Carnival Corporation & plc announced that it has signed a memorandum of agreement with Fincantieri S.p.A. to build two new cruise ships with final contracts expected to be executed in early 2017. The two new ships are designated for the company's Holland America Line and Princess Cruise’s brands. With the new agreement, Carnival Corporation now has 19 new ships scheduled to be delivered between 2017 and 2022. Holland America Line's new ship will be built at Fincantieri's shipyard in Marghera, Italy, with an expected delivery in 2021, and the ship for Princess Cruises will be built at Fincantieri's Monfalcone, Italy, shipyard with an expected delivery in 2022.