Oceania Cruises and Fincantieri have agreed a deal to build two new ships.
The two 67,000 gross ton vessels, due to be delivered in 2022 and 2025, will each accommodate 1,200 passengers.
The contract price for each of the two Allura-class vessels is approximately €575 million per ship.
In a statement, the line said the Allura-class would retain “all the warmth, popular design elements” of its Marina and Riviera vessels.
Oceania Cruises’ president and chief executive Bob Binder said: “This new class of ships will represent an evolution of the Oceania Cruises experience with all the elements our guests treasure – a warm, intimate, residential style; the most spacious standard staterooms afloat; amazing suites, and of course, the finest cuisine at sea.”
Frank del Rio, president and chief executive of Norwegian Cruise Line Holdings (NCLH), said the deal was struck to meet demand for upscale culinary and destination-focused cruise vacations.
He said: “This new class of ships will further elevate the already best-in-class guest experience at Oceania Cruises and meaningfully strengthen demand from both new and loyal returning guests, which will ultimately drive further returns for shareholders.”
NCLH has obtained export credit financing to fund 80% of the contract price of each ship.
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