Fincantieri and the new Queen Elisabeth for Cunard Line
Italian state-owned shipbuilder Fincantieri SpA signed a $700 million deal to build a new 2,092-passenger ocean liner to be named Queen Elizabeth for Cunard Line, a unit of Carnival Corp.
The 92,000-ton cruise ship will be built at Fincantieri's Monfalcone, Italy, shipyard, with delivery expected in the fall of 2010.
Fincantieri is currently completing the Queen Victoria, a 90,000-ton, 2,000-passenger liner for Cunard, which is set for delivery at the end of November.
Cunard, which operates the Queen Elizabeth 2 and Queen Mary 2, said it made the order in response to strong bookings for its third ocean liner, Queen Victoria. The new liner will keep the number of ships under the Cunard flag at three after the Queen Elizabeth 2 is taken out of service in November 2008, the company said.
The contract with the Cunard unit of Carnival, based in Miami, brings to 16 the number of ships on order at Fincantieri's shipyards, corresponding to a market share of 40%. The Italian shipbuilder has built 41 cruise ships since 1990.