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Miami-Dade County approves agreement with Norwegian Cruise Line

MIAMI (April 10, 2018)

Norwegian Cruise Line Holdings Ltd. (together with NCL Bahamas Ltd.) and Miami-Dade County have reached an agreement to amend and restate a cruise terminal agreement incorporating the construction of a new Cruise Terminal B at PortMiami.  
Last year PortMiami served more than 5.3 million travelers, more cruise passengers than any other port in the world.  

This new agreement guarantees the county a minimum of 1.3 million Norwegian Cruise Line (Norwegian) passenger moves annually, solidifying Miami as its exclusive homeport in South Florida.  This Minimum Annual Guarantee is expected to generate approximately $24 million in gross revenues starting Fiscal Year 2018, with an increase of three percent annually throughout the life of the agreement.

With the increase in cruise calls, approximately 155 new direct full-time jobs will be created.

The new cruise terminal will be able to accommodate vessels carrying 5,000 passengers. A ground breaking ceremony is scheduled for Thursday, April 26th at 10 a.m. Construction is set to be completed in the fall of 2019 on schedule to receive the Norwegian Encore, the newest ship of the Breakaway Plus class - the most successful class in Norwegian Cruise Line history.

“Investing in PortMiami's infrastructure positions Miami as a global destination for visitors," said Miami-Dade County Mayor Carlos A. Gimenez. "The construction of a new cruise terminal with the capacity to berth an additional 5,000-passenger cruise ship represents thousands of jobs and increased opportunities for our community. We are grateful for Norwegian Cruise Line's continued partnership.”

"PortMiami is proud to be recognized as the Cruise Capital of the World, welcoming more passengers than any other port in the world," said Chairwoman of the Miami-Dade County Economic Development and Tourism Committee Rebeca Sosa.

"Norwegian Cruise Line's partnership is a big win for the growth and expansion of tourism in Miami-Dade County. We are honored by our partner's commitment to PortMiami and Miami-Dade County."

“We are excited to partner with Miami-Dade County, the architects at Bermello Ajamil & Partners, and the team at NV2A and Haskell to create a modern and innovative terminal that will soon welcome guests to a premium experience that begins even before they embark and fully immerse themselves in what it means to cruise with Norwegian,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.


About PortMiami
PortMiami is among America's busiest ports and recognized across the globe as the Cruise Capital of the World and Global Gateway. PortMiami contributes more than $41.4 billion annually to Miami-Dade County and generates 324,000 direct, indirect, and induced jobs.  For more information please visit www.portmiami.biz.  

About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.

With a combined fleet of 25 ships with approximately 50,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce seven additional ships through 2025, and has an option to introduce two additional ships for delivery in 2026 and 2027.

Norwegian Cruise Line is the innovator in cruise travel with a 51-year history of breaking the boundaries of traditional cruising.  Most notably, Norwegian revolutionized the cruise industry by offering guests the freedom and flexibility to design their ideal cruise vacation on their schedule with no set dining times, a variety of entertainment options and no formal dress codes. Today, Norwegian invites guests to enjoy a relaxed, resort- style cruise vacation on some of the newest and most contemporary ships at sea with a wide variety of accommodations options, including The Haven by Norwegian®, a luxury enclave with suites, private pool and dining, concierge service and personal butlers. Norwegian Cruise Line sails around the globe, offering guests the freedom and flexibility to explore the world on their own time and experience up to 27 dining options, award-winning entertainment, superior guest service and more across all of the brand’s 15 ships.

Celebrating its 15th anniversary in 2018, Oceania Cruises is the world’s leading culinary- and destination-focused cruise line. The line’s six intimate and luxurious ships which carry only 684 or 1,250 guests offer an unrivaled vacation experience featuring the finest cuisine at sea and destination-rich itineraries that span the globe. Expertly crafted voyages aboard designer-inspired, intimate ships call on more than 450 ports across Europe, Alaska, Asia, Africa, Australia, New Zealand, New England-Canada, Bermuda, the Caribbean, Panama Canal, Tahiti and the South Pacific and epic Around The World Voyages that range from 180 to 200 days.  
Regent Seven Seas Cruises offers the industry’s most inclusive luxury experience aboard its all-suite fleet. Seven Seas Mariner’s 2018 dry-dock refurbishment will conclude the line’s $125 million refurbishment program to elevate the elegance of the whole fleet to the standard set by Seven Seas Explorer. In early 2020, Regent will perfect luxury with the launch of Seven Seas Splendor. A voyage with Regent Seven Seas Cruises includes all-suite accommodations, round-trip air, highly personalized service, exquisite cuisine, fine wines and spirits, unlimited internet access, sightseeing excursions in every port, gratuities, ground transfers and a pre-cruise hotel package for guests staying in concierge-level suites and higher.