by Sarah Kuta
Last updated: 1:25 PM ET, Tue July 1, 2025
Crystal Cruises has secured financing for two new cruise ships.
The SACE-backed ECA financing was made possible through several financial institutions and banking partners, including Citibank, N.A. London Branch; Banco Santander, S.A.; CaixaBank, S.A., UK Branch; Cassa Depositi e Prestiti S.p.A.; Credit Agricole Corporate and Investment Bank; Banca Monte Dei Paschi Di Siena S.p.a and Bper Banca S.p.A.
The institutions’ backing “validates our position in the ultra-luxury cruise segment,” says Manfredi Lefebvre d'Ovidio, executive chairman of A&K Travel Group, the parent company of Crystal Cruises.
The new vessels will each be able to accommodate up to 650 passengers and will have a gross tonnage of 61,800 tons.
They’re being built by Fincantieri, with the first ship on track for delivery in May 2028, followed by the second in 2030.
A third ship, which is not part of the recent round of financing, is slated for delivery in 2032.
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