Regent Seven Seas Cruises has placed an order with Italy’s Fincantieri to build another cruise ship. With delivery scheduled in late 2023, the new vessel will be a sister ship to Seven Seas Explorer and Seven Seas Splendour.

Accommodating up to 750 guests, the new ship will be Regent Seven Seas Cruises’ sixth-all-suite vessel.

Details about her itineraries, suites, restaurants, amenities and onboard experiences will be revealed leading up to her 2023 debut. Voyages for the ship’s inaugural season will go on sale in 2021.

“Since debuting in 2016, Seven Seas Explorer has solidified her reputation as the most luxurious ship ever built based on the continuous awards and guest accolades she earns,” said Jason Montague, chief executive officer of Regent Seven Seas Cruises.

“When Seven Seas Splendour’s inaugural season went on sale in April last year, we set a new single-day booking record for our 26-year-old company, demonstrating the anticipation for her 2020 arrival.

“Each new ship is progressively more successful.”

The contract price for the vessel is approximately €475 million. The company has obtained export credit financing with favourable terms to fund 80 per cent of the contract price of the ship, subject to certain Italian government approvals.

Regent Seven Seas Cruises is owned by Norwegian Cruise Line Holdings, which also owns Norwegian Cruise Line and Oceania Cruises.

Oceania recently placed its own with Fincantieri.

“We are excited to build on the spectacular success of Seven Seas Explorer and Seven Seas Splendour as we embark on bringing to life a new vessel that will set an even higher benchmark for elegance, luxury and style,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings.

“This new ship further strengthens our company’s robust yet measured growth profile with vessels now on order for all three of our award-winning brands, enabling us to expand our presence globally, further diversify our product offerings and continue to drive shareholder returns.”

Fincantieri is currently building Seven Seas Splendour at its Ancona, Italy shipyard.