Vard towards a new ‘expedition’ order
TUI Group's Board approved the construction of a new Hanseatic ship for Hapag Lloyd
Vard could soon increase its orders in the expedition cruise ships sector with a new order placed by Hapag Lloyd.
During the Shareholders' general meeting, TUI Group, of which the company is a subsidiary, announced that its Board approved the construction of a third expedition cruise ship, and that therefore Hapag Lloyd will start “planning and negotiating for another Hanseatic unit”.
Although in its official communications TUI did not refer to Fincantieri's subsidiary explicitly, the most probable counterpart in the negotiations will be Vard as it is already building the first two Hanseatic units for the German company, i.e. Nature and Inspiration, to be delivered in April and October 2019. Taking for granted that the vessel will be built by the Norwegian group, the specialized magazine Cruise Industry News anticipated that the newbuilding will be delivered by 2021.
The agreement for the construction of Hapag Lloyd's two new expedition ships with a length of 138 meters, a width of 22 meters and a 240 passengers capacity (besides 170 crew members) was signed in August 2016. According to Ship2Shore, the company's investment amounted to 150 million euro for each unit.