Regent Orders New Ship

| Wednesday, 10 Jul. 2013

New Ship coming summer 2016 will be the most luxurious cruise ship yet.


Regent Ships: all-suite and spacious

Regent Seven Seas Cruises announced today that it has entered into a definitive contract with the Fincantieri shipyard (Italy) to build the most luxurious cruise ship in the era of modern cruising with delivery scheduled in summer 2016.

This order has been rumored for years, since Regent come under the financial control of Prestige Cruise Holdings, the same company that operates Oceania and funded the building of its two beautiful ships, Marina and Riviera (which arrived in 2011 and 2012, respectively).

The new ship, to be named Seven Seas Explorer, will be the line's third all-suite, all-balcony ship and will accommodate just 738 guests in a space of 54,000-GRT- making it the largest vessel in the Regent Seven Seas Cruises fleet.

The projected cost for the vessel is approximately US$450 million, making Seven Seas Explorer the most expensive luxury liner ever built, although final payment will not be made until the ship is delivered in 2016. Financing for the project is being arranged by Crédit Agricole Corporate and Investment Bank with support from SACE, Italy's export credit facility.

It has long been rumored that since Oceania Cruises built two brand new ships recently that the next new ship from Prestige Cruise Holdings would go to Regent. The line has not had a completely new ship built since Seven Seas Voyager entered service in 2003. All three of the lines existing ships received extensive upgrades in 2009, however.

Design of the new vessel will be a collaborative effort by three World-renowned architectural and interior design firms: (1) Tillberg Design AB of Sweden aided the design of the newest Norwegian Cruise Line ships and the Queen Mary 2, (2) RTKL Associates who aided the design of Celebrity Solstice as well as several top hotel brands including Four Seasons and Ritz-Carlton and finally (3) Manhattan-based ICrave who specializes in eclectic and modern public rooms such as casinos and theaters.

Seven Seas Voyager will offer 369 suites ranging from 300 square feet to 1,500 square feet. There will be six open-seating gourmet restaurants, Regent's signature nine-deck atrium, the two-story Explorer Theater, three boutiques and an expansive Canyon Ranch SpaClub®.

The specifications for the ship call for a hull 732 feet long, with a beam of 102 feet and a draft of 23 feet. The ship will be powered by diesel-electric engines with a service speed of 20 knots. Seven Seas Explorer will be a "green ship" employing the most advanced environmental systems and state-of-the-art technology.

With the Seven Seas Explorer, Regent Seven Seas Cruises' overall fleet capacity will grow nearly 40 percent, making the brand the world's largest luxury cruise line.

"This new ship order represents an exciting time of growth for our company as we build the next generation of cruise ships for the world's most inclusive luxury cruise line," said Frank J. Del Rio, Prestige Cruise Holdings Chairman and CEO. "Seven Seas Explorer will be the most luxurious cruise ship ever built, boasting one of the highest space ratios and staff-to-guest ratios ever seen in the modern era of cruising enabling us to deliver the highly personalized service and extraordinary experience that is the hallmark of the Regent brand."

According to Del Rio, "The moment you step aboard, you'll know you've arrived somewhere special. The ship's upscale yet timeless design, extreme use of exotic stones and polished woods, designer furniture, rich fabrics and sophisticated lighting combined with what promises to be a museum-quality, eclectic art collection will clearly position Seven Seas Explorer as the new standard in luxury cruising."

Seven Seas Explorer will feature spacious and sophisticated designer suites, ultra-elegant public areas, a wide-range of gourmet dining options, a world-class spa and many other amenities all created with the personality, warmth and soul of classic and timeless design. "At Regent, we believe more is best," Del Rio quipped.

"This new ship order is part of our disciplined growth strategy to expand our footprint in the luxury market," said Kunal S. Kamlani, president of Regent Seven Seas Cruises. "Since we purchased the Regent Seven Seas Cruises brand in 2008, the ships have sailed full with industry-leading yields. We strongly believe that now is the right time to expand our fleet as our loyal guests have asked for a greater array of itineraries and our travel partners have proven that there is pent-up demand for a new Regent ship."

Commenting on the announcement, Fincantieri CEO Giuseppe Bono said: "I am extremely pleased with this new order, which is all the more important because it establishes our global leadership in this sector and strengthens our presence in the luxury segment with the addition of another prestigious brand to our client list, also thanks to the fundamental synergy created by the country through agencies designated to promote Fincantieri exports."

Further details about the ship will be announced in the coming months. For more information, visit RSSC.com.

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