Princess Cruises Signs Agreements for Three New Ships with Fincantieri
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy CUK?
Source: PRnewswire
- New Shipbuilding Agreements: Princess Cruises has signed agreements with Fincantieri for three new cruise ships, scheduled for delivery in 2035, 2038, and 2039, which will enhance the cruise line's global standing and attract a new generation of travelers.
- Eco-Friendly Power Systems: The new vessels will feature dual-fuel propulsion primarily powered by Liquefied Natural Gas (LNG), significantly reducing greenhouse gas emissions and aligning with industry sustainability trends, thereby enhancing the company's competitive edge in environmental responsibility.
- Innovative Ship Design: The ships will blend Princess Cruises' classic designs with completely reimagined outer decks, staterooms, and Piazza layouts, accommodating approximately 4,700 guests, which will further elevate the vacation experience and cater to the diverse needs of global travelers.
- Long-Term Partnership: This agreement reinforces the long-standing partnership between Princess Cruises and Fincantieri, expected to provide a stable workload for Fincantieri's shipyards and support its Industrial Plan for 2026-2030.
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About CUK
Carnival PLC is a global cruise company. The Company’s segments include North America and Australia (NAA) cruise operations, Europe and Asia (EA) cruise operations, Cruise Support, and Tour and Other. NAA cruise operations include Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), and Seabourn. The EA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (UK) and Cunard. Cruise Support segment includes its portfolio of port destinations and other services, all of which are operated for the benefit of its cruise brands. Tour and Other segment represent the hotel and transportation operations of Holland America Princess Alaska Tours and other operations. Holland America Princess Alaska Tours is a tour company in Alaska and the Canadian Yukon, which complements its Alaska cruise operations. The Company’s cruising offers a broad range of products and services to suit vacationing guests.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Testing Outcomes: Carnival Corporation successfully tested S-100 navigational data in simulators in collaboration with international hydrographic offices, enhancing navigation accuracy in complex port environments, which is expected to significantly improve crew decision-making and safety.
- Collaborative Effort: The tests brought together ports, marine pilots, and technology providers from the UK, Netherlands, Australia, and New Zealand, ensuring effective application of S-100 data in confined waters and promoting further development of industry standards.
- Real-Time Data Integration: The S-100 framework integrates electronic charts, port data, and real-time marine conditions into a unified navigational environment, enhancing mariners' dynamic understanding of their surroundings, thereby improving operational safety in complex waterways.
- Future Training Needs: The results from the simulator tests will be consolidated into a technical report to support future training and standards development, ensuring effective implementation and widespread adoption of S-100, driving the maritime industry's digital transformation.
See More
Carnival Corporation Completes S-100 Navigation Data Simulator Tests
- Simulator Test Outcomes: Carnival Corporation successfully completed a series of bridge simulator tests in collaboration with international hydrographic offices and industry partners, evaluating S-100 navigation data, which enhances safety and efficiency in complex port environments.
- Collaborative Efforts: The tests brought together ports, marine pilots, and ship crews from the UK, Netherlands, Australia, and New Zealand, ensuring the effectiveness of S-100 data in confined waters and facilitating feedback for data standard optimization.
- Real-Time Data Integration: The S-100 framework integrates electronic charts, port data, and real-time marine conditions, providing a more comprehensive navigational picture that significantly improves mariners' situational awareness, thereby supporting more precise decision-making.
- Future Development Direction: The test results will be consolidated into a technical report to support ongoing S-100 standards development and guide future training needs, ensuring effective application of these new data in real-world operations.
See More
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- Customer Satisfaction Improvement: The application of AI is expected to lower administrative costs while enhancing the customer discovery process, attracting more first-time cruisers and potentially strengthening pricing power in the long term, although these benefits are harder to quantify in the short term.
- Market Penetration Opportunities: Analysts emphasize that the cruise sector's high customer satisfaction and low market penetration provide a solid foundation for AI-driven marketing, particularly among younger, tech-savvy travelers.
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See More
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- New Shipbuilding Agreements: Princess Cruises has signed agreements with Fincantieri for three new cruise ships, scheduled for delivery in 2035, 2038, and 2039, which will enhance the cruise line's global standing and attract a new generation of travelers.
- Eco-Friendly Power Systems: The new vessels will feature dual-fuel propulsion primarily powered by Liquefied Natural Gas (LNG), significantly reducing greenhouse gas emissions and aligning with industry sustainability trends, thereby enhancing the company's competitive edge in environmental responsibility.
- Innovative Ship Design: The ships will blend Princess Cruises' classic designs with completely reimagined outer decks, staterooms, and Piazza layouts, accommodating approximately 4,700 guests, which will further elevate the vacation experience and cater to the diverse needs of global travelers.
- Long-Term Partnership: This agreement reinforces the long-standing partnership between Princess Cruises and Fincantieri, expected to provide a stable workload for Fincantieri's shipyards and support its Industrial Plan for 2026-2030.
See More
Princess Cruises Signs Agreements for Three New Ships
- New Shipbuilding Agreements: Princess Cruises has signed agreements with Italian shipbuilder Fincantieri to construct three new cruise ships, scheduled for delivery in 2035, 2038, and 2039, which will further enhance the brand's status in the global cruise market.
- Sustainable Technology Implementation: The new vessels will feature a dual-fuel propulsion system primarily powered by Liquefied Natural Gas (LNG), significantly reducing greenhouse gas emissions and aligning with sustainability goals, thereby enhancing the company's competitive edge in environmental stewardship.
- Market Demand Response: The design of the new ships will incorporate customer feedback to provide superior dining, entertainment, and spatial experiences, aimed at attracting the next generation of travelers and driving rapid growth in the cruise market.
- Long-term Partnership: This agreement solidifies the long-standing partnership between Princess Cruises and Fincantieri, ensuring a stable workload for the latter through 2039, supporting its profitable development outlined in the 2026-2030 Industrial Plan.
See More
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- Innovative Homeporting: For the first time, two ships, Diamond Princess and Sapphire Princess, will homeport in Tokyo, providing more convenient access to the city center, which is expected to attract more tourists to experience Japanese culture.
- Cultural Immersion Experiences: The new itineraries are timed to coincide with Japan's famous festivals, offering deep cultural experiences and culinary journeys aimed at meeting tourists' demands for unique travel experiences, thereby enhancing customer satisfaction.
- Southeast Asia Connectivity: The Southeast Asia program connects Japan, Korea, and Southeast Asia, providing rich destination experiences that further strengthen the brand's market share in the region.
See More
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- Significant Testing Outcomes: Carnival Corporation successfully tested S-100 navigational data in simulators in collaboration with international hydrographic offices, enhancing navigation accuracy in complex port environments, which is expected to significantly improve crew decision-making and safety.
- Collaborative Effort: The tests brought together ports, marine pilots, and technology providers from the UK, Netherlands, Australia, and New Zealand, ensuring effective application of S-100 data in confined waters and promoting further development of industry standards.
- Real-Time Data Integration: The S-100 framework integrates electronic charts, port data, and real-time marine conditions into a unified navigational environment, enhancing mariners' dynamic understanding of their surroundings, thereby improving operational safety in complex waterways.
- Future Training Needs: The results from the simulator tests will be consolidated into a technical report to support future training and standards development, ensuring effective implementation and widespread adoption of S-100, driving the maritime industry's digital transformation.
See More
Carnival Corporation Completes S-100 Navigation Data Simulator Tests
- Simulator Test Outcomes: Carnival Corporation successfully completed a series of bridge simulator tests in collaboration with international hydrographic offices and industry partners, evaluating S-100 navigation data, which enhances safety and efficiency in complex port environments.
- Collaborative Efforts: The tests brought together ports, marine pilots, and ship crews from the UK, Netherlands, Australia, and New Zealand, ensuring the effectiveness of S-100 data in confined waters and facilitating feedback for data standard optimization.
- Real-Time Data Integration: The S-100 framework integrates electronic charts, port data, and real-time marine conditions, providing a more comprehensive navigational picture that significantly improves mariners' situational awareness, thereby supporting more precise decision-making.
- Future Development Direction: The test results will be consolidated into a technical report to support ongoing S-100 standards development and guide future training needs, ensuring effective application of these new data in real-world operations.
See More
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- Direct Booking Transformation: Barclays analysts highlight that the cruise industry can enhance profitability by shifting to AI-driven direct bookings, potentially reducing third-party commission expenses by 3% to 6% and increasing earnings per share (EPS) by 12% to 45%.
- Customer Satisfaction Improvement: The application of AI is expected to lower administrative costs while enhancing the customer discovery process, attracting more first-time cruisers and potentially strengthening pricing power in the long term, although these benefits are harder to quantify in the short term.
- Market Penetration Opportunities: Analysts emphasize that the cruise sector's high customer satisfaction and low market penetration provide a solid foundation for AI-driven marketing, particularly among younger, tech-savvy travelers.
- Industry Competitive Advantage: Barclays maintains a bullish outlook on the cruise industry's prospects, believing that the adoption of technology will help companies defend margins in an increasingly competitive global travel landscape, with Royal Caribbean Cruises Ltd leading in AI integration.
See More
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- New Shipbuilding Agreements: Princess Cruises has signed agreements with Fincantieri for three new cruise ships, scheduled for delivery in 2035, 2038, and 2039, which will enhance the cruise line's global standing and attract a new generation of travelers.
- Eco-Friendly Power Systems: The new vessels will feature dual-fuel propulsion primarily powered by Liquefied Natural Gas (LNG), significantly reducing greenhouse gas emissions and aligning with industry sustainability trends, thereby enhancing the company's competitive edge in environmental responsibility.
- Innovative Ship Design: The ships will blend Princess Cruises' classic designs with completely reimagined outer decks, staterooms, and Piazza layouts, accommodating approximately 4,700 guests, which will further elevate the vacation experience and cater to the diverse needs of global travelers.
- Long-Term Partnership: This agreement reinforces the long-standing partnership between Princess Cruises and Fincantieri, expected to provide a stable workload for Fincantieri's shipyards and support its Industrial Plan for 2026-2030.
See More
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- New Shipbuilding Agreements: Princess Cruises has signed agreements with Italian shipbuilder Fincantieri to construct three new cruise ships, scheduled for delivery in 2035, 2038, and 2039, which will further enhance the brand's status in the global cruise market.
- Sustainable Technology Implementation: The new vessels will feature a dual-fuel propulsion system primarily powered by Liquefied Natural Gas (LNG), significantly reducing greenhouse gas emissions and aligning with sustainability goals, thereby enhancing the company's competitive edge in environmental stewardship.
- Market Demand Response: The design of the new ships will incorporate customer feedback to provide superior dining, entertainment, and spatial experiences, aimed at attracting the next generation of travelers and driving rapid growth in the cruise market.
- Long-term Partnership: This agreement solidifies the long-standing partnership between Princess Cruises and Fincantieri, ensuring a stable workload for the latter through 2039, supporting its profitable development outlined in the 2026-2030 Industrial Plan.
See More
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- Route Expansion: Princess Cruises launches its largest-ever Asia deployment for 2027 and 2028, featuring 96 departures across 55 destinations in nine countries, significantly enhancing its competitive position in the market.
- Innovative Homeporting: For the first time, two ships, Diamond Princess and Sapphire Princess, will homeport in Tokyo, providing more convenient access to the city center, which is expected to attract more tourists to experience Japanese culture.
- Cultural Immersion Experiences: The new itineraries are timed to coincide with Japan's famous festivals, offering deep cultural experiences and culinary journeys aimed at meeting tourists' demands for unique travel experiences, thereby enhancing customer satisfaction.
- Southeast Asia Connectivity: The Southeast Asia program connects Japan, Korea, and Southeast Asia, providing rich destination experiences that further strengthen the brand's market share in the region.
See More
