cruise vessels

Vard signs LOI to build two environmentally-friendly Viking cruise vessels for $750 mil

SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract value of NOK 4.5 billion ($750 million).

Both parties mutually intend to enter into a final contract by mid-2018.

The two vessels are to be developed by Vard Design in Norway while the hulls will be built by Vard in Romania.

Their deliveries are scheduled for the second quarters of 2021 and 2022, respectively.

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