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Supply chain issues delay NCL's third and fourth Prima-class ships

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Mark Kempa told analysts the delays will 'help us over the next couple years with slightly less capex [leaving] more cash for the business'
The deliveries of Norwegian Cruise Line's third and fourth Prima Plus-class ships are delayed an average of three to four months.

'That is 100% as a result of shipyard delays from supply chain constraints,' Mark Kempa, EVP/CFO of Norwegian Cruise Line Holdings, said Tuesday.

Q1 2025 and Q1 2026

The third ship is now expected in first quarter 2025 instead of Q4 2024, and the fourth ship in Q1 2026 instead of Q3 2025.

This will push some expected capital expenditure from 2024 to 2025, which Kempa told analysts will 'help us over the next couple years with slightly less capex [leaving] more cash for the business.'

Revised capex

As a result, the revised newbuild-related capital expenditures for NCLH as a whole, net of export credit financing, are expected to be approximately $0.7b, $0.5b and $0.4b for the full years ending Dec. 31, 2022, 2023 and 2024, respectively.

The Prima-class ships are being constructed by Fincantieri.

Norwegian Prima in August 2023

A couple months back, NCL said the second Prima-class vessel, Norwegian Viva, would be delayed seven weeks, also on supply chain issues. It is now due in August 2023. 

 

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