Silversea Cruises Orders 3 New Ships

October 8, 2018.

Silversea Cruises and corporate partner Royal Caribbean Cruises Ltd (RCL) today announced agreements to build three new ships for the ultra-luxury and expedition cruise brand that recently joined the RCL family.

Silversea signed a memorandum of understanding with German shipbuilder Meyer Werft to build two new vessels in a new “Evolution Class.” The first Evolution-class ship is expected to deliver in 2022.

Silversea also signed a contract with Dutch shipbuilder Shipyard De Hoop to construct a new expedition vessel, named Silver Origin, that will serve the Galapagos Islands itinerary currently sailed by Silver Galapagos. The new ship is expected for delivery in March 2020.

The inflow of capital from RCL was a key factor in the decision by Silverseas to enter into a partnership.

The agreements are subject to certain contingencies which are expected to be completed in the first quarter of 2019.