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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
It’s customary for cruise companies to order ships in batches to renew the fleet every few years, but the recent burst in orders may also be attributed to shipyard’s willingness to cut rates to increase business.
Industry giant Carnival Corp. today announced it had reached an agreement with Italy’s Fincantieri shipyard to build a 2,660-passenger vessel for Holland America and a 4,000-passenger vessel for Carnival.
Carnival says the Holland America ship will be delivered during the fall of 2015 and the Carnival ship will arrive in winter 2016. The company is paying about $1.3 billion for the two vessels, with the deal subject to customary closing conditions including execution of shipbuilding contracts and financing.