Wednesday, March 16, 2016

Vard to build four luxury cruise ships for Ponant

Shipbuilder Vard Holdings announced it has signed a Letter of Intent (LOI) for the construction of four luxury expedition cruise vessels for French cruise company Ponant.

The new series of vessels will be developed by Vard, Ponant and Fincantieri.

The vessels are luxurious expedition cruise vessels, designed for voyages to exotic destinations and remote ports only accessible to small capacity ships.

The ice-class expedition cruise vessels will be 10,000 gross tons, about 128 metres long, 18 metres wide and will have a cruise speed of 15 knots.

Each vessel can accommodate 180 passengers (92 cabins) and a crew of 110.

The vessels will be equipped with luxury facilities on board.

Delivery is scheduled from Vard in Norway in the period summer 2018 to summer 2019.

Vard shares closed at 19 cents on Tuesday.

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