Carnival Corporation orders two cruise ships from Meyer Turku

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As a part of previously announced strategic partnership, Carnival Corporation & plc, Meyer Werft and Meyer Turku today announced a multi-billion Euro contract for four 180,000 gross ton large next-generation cruise ships. The ships will feature a revolutionary “green cruising” design and will be the first-ever cruise ships powered at sea by Liquefied Natural Gas (LNG). Two of the ships will be built for AIDA Cruises at Meyer Werft in Papenburg, Germany and two further ships will be built at Meyer Turku, Finland. With these orders, Meyer Turku has secured a long term order book until 2020 – providing a stable and increasing work load that allows the yard and the Finnish maritime cluster to develop themselves.

Pioneering a new era in the use of sustainable fuels, the four new ships will be the first in the cruise industry to use LNG in dual-powered hybrid engines to power the ship both in port and on the open sea. LNG will be stored onboard and used to generate 100 percent power at sea – producing another industry-first innovation for Carnival Corporation and its brands. Using LNG to power the ships in port and at sea will eliminate emissions of soot particles and sulphur oxides.

A major part of the innovative design, created in co-operation by Carnival Corporation, Meyer Werft and Meyer Turku, involves making much more efficient use of the ship's spaces and thus creating an enhanced on-board experience for guests. As a result the highly optimized new ship design will feature the largest guest capacity ever on a cruise ship with a total capacity of 6,600 guests and more than 5,000 lower berths. It will exceed 180,000 gross tons and incorporate an extensive number of guest-friendly features. Each ship will be specifically designed and developed for the respective cruise line brand.

Carnival Corporation CEO Arnold Donald said the contract is consistent with the company’s measured capacity growth strategy to replace ships with less efficient capacity with newer, larger and more fuel efficient vessels over time.

"We are looking forward to executing on the next step in our fleet enhancement plan," said Donald. "At a cost per berth in line with our existing order book, these new ships will enhance the return profile of our fleet. These are exceptionally efficient ships with incredible cabins and public spaces featuring a design inspired by Micky Arison and Michael Thamm and developed by our new build teams." Arison is chairman of the board of directors for Carnival Corporation & plc and Thamm is CEO of the Costa Group, which includes AIDA Cruises and Costa Cruises.

Bernard Meyer, CEO of Meyer Werft, commented: “In past years, we have built seven highly successful ships for AIDA Cruises. We are honoured that Carnival Corporation has entrusted us with the implementation of this ambitious shipbuilding program, and we look forward to building these four ground breaking ships”.

Jan Meyer, CEO of Meyer Turku added: “This order is very important for us at Turku yard, since it provides us and our specialized maritime subcontractors with the long sought-after stability that allows us all to develop and improve our operations. With these ships we are again pushing the limits in many respects. Thus we can and need to use the newly gained long-term stability to prepare ourselves well in order to meet the demands of these challenging projects. For this reason we are working to improve our processes, planning our next investments in the yard facilities and continuing to strengthen ourselves by select recruitings.”

Interview requests:

Tanja Sabell, Communication Manager of Meyer Turku Oy, tanja.sabell@meyerturku.fi,

tel. +358 (0)41 4488 740

Meyer Turku Oy employs 1,350 persons and specializes in building highly complex, innovative and environmentally friendly cruise ships, car-passenger ferries and special vessels. Together with two sister shipyards in Germany, Meyer Werft in Papenburg and Neptun Werft in Rostock, Meyer Turku is one of the world’s leading cruise ship builders. The successful shipbuilding tradition in Turku has been continuing since 1737. The company is currently building ships for TUI Cruises, Tallink and now also for Carnival Corporation. The design and construction of the ships are supported by the subsidiaries of Meyer Turku: Piikkio Works Oy, which is a Cabin Factory in Piikkiö, Shipbuilding Completion Oy, which provides turnkey solutions to public spaces in ships, and ENG´nD Oy, which is an engineering company offering services for shipbuilding and offshore.

Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and fathom. Together, these brands will operate 100 ships in 2015 totalling 219,000 lower berths with eight new ships scheduled to be delivered between 2016 and 2018. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour companies in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.

Costa Crociere S.p.A. is the leading cruise company in Europe. The 25 ships of the brands Costa Crociere, AIDA Cruises and Costa Asia together have a total capacity of 68,800 beds. The fleet will be further strengthened by two new vessels with a total of 8,700 beds by 2016. The company has a global workforce of 27,000 employees working onboard and in its 20 offices in 14 countries.

press release in Finnish