Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND), the global leader of expedition cruises and adventure travel experiences, today announced that its Board of Directors has authorized the building of a new polar expedition ship. This state-of-the-art vessel, which is anticipated to be delivered in 2021, will be the next phase of Lindblad’s fleet expansion following the launch of the National Geographic Quest in July 2017, the addition of the National Geographic Venture in December 2018 and the delivery of the National Geographic Endurance in the first quarter of 2020.
As demand for high quality and authentic expedition travel continues to accelerate, both through market expansion as well as from sustained investment in their marketing and sales infrastructure, Lindblad is committed to expanding capacity to provide a growing audience with the opportunity to explore the world’s most unique and remote locations.
This will be the fourth polar vessel in the Lindblad Expeditions-National Geographic fleet, joining the National Geographic Explorer and the National Geographic Orion, currently in operation, and the National Geographic Endurance, which is scheduled for delivery in early 2020. The new vessel will be designed as the ultimate expedition platform with a focus on immersing our guests in these amazing geographies.
Sven-Olof Lindblad, President and Chief Executive Officer, said “We are extremely excited to announce the further expansion of our expedition fleet. This is the next step of our long-term growth strategy to capitalize on the expanding demand for high-quality adventure travel. By marrying additional capacity with a dedicated and growing loyal customer base and fifty years of experience, we will be able to build upon our proven track record of delivering unparalleled expeditions to the world’s most remarkable destinations.”
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