The Port of Galveston announced today that it has finalized a new agreement with Disney Cruise Line extending preferential berthing agreement rights at the Port for an additional 10 years with an option to renew for two additional five year periods effective November 1, 2018, according to a statement.

The new agreement outlines plans for a shared cruise terminal that will accommodate a ship equal to or larger than the Disney Magic and Wonder class of vessel.

Additionally, it is projected that over the first five years of the potential 20 year agreement, Disney will nearly double its sailings, the port said.

“September 22, 2012 marked the first time ever that a Disney Cruise Line ship set sail from the State of Texas with the maiden voyage of Disney Wonder. The Port has been seasonal homeport to both Disney Wonder and Disney Magic ever since. We are thrilled to be able to continue to give Texas and the southwest region of the United States the opportunity to experience Disney cruise vacations from their own backyard,” said Port of Galveston CEO/Port Director, Rodger Rees. “We are proud to be one of the few selected homeports for Disney Cruise Line.”

“Our guests have loved visiting Galveston and setting sail from this historic port to the western Caribbean, Key West and the Bahamas,” said Jeff Vahle, president of Disney Signature Experiences and Disney Cruise Line. “As we plan to expand our fleet and introduce new experiences and entertainment aboard our ships, we couldn’t be more excited to extend our commitment with the Port of Galveston.”