VARD Confirms Expedition Ship Order, Undisclosed Buyer

VARD logoVard has announced that it has signed a Letter of Intent for the design and construction of an expedition cruise vessel for "an undisclosed international cruise company."

Vard is currently building expedition ships for both Ponant and Hapag-Lloyd at its Norway and Romania facilities. Vard is majority owned by Fincantieri.

Developed in close cooperation with the customer, the luxury vessel will be about 145 meters long and 20 meters wide, according to a release, with accommodation for 220 passengers.

The hull of the vessel will be built by VARD’s shipyard in Tulcea, Romania. Delivery is scheduled from one of VARD’s Norwegian yards in 2019.

The contract price is expected to be approximately NOK 1 billion.

The parties have a common intention to enter into a firm contract within 1Q 2017, subject to several conditions being met, including satisfactory financing.

Cruise Industry News Email Alerts



Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

72 Ships | 162,750 Berths | $46 Billion | View

New 2022 Annual Report

Cruise Industry News Annual Report


100% Overview

Capacity Data

Through 2027

Regional Data

Brand by Brand

Order Today

2022 Expedition Report

2022 Expedition Market Report Cover


Mkt. Overview

Supply Data

All Operators

190+ Pages

PDF Download

Order Today