Disney Cruise Line adding 2 new ships to its fleet

Last Updated: Friday, March 04, 2016, 10:56 AM EST

Disney Cruise Line is adding two new cruise ships.

The announcement was made Thursday during the company’s annual shareholder meeting.

Disney has entered into a memorandum of agreement with the Meyer Werft shipyard in Germany. According to the schedule, the new ships are expected to be completed in 2021 and 2023.

“We pride ourselves on the unforgettable vacation experiences we deliver to our guests each and every day, and the expansion of our Disney fleet will allow us to create even more magical memories for families at sea and in incredible cruise destinations around the world,” said Bob Iger, Chairman and CEO of The Walt Disney Company.

The names of the two new ships are still in development, as are the design plans. But each new ship will be about 135,000 gross tons — slightly larger than the Disney Dream and the Disney Fantasy — and will have about 1,250 guest rooms.

Disney Cruise Line currently has four cruise ships: the Disney Magic, the Disney Wonder, the Disney Dream and the Disney Fantasy.

Disney Cruise Line celebrated the announcement to build two additional cruise ship with guests onboard the Disney Magic, Thursday, March 3, 2016.  (Disney Cruise Line)