The Finnish state and Meyer Werft have finalised the purchase of the whole share capital of STX Finland Oy from STX Europe Ltd. The company's new name is Meyer Turku Oy. In addition, Meyer Turku and TUI Cruises have agreed on two new options, for Mein Schiff 7 and 8, for delivery in 2018 and 2019.
Meyer Werft laid the keel for what will be Norwegian Cruise Line's largest ship during festivities in Papenburg. At the ceremony, block 35/41, the first of 86 blocks that will comprise the 164,600gt Norwegian Escape, was lifted into the covered building dock, officially marking the start of construction.
The European Sea Ports Organisation gathered with four major European cruise port associations in Barcelona to announce enhanced cooperation between the different organisations representing over 280 cruise ports across Europe.
Singapore Tourism Board (Destination of the Year), Copenhagen Malmö Port (Port of the Year), Bolidt Synthetic Products & Systems (Supplier of the Year), Royal Caribbean Cruises Ltd. (Environmental Initiative) and Excursions Ltd. (Innovative Shorex) were all honoured Wednesday night as winners in the eighth Seatrade Insider Cruise Awards, principal sponsor Fidelio Cruise.
The good news: the Mediterranean market is recovering from economic issues, with even hard-hit Spain turning the corner, and key ports like Barcelona with its current Oasis of the Seas mini-season are proving they can handle cruising's largest new ships.
On the downside, infrastructure is uneven, geopolitical issues dog certain regions, taxation and regulations pose challenges and many European governments fail to appreciate cruising as an engine for economic growth and jobs.
Total ships: 31
Total berths: 100,075
Total Order Book Value:$23,939,948,000.00
Average Price Per Berth:$267,583