There has emerged the possibility of South Korean shipbuilders participating in the newbuilding talks with UK-based Saga shipping as they aim to enter the passenger ship sector.
Saga Shipping seems to be sounding out not only European but also South Korean yards on its plans to build three-four passenger ship newbuildings. STX Shipbuilding, which recently has become the potential newcomer in the sector with the acquisition of Aker Yards, appears to be among the candidate yards for Saga. Saga is studying the plan to build passenger ships along with an option to purchase second-hand vessels primarily to replace the 1965-built 24,000-GRT 'Saga Rose'. If Saga is to opt for newbuildings, they will likely be 30,000-40,000-DWT, a little larger than the existing ship, and have a passenger capacity of 700. Saga has already inquired with shipyards about their slipway schedules. One of the most knotty problems Saga faces in pushing ahead with its plans is delivery. Saga is seeking a near-term delivery by 2010 since the revised SOLAS Convention requires a newbuilding to be equipped with much tighter anti-fire prevention measures.
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