Friday, December 5, 2008

Mitsubishi stalls plans for cruise ship newbuilds

Japan’s Mitsubishi Heavy Industries has postponed plans to return to cruise ship building.

The announcement came as a major cruise liner operator, reported to be Carnival Corp, delayed orders on two vessels. Mitsubishi was scheduled to return to the cruise ship building industry as early as 2012; the company put the brakes on receiving orders after a fire broke out on the ‘Diamond Princess’ while it was being constructed at Mitsubishi’s Nagasaki yard six years ago. However, Mitsubishi decided to kick start building cruise vessels again when it identified a sharp increase in cruise ship demands in the US and Europe. The vessels in question were to be large cruise liners capable of accommodating over 1,000 passengers, and would have been delivered in 2013.
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