Regent Seven Seas Cruise has signed a deal with Italy’s Fincantieri shipyard to build what it describes as “the most luxurious cruise ship in the era of modern cruising” with delivery scheduled in summer 2016. The new ship, which will accommodate 738 guests, will be named Seven Seas Explorer and will be the luxury line’s third all-suite, all-balcony ship. At 54,000 gross-registered tons, Seven Seas Explorer will be the largest vessel in the Regent Seven Seas Cruises fleet. The contract price for the vessel is approximately US$450 million, making Seven Seas Explorer the most expensive luxury liner ever built. Financing for the project is being arranged by Credit Agricole Corporate and Investment Bank with support from SACE, Italy’s export credit facility. Frank J. Del Rio, Prestige Cruise Holdings chairman and CEO, said: “This new ship order represents an exciting time of growth for our company as we build the next generation of cruise ships for the world’s most inclusive luxury cruise line. Seven Seas Explorer will be the most luxurious cruise ship ever built, boasting one of the highest space ratios and staff-to-guest ratios ever seen in the modern era of cruising enabling us to deliver the highly personalized service and extraordinary experience that is the hallmark of the Regent brand.” With the addition of the Seven Seas Explorer, Regent Seven Seas Cruises’ overall fleet capacity will grow nearly 40%, making the brand the world’s largest luxury cruise line. Sail on over to for more.