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Morningstar Research
Analyst Report: Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line is the world’s third-largest cruise company by berths (at nearly 60,000), operating 28 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. With nine passenger vessels on order among its brands through 2027 (representing 24,000 incremental berths), Norwegian is growing capacity faster than its peers, expanding its brand globally. Norwegian sails to more than 490 global destinations.