Fincantieri and Viking firmed contracts for the construction of two 54,300gt new cruise ships to be delivered in 2030 and signed an agreement for four additional ships in option with deliveries scheduled for 2031 and 2032.

Fincantieri did not disclose the price but said the value of this agreement is ‘large,’ which the builder defines as between €500m and €1bn, and announced these new orders would be “based on the successful features of the previous vessels, which Fincantieri has already built for this shipowner in its Italian yards.”

The shipbuilder claims that the new ships will be built according to the latest environmental rules and navigation regulations and will be equipped with the most modern safety systems.

The new units will be positioned in the small cruise ship segment, with a gross tonnage of approximately 54,300 tons, and will accommodate 998 passengers on board in 499 cabins.

The value of the deal is subject to financing and other typical terms and conditions.

The Fincantieri and Viking partnership, which dates back to 2012, encompasses a total of 22 ships, including the two purpose-built expedition units of the Norwegian subsidiary Vard.

Pierroberto Folgiero, CEO and managing director of Fincantieri, said: “This new order represents another step forward in our collaboration with Viking, further consolidating Fincantieri as a global leader in naval engineering innovation.

“This agreement not only strengthens our order book, but it ensures further depth of work in our shipyards over the long term, positioning us at the forefront of driving the industry towards energy transition.”