Page 2 - 2025 Expedition Report
P. 2
EXPEDITION
Market
TABLE OF CONTENTS
10
Executive Overview ...................................................10
Introduction Story: Market Overview ................................10
Breakdown: Expedition Ship .............................................16
Executives: Quoted ............................................................18
Key Players ...........................................................................20
New Ship Orderbook .........................................................32
48 Berth Prices .........................................................................34
New Expedition Ships ........................................................38
Market Capacity / Supply Data ...............................48
Expedition Capacity Infographic .......................................48
Market Capacity 2018-2033 ............................................50
2025-26 Antarctica Season Capacity ..........................55
2025-26 Antarctica ‘Big Ship’ Capacity ....................... 56
2024-2026 Arctic Capacity .............................................. 57
184 2019-2030 Market Overview by Operator ...................62
Expedition Fleet Listings.....................................................75
Ships Exiting the Market ..................................................... 78
Ships in Limbo ...................................................................... 79
Recent Ship Transactions ..................................................80
Capacity Breakdown: Company and Ship .....................82
Capacity Breakdown: Regional Market Reports ........110
Capacity Breakdown: Fleet Deployment by Brand ... 134
Editorial Coverage ....................................................184
Lindblad: One-Stop Shop for Adventure Travel ....... 184
Viking: Exploration and Discovery in Comfort ........... 188
Quark: Polar-Focused .......................................................192
HX: Legacy of Explorations ............................................ 196
SunStone: New Standards ..............................................200
Ponant: Multicultural Cruising ........................................ 204
Ponant: Icy Siren Song Calls Captain Devorsine .... 208
Ponant: 400+ Options .....................................................210
Hurtigruten: Adventure Experience ................................212
8 Cruise Industry News: 2025 Expedition Market Report
