Carnival Corporation‘s (NYSE:CCL) share price dropped on Monday after the company confirmed an order for two new vessels for its German brand.

Under the agreement with Italian shipbuilder Fincantieri, the ships—designed to run on multiple fuel types—will be constructed and are scheduled for delivery in the first quarters of fiscal years 2030 and 2032.

These ships will represent a new class of mid-sized cruise liners. CEO Josh Weinstein noted that with the latest order, Carnival Corporation now has a total of eight new ships in its construction pipeline, slated for delivery through 2033.

This includes the Star Princess, set to debut this year. One new vessel will follow each year from 2027 through 2033.

Felix Eichhorn, president of Rostock, Germany-based AIDA Cruises, said the ships have approximately 2,100 cabins each.

On Saturday, Carnival Cruise unveiled a series of upcoming initiatives aimed at enhancing guest experiences over the next five years.

These plans include the introduction of new ships, fleet upgrades, strategic deployment changes, and exclusive destinations.

The Carnival Festivale is expected to launch in spring 2027 from Port Canaveral, Florida.

The company also announced that its fifth Excel-class vessel, Carnival Tropicale, will be delivered in spring 2028.

Going forward, Carnival plans to develop a new class of mega-ships under the Project Ace initiative. Each weighs 230,000 gross tons and is scheduled for delivery in 2029, 2031, and 2033.

Investors can gain exposure to the stock via Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ) and Invesco Leisure and Entertainment ETF (NYSE:PEJ).

Price Action: CCL shares are down 2.24% at $16.13 at the last check Monday.

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