An order by Norwegian Line Holdings with Italy's Fincantieri for four new cruise ships is worth around 9 billion euros ($9.34 billion), a source close to the matter said on Wednesday.

Fincantieri announced in a press release that its Letter of Intent with Norwegian Cruise Line Holdings, first disclosed on April 8, 2024, has been finalized into a firm order for four new cruise ships for the Norwegian Cruise Line (NCL) brand.

The shipbuilder didn’t provide a value for the order, placed by Norwegian Cruise Line, but a person familiar with the deal said the contract is valued around $9.3 billion.

Norwegian Line Holdings (NCL) and Italian shipbuilder Fincantieri said on Wednesday they had agreed a deal for four new cruise liners, which a source close to the matter said was worth around 9 billion euros ($9.

Italian shipmaker Fincantieri locked up its largest ever order for cruise liners, agreeing to build four new vessels for Norwegian Cruise Line Holdings Ltd. for about €9 billion ($9.4 billion).

The long-term fleet expansion plan includes new classes of ships for each of its three brands — Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Eight next-generation vessels will be built by Italian shipbuilder Fincantieri for delivery over a ten-year period,

Norwegian Cruise Line had already announced it was planning to compete with Royal Caribbean in the big-ship game, but details on just how big its new Pinnacle class would be were revealed Wednesday. In a press release from Italian shipyard company Finacantieri,