Carnival Orders New Ships for Its Costa and AIDA Brands

Carnival Corporation has reached agreements for the construction of one 132,500-ton vessel for its Costa Cruises brand and two 125,000-ton ships for its AIDA Cruises brand.  The ships will be the largest ever constructed for these two cruise lines.
 
A contract has been signed with Italian shipbuilder Fincantieri for the construction of a 3,700-passenger ship for Costa that is scheduled for delivery in October 2014. 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 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 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 the fall of 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. The Costa Marina is a 772-passenger ship that entered service for Costa Cruises in 1990.