Carnival Cruise Line Orders Another Newbuild for 2028 Delivery

Mardi Gras

Carnival Corporation announced it has signed an agreement with Meyer Werft shipyard for a fifth Excel Class cruise ship for its Carnival Cruise Line brand, set to be delivered in 2028.

This announcement confirms the addition of the 11th Excel Class ship to the corporation’s fleet across four brands, with Carnival Cruise Line operating the fifth vessel. This follows a February announcement for a newbuild for Carnival with a 2027 delivery date.

“Carnival’s Excel-class fleet will soon be a quintet of these very popular ships that provide outstanding guest amenities and tremendous operating efficiencies,” said Christine Duffy, president of Carnival Cruise Line.

“Since the introduction of Mardi Gras in 2021 and the subsequent expansion with Carnival Celebration in 2022 and Carnival Jubilee in 2023, these Excel-class ships are driving excitement, demand, and strong guest satisfaction ratings. With the arrival of Carnival Firenze in April, we are completing the addition of five ships to our fleet in less than 20 months, and then we will pivot to another phase of growth with these two Excel ships.”

Like its sister ships, the new vessel will be powered by liquefied natural gas (LNG) and designed to carry over 6,400 guests and 1,800 crew.

“This new order continues to balance our commitment to growth with our responsible capital approach to utilize strong 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,” said Josh Weinstein, CEO of Carnival Corporation.

“Carnival Cruise Line continues to perform at an outstanding level, and we are focused on adding capacity across the company where it aligns with demand and our position in the marketplace,” added Weinstein.

This measured capacity growth strategy will result in our adding one to two ships per year beginning in 2027, and we will be identifying additional fleet plans over the coming months for our cruise lines to meet capacity demand and improve execution across all aspects of our operation, with the benefit of yielding higher return on invested capital.”

“We are proud of the role the Excel Class from Meyer Werft and Meyer Turku has played in contributing to the success of Carnival Corporation for many years now. We look forward to continuing this success story together,” said Bernd Eikens, CEO of Meyer Group.

 

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