Hyundai Looking to Buy Ship, Return to Cruise Industry

Hyundai Merchant Marine may be 30 days or less away from buying a cruise ship, according to a report in the Korea JoongAng Daily.

The article states that Hyundai is looking to sail a second-hand ship from China to South Korea and other destinations, partnering with other companies on the investment and operations.

The vessel’s price is listed at approximately $166 million, leading to speculation that this ship may be mid-sized and relatively new, compared to what else may be available.

Hyundai last sailed pilgrimage-style voyages from South Korea to North Korea over a decade ago.

Prior to that, the company signed an agreement with Carnival Corporation to collaborate on Carnival Asia in 1996, but the agreement was terminated a year later due to differing views on market entry and business models.

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

54 Ships | 122,002 Berths | $36 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Pre-Order Offer
  • Order Today