Page 6 - 2025 Secondhand Market Report

Norwegian /

Norwegian Cruise Line Holdings

Strategy Shift and Four

Vessel Transactions

orwegian Cruise Line Holdings has shifted strategies on “By transitioning these ships into markets outside our core
Nfleet management across its trio of cruise brands. business with established operators in their respective areas, we’re
On March 21 it was revealed that the Regent Seven Seas Navi- able to unlock value from these assets while remaining focused
gator was heading to Crescent Seas, while on April 3, the same on delivering a consistent, high quality experience across the
start up announced it had also acquired the Oceania Insignia. remainder of each fleet in our three brands.”
Four days later, the Norwegian Sky and the Sun were chartered Prior to the ship moves, the company would have had an av-
off to Cordelia Cruises. erage fleet age of 15 years for the Norwegian brand, and 14 for
“These agreements are a clear reflection of our disciplined Oceania and Regent by 2030. The ship moves bring the average
long term approach to fleet optimization,” said Harry Sommer, fleet age down to 14 for Norwegian and 13 for both Oceania
president and CEO of Norwegian Cruise Line Holdings, speaking and Regent by 2030. 
on the company’s (2025) first quarter earnings call.

Seven Seas Navigator Transaction Date:

Brand: March 2025
Regent Seven Seas Cruises
New Operator: Transfer Date: 2026
Crescent Seas

Year Built: Capacity: Tonnage:
1999 490 28,500

10 Cruise Industry News: Secondhand Market 1983 – 2025