Norwegian Cruise Line Holding to release four oldest ships from fleet in optimisation focus

Norwegian Cruise Line Holdings, the parent company of Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, has announced the execution of long-term charter agreements with Cordelia Cruises and Crescent Seas.

The charter agreements, each inclusive of purchase options, will see the four oldest vessels across its three brands released from the fleet as it looks to optimise operations for greater efficiency and revenue.

Norwegian Sky and Norwegian Sun will be chartered by Cordelia Cruises in India, while Seven Seas Navigator from Regent Seven Seas Cruises and Insignia from Oceania Cruises will be chartered to Crescent Seas, a residential cruise line.

Both charter agreements will commence from 2026 and 2027, according to a release.

“These agreements are a testament to our disciplined approach to fleet optimisation. By strategically repurposing these vessels into markets and uses outside of our core business, we continue to generate value for our shareholders while focusing on a modernised fleet that enhances our guests’ vacation experiences,” said Harry Sommer, President and CEO of Norwegian Cruise Line Holdings. 

“We’re thrilled that Norwegian Sky and Norwegian Sun will begin new chapters in the Indian cruise market through a long-term agreement with Cordelia Cruises, a leading operator in the region who we look forward to collaborating with into the future. We’re also pleased that our Regent Seven Seas Cruises and Oceania Cruises ships will continue to sail around the world,” he added.

The agreements are for:

Two Norwegian Cruise Line vessels, Norwegian Sky and Norwegian Sun, to be chartered to Cordelia Cruises, a premium cruise operator based in India. The charters are anticipated to begin in 2026 and 2027, respectively.

Seven Seas Navigator from Regent Seven Seas Cruises and Insignia from Oceania Cruises will be chartered to Crescent Seas, a residential cruise line. These charters are anticipated to begin in 2026 and 2027, respectively.

Norwegian Cruise Line Holdings has 12 ships on order through 2036 across its three brands—including seven for Norwegian Cruise Line, three for Oceania Cruises, and two for Regent Seven Seas Cruises. 

These newbuilds will bring innovative design and elevated guest experiences, ensuring that the company’s portfolio remains at the forefront of the cruise industry.