Tuesday, October 14, 2008

Aker Yards France and Norwegian Cruise Line in cruise vessel dispute

Aker Yards France is in a dispute with cruise vessel operator Norwegian Cruise Line (NCL) over the costs of the ongoing construction of the vessel currently named C 33.

This is the first of two vessels ordered by NCL in 2006, with a total value for both at Eur $1,470 million (US$1,991.4 million). The vessels are scheduled for delivery in 2010. Jacques Hardelay, president of Aker Yards France, said: "In projects with this magnitude of complexity, we have in this industry several examples that discussions arise during the project execution. We regret that we have a situation with a dispute. “While we are in the middle of this process, it would not be correct to speculate on the outcome, or on possible alternatives. Our focus is to find a solution, including continuing the planned activities at our yard in Saint Nazaire". While the process to find a solution is ongoing, Aker Yards France aims at continuing the ongoing work on the C 33 vessel, which is approximately 25 percent complete.
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