MIAMI -- Silversea Cruises has placed an order with Italy's Fincantieri shipyard for a 36,000-ton, 540-person ship, the line's fifth, to be delivered in the fourth quarter of 2009, according to Amerigo Perasso, president of the luxury operator.

Perasso made the announcement at the Seatrade Cruise Shipping Convention here, adding that the line also signed an option for a second vessel.

Silversea said that an "irrevocable banking commitment, fully underwritten", has been obtained by the line and is subject to the final loan agreement. The order is the first for Silversea since 1998. The new ship would increase Silversea's overall fleet capacity from 1,356 berths to 1,896 berths, representing a 40% increase.

Perasso said that the newbuild order "shows great confidence in the luxury segment's potential for greater demand."

Meanwhile, Oceania Cruises Chairman and CEO Frank Del Rio also revealed that Oceania placed a "billion-dollar, multi-ship order" with Fincantieri. He added that further details of the ship order would be revealed soon.

To contact reporter Johanna Jainchill, send e-mail to [email protected].

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