Norwegian Cruise Line to Charter Four Ships Starting 2026, Expands Global Partnerships

Norwegian Cruise Line Holdings Ltd. NCLH shares are Monday, after the the company disclosed signing long-term charter agreements, each inclusive of purchase options, for four vessels across its three brands.

The deal includes two Norwegian Cruise Line vessels, Norwegian Sky and Norwegian Sun, to be chartered to Cordelia Cruises, which is a cruise operator based in India.

The charters are expected to begin in 2026 and 2027, respectively.

The agreement comprises Seven Seas Navigator from Regent Seven Seas Cruises and Insignia from Oceania Cruises.

Both will be chartered to Crescent Seas, which is a residential cruise line. These charters are projected to begin in 2026 and 2027, respectively.

Harry Sommer, president and CEO of Norwegian Cruise Line Holdings Ltd, said, “We’re thrilled that Norwegian Sky and Norwegian Sun will begin new chapters in the Indian cruise market through a long-term agreement with Cordelia Cruises, a leading operator in the region who we look forward to collaborating with into the future.”

Notably, Norwegian Cruise aims to expand its fleet, with 12 new ships scheduled for delivery through 2036 across its three brands: seven for Norwegian Cruise Line, three for Oceania Cruises, and two for Regent Seven Seas Cruises.

Recently, the company’s peer, Carnival Corporation CCL, confirmed an order for two new vessels for its German brand, AIDA Cruises.

Investors can gain exposure to the stock via Strategic Trust Schwab Ariel ESG ETF SAEF and Defiance Hotel, Airline, and Cruise ETF CRUZ.

Price Action: NCLH shares are down 1.98% at $15.38 at the last check Monday.

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Photo: Shutterstock/Ceri Breeze