Silversea Cruises signed a contract with Fincantieri to build the Silver Moon, a sister ship to the Silver Muse, for delivery in 2020.

The order for the ship is valued at about $372 million at current exchange rates.

The newbuild, which will expand Silversea's fleet to 10 ships, will displace 40,700 gross tons and carry 596 guests at double occupancy.

The Silver Muse, Silversea's first new ship since 2009, entered service last April.

"Based on the high praise Silver Muse has earned with our guests, we are eager to build on our flagship's success and move forward with a sister ship, which will bring us closer to fulfilling my father's dream of a 12-ship fleet," Silversea chairman Manfredi Lefebvre d'Ovidio said.

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