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Norwegian Cruise Line’s F3 may sail after all

Posted by Anita Dunham-Potter On December - 8 - 2008

Seatrade Insider is reporting that Norwegian Cruise Line (NCL) and shipbuilder STX Europe have reached a settlement that allows for the completion of NCL’s F3 vessel. The 150,000-ton, 4,200-berth ship is the biggest ever commissioned by NCL.

According to the report, the F3 newbuild price has increased from the original cost of 735 million euro to 890 million euro ($1.15 billion at today’s exchange rate). This number apparently includes 55 million euro in changes by NCL and a 100 million euro penalty for NCL canceling the second F3 order. STX and NCL are denying any agreement has been reached, but sources say to expect an announcement in the coming days.

In November 2006, NCL announced it would build two F3 ships. A year later, NCL let the option expire, citing the need to price a number of changes that had been made since the order was firmed. In late summer 2008, reports circulated that NCL had walked away from the first F3, which was about 40 percent completed at the shipyard in France. The ship has not been worked on for about four months and was originally scheduled for delivery in March 2010.

Stay tuned for more info on this wild story….

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