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.

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).

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.

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 Cruise Line Holdings shared plans for the most comprehensive new-build order in the company’s history. The long-term fleet expansion plan includes new classes of ships for each of its three brands — Norwegian Cruise Line,

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,