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Axing Ship Costly to Norwegian Cruise Line

(April 2009) posted on Fri Apr 03, 2009 EDT


Canceling a contract to build a second F-3-class ship cost Norwegian Cruise Line $128.8 million, Travelmole.com reports. An "impairment loss" for that amount for scrubbing plans for a sister ship to the Norwegian Epic was disclosed in the 2008 results from part-owner Star Cruises Group.

NCL Corp., the Bermuda-based parent of Norwegian Cruise Line and NCL America, originally ordered two F3 ships in 2006 with an option for a third. But late last year, the second ship was canceled at the STX Europe yard in France and the company decided against taking up the option on the third.


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