Titanic II projected service entry postponed by two years to 2018
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 19 June 2014 19 June 2014
The projected entry into service of Titanic II is now scheduled to take place in 2018 rather than 2016 as originally envisaged, according to Clive Palmer, owner of Blue Star Line Pty Ltd, the Australian company that plans to build the ship in China.
“The first project development phase has been completed,” said Palmer, owner of Blue Star Line. “Currently the focus is on the evaluation and the project master plan development and more information will be available once this phase is completed."
"Titanic II is scheduled to be launched from its construction base in China in 2018, before her maiden passenger voyage retracing its original journey from Southampton to New York,” he said in a statement.
Fincantieri launches IPO, values company at up to €1.24 billion
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 16 June 2014 16 June 2014
Fincantieri, the Italian state owned shipbuilder that is major builder of cruise ships, has launched initial public offering (IPO) of shares, with an aim to list on Borsa Italiana in Milan, the bourse said in a statement.
Shares in the shipbuilder would be offered to investors in an upcoming initial public offering at an indicative price of €0.78-€1.0 euros per share, making for a market capitalisation of €969 million to €1.24 billion.
Fincantieri said that a maximum of 703.98 million shares would be sold through the offering, which is set to run from next Monday until June 27. While the maximum indicative price is binding, Fincantieri said that the minimum is not.
Wybecke Meier appointed new TUI Cruises’ CEO
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 16 June 2014 16 June 2014
Wybecke Meier has been appointed new chief executive officer of TUI Cruises, the Hamburg based premium market cruise shipping company. She will assume her position on 1 October and she follows Richard Vogel, who resigned last week.
She comes from outside the TUI group and she has worked in the travel industry for many years.
Mein Schiff 3, the first newbuilding of TUI Cruises, which is 50% owned by Royal Caribbean Cruises Ltd (RCCL) and 50% by TUI AG, was named in Hamburg on Thursday. The 99,300 gross ton vessel will be followed by a sister ship next spring. The first two ships of the company were transfers from Celebrity Cruises.
Richard Fain, chairman and ceo of RCCL, said in a statement that TUI Cruises has not moved from stage of establishing and building up its business to stage of expansion.
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