Carnival Corporation & plc Signs Memorandum of Agreement for Two Ships for Its Princess Cruises Bran

MIAMI, Feb. 17 - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has signed a memorandum of agreement with Italian shipbuilder Fincantieri for the construction of two 3,600-passenger cruise ships for its Princess Cruises brand.  The agreement is subject to execution of a definitive contract, financing and other customary closing conditions.

The new ships - which will have an all-in cost of approximately euro 155,000 per lower berth - are scheduled to enter service in spring 2013 and spring 2014.  At 139,000 tons each, the as-yet-unnamed ships will be the largest in the Princess Cruises fleet.

Additional details will be announced at a later date.

Source: Carnival Corporation & plc

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