Regent Seven Seas orders new $450m ship
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Regent Seven Seas Cruises has signed a contract to build what is claimed to be the world’s most expensive luxury cruise ship.
The cruise line has signed a contract with the Fincantieri shipyard in Italy to build what Regent calls “the most luxurious cruise ship in the era of modern cruising” at a cost of US$450 million.
The new ship will be named Seven Seas Explorer and will accommodate 738 guests, the largest in Regent’s fleet.
It is due to join the fleet in summer 2016 and will be the line’s fourth ship.
Financing for the ship was arranged by Crédit Agricole Corporate and Investment Bank with support from Italian export credit facility SACE.
“This new ship order represents an exciting time of growth for our company as we build the next generation of cruise ships for the world’s most inclusive luxury cruise line,” said Frank J. Del Rio, Prestige Cruise Holdings Chairman and CEO. “Seven Seas Explorer will be the most luxurious cruise ship ever built, boasting one of the highest space ratios and staff-to-guest ratios ever seen in the modern era of cruising enabling us to deliver the highly personalised service and extraordinary experience that is the hallmark of the Regent brand.”
Seven Seas Explorer’s cabins will all be suites with balconies similarly to its other vessels. Facilities will include six dining options; Regent’s nine-deck atrium; a two-story Explorer Theater and a Canyon Ranch SpaClub with a “classic and timeless design”.
Regent’s president Kunal Kamlani said there was demand for growth in the luxury sector.
“Since we purchased the Regent Seven Seas Cruises brand in 2008, the ships have sailed full with industry-leading yields. We strongly believe that now is the right time to expand our fleet as our loyal guests have asked for a greater array of itineraries and our travel partners have proven that there is pent-up demand for a new Regent ship,” he explained.
Further details of the ship will be announced in the coming months.
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