,700 passenger ship for Costa, has been signed with Fincantieri. Delivery is scheduled for October 2014, and the all-in cost has been put at about €150,000 per lower berth. The contract with Fincantieri continues Carnival’s longstanding relationship with the Italian shipbuilder, which dates back nearly 20 years.

A memorandum of agreement has been signed with Japan's Mitsubishi Heavy Industries to build two 3,250-passenger ships for Aida, which are scheduled for delivery in March 2015 and March 2016. The all-in cost for these vessels will be around €140,000 per lower berth. The order for the two Aida ships marks a return by Carnival to MHI, which built two successful ships for Princess Cruises, both of which were delivered in 2004.

The new Costa ship order is subject to financing. The memorandum of agreement with Mitsubishi Heavy Industries is subject to customary closing conditions, including execution of shipbuilding contracts and financing. Additional design and itinerary details for the three new vessels will be announced at a later date by Costa and Aida. The Aida order marks Carnival's first new ship delivery for 2016 and continues the company's strategy of introducing two to three ships per year. Including the new orders for Costa and AIDA, Carnival Corporation says it currently has 10 ships on order - three for 2012, two for 2013, two for 2014, two for 2015 and one for 2016.

The delivery of the new Costa ship in 2014 is expected to replace capacity from the sale of certain older Costa ships beginning with the sale of Costa Marina, which will leave the fleet in November 2011.

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Fincantieri SpA

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Mitsubishi Heavy Industries Marine Machinery & Engine Co

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