Aker Yards In Dispute Over Cruise Vessel Project

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Aker Yards France is in a dispute with the cruise vessel operator Norwegian Cruise Line (NCL) over the costs of the construction of a cruise vessel. Aker Yards France is in a process to find solutions to the dispute, including a dialogue with NCL and its involved subsidiaries with the objective of establishing an agreement.

The dispute relates to 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 ships of EUR 1 470 million. The vessels are scheduled for delivery in 2010. The dispute is not related to the second of the two ships, named Hull D 33.

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.

Jacques Hardelay, president of Aker Yards France says in a comment “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”.