Monaco-based owner Silversea Cruises has returned to Italian shipbuilder Fincantieri for a third newbuilding.

The "ultra-luxury" Silver Dawn will cost more than EUR 320m ($381m), with delivery scheduled for the fourth quarter of 2021.

It will be a sistership to Silversea’s flagship, the 41,000-gt Silver Muse, which was launched from Fincantieri's Sestri Ponente yard in Genoa last April.

The new order follows just months from the signing of a contract for a second vessel in the series, Silver Moon.

Silversea has 10 cruiseships operational.

“Following the extraordinary success of Silver Muse, we are delighted to announce Silver Dawn as the eleventh ship to join the Silversea fleet,” said Silversea chairman Manfredi Lefebvre d’Ovidio.

"Silver Dawn will bear the same hallmarks of quality that guests currently enjoy on our six-star ships. We look forward to welcoming guests aboard in November 2021.

"It was my father’s dream to grow Silversea to at least a 12-ship fleet; today, we are one step closer to fulfilling his vision”.

Fincantieri CEO Giuseppe Bono added: “It is a great satisfaction for our group to see an ambitious project like Silver Muse establish itself on the market and get the highest appreciation from an exclusive and demanding customer like Silversea, that today confirms his trust in us.

"Thanks to this partnership, based on the quality of the product, our leadership position in the cruise sector is further strengthened, not only from a technological point of view, but also for the commercial ability to find the best agreement with the shipowner”.

The Italian yard group has 44 cruiseships either being built or designed at its plants.