Carnival Corp Sign New Agreement

Carnival Corporation has signed a memorandum of agreement with Italian shipbuilder Fincantieri for the construction of two 3,600-passenger cruise ships for its Princess Cruises brand. The agreement is subject to execution of a definitive contract, financing and other customary closing conditions.

The new ships, which will have an all-in cost of approximately €155,000 per lower berth, are scheduled to enter service in spring 2013 and spring 2014. The as-yet-unnamed cruise ships will be the largest in the Princess Cruises fleet.

Additional details will be announced at a later date.

Read reviews of Princess Cruises.