Carnival Corporation & plc has signed a deal with German shipbuilder Meyer Werft to construct a fourth Excel-class cruise ship for the cruise giant's Carnival Cruise Line brand.
The ship, which is slated to be the 10th Excel-class ship in the Miami-based corporation's fleet across four of its brands, is scheduled to enter service in spring 2027.
The new ship will join existing Carnival Cruise Line Excel-class ships Mardi Gras, Carnival Celebration and Carnival Jubilee, which debuted late last year. The vessel will come in at 180,000 tons, carry more than 6,400 guests and be powered on a liquefied natural gas (LNG) technology platform.
"Our Excel-class ships have been a tremendous addition to the Carnival fleet and proven very popular with our guests," Carnival Cruise Line president Christine Duffy said in a statement. "As the world's most popular cruise line, this new ship enables us to continue the growth of our incredible fleet as we welcome our loyal guests back to cruise more frequently and attract new-to-cruise guests to experience all that a Carnival cruise has to offer."
"Building on our strong performance and growing momentum around the world, we are excited to resume our newbuild program and further enhance our global fleet with yet another state-of-the-art ship that will wow Carnival Cruise Line's guests," added Carnival Corporation CEO Josh Weinstein. "With one newbuild scheduled for delivery in 2025, none for 2026, and this order being our only expected newbuild in 2027, our responsible capital approach will support utilizing our substantial free cash flow over the next several years to strategically improve our balance sheet, significantly reduce our leverage levels and continue to transfer value from debt holders to shareholders."
"We are following through on our measured capacity growth strategy with the addition of one to two ships per year beginning in 2027, which will be allocated to our cruise lines that most need the capacity to satisfy outsized demand, delivering an attractive payback period," said Weinstein. "We also remain focused on driving revenue growth throughout our portfolio of world-class cruise lines by continuing to improve execution across all aspects of our operation, yielding higher return on invested capital."
The new ship is the first newbuild order placed by Carnival Corporation in five years.
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