Carnival orders fourth Conquest-class ship

MIAMI -- Carnival Corp. placed an order for Carnival Cruise Lines' fourth Conquest-class ship, scheduled for delivery in fall 2005.

The as-yet-unnamed vessel will be built at the Fincantieri shipyard in Italy for $450 million to $460 million, Carnival said.

The announcement from Carnival came just days after both P&O Princess and Royal Caribbean Cruises Ltd. said they were holding off on placing ship orders.

Carnival said the "attractive price" offered by Fincantieri played a key role in the decision.

"We're so confident in the success of these ships that we have committed a $2 billion investment in the Conquest-class [ships] alone," added chairman and chief executive officer Micky Arison.

At 2,974 passengers and 110,000 GRT each, the Conquest-class ships are the largest in the Carnival fleet. The first, the Carnival Conquest, will begin service from New Orleans in November.

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