Shipyard Seeks Loan to Build New Cruise Ship

Press Release
Sunday, December 16, 2012

STX Finland is now lobbying the Finnish government on behalf of Royal Caribbean in a bid to get contract for third 'Oasis-class' cruise ship.

A loan would help facilitate a deal to avoid Royal Caribbean building its third Oasis-class cruise ship in Germany or France.

STX Finland's chief operating officer Jari Anttila commented on the importance of getting a deal done, "We have asked the government to reconsider the financial settlement."

The state owned financing firm, Finnvera, has reached an impasse with Royal Caribbean to securing a loan to allow the proposed ship to be built.

STX is concerned that if a deal is not reached soon between Royal Caribbean and Finnvera, the cruise giant may look to shipyards in Germany or France as alternatives. STX has an advantage in that the first two Oasis class ships were built there and Royal Caribbean prefers that the third ship be built there as well.

 

Categories: Shipbuilding Cruise Ship Trends Finance

Related Stories

USTR Implements Port Fee Proposal

USTR: New Measures Target Chinese Maritime Sector

US Fossil Fuel, Farm Groups Rail Against Trump Port Fee Plan

Current News

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Subscribe for Maritime Logistics Professional E‑News