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Vard confirms contract for two luxury cruise vessel for Hapag-Lloyd Cruises

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that the contracts for the design and construction of two luxury expedition cruise vessels for TUI Group’s German luxury cruise business Hapag-Lloyd Cruises have been confirmed.

The contracts had been announced on 26 August 2016, with effectiveness of the contracts still subject to customary financing conditions. All conditions have now been fulfilled and the contracts have become effective.

Both vessels are specially designed for cruises in polar regions in the Arctic and Antarctica, but are also prepared for operations in warm water destinations such as the Amazon river. The luxury expedition cruise vessels will be approximately 16,100 gross tons, about 138 meters long and 22 meters wide. Each vessel has seven passenger decks, with accommodation for a total of 230 passengers in 120 cabins and suites. The vessels will also feature a water sports marina and modern spa and fitness areas.

The hulls of the vessels will be built by VARD’s shipyard in Tulcea, Romania, and delivery is scheduled from Vard Langsten in Norway in 1Q 2019 and 4Q 2019 respectively.

Hapag-Lloyd Cruises is a company with a tradition of progress. Owned by TUI Group, the world’s leading integrated tourism business and based in Hamburg, Germany, the company is the German-speaking region’s leading cruise provider in the luxury and expedition segments. 125 years after inventing the very concept of the cruise, Hapag-Lloyd Cruises continues a tradition of innovation in the cruise market, offering passengers outstanding vessels in their class and exciting expedition experiences worldwide. In the 2017 edition of the Berlitz cruise guide, its cruise ships EUROPA 2 and EUROPA have been awarded the highest distinction as the only 5-stars-plus cruise ships worldwide.

 

Source: VARD

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