Fincantieri has secured a major new contract from Norwegian Cruise Line Group to build three next-generation cruise ships, with the total value of the order topping €4 billion. The firm announced the agreement on Monday and said the order accounts for roughly 40% of its expected 2026 intake.
The contract covers one vessel apiece for Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Each newbuild will be a sister ship to the most recent vessels Fincantieri has produced for those brands, maintaining continuity with the respective lines' latest designs.
Specifications provided by Fincantieri indicate the Norwegian Cruise Line ship will measure 227,000 gross tons and offer in excess of 5,000 berths. The Regent Seven Seas Cruises vessel is described as a 77,000 gross ton ship with about 822 berths, targeting the ultra-luxury market. The Oceania Cruises newbuild will be 86,000 gross tons and provide roughly 1,390 berths.
All three ships will be constructed at Fincantieri’s Italian shipyards, with deliveries scheduled between 2036 and 2037. The company framed the order as consistent with the financial and operational goals it set out in its recently presented 2026-30 business plan.
Under that plan, Fincantieri aims to raise its reported EBITDA margin from 7.4% in 2025 to 10% by 2030, and it has a longer-range target of 13% by 2035. The business plan also projects revenue growth at a compound annual growth rate (CAGR) of 7% over the 2025-30 period, increasing revenue from €9.0 billion to €12.5 billion.
The company characterized the contract as a meaningful contribution to its expected workload and to the financial trajectory set out in its strategic plan.
Summary of the deal
- Three sister ships ordered for Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.
- Order valued at more than €4 billion and equates to about 40% of Fincantieri’s expected 2026 intake.
- Ships to be built in Italy with deliveries in 2036-2037.