Louis plc entered into an agreement with Star Cruises, the parent of NCL Corp., for the purchase of the Norwegian Dream and Norwegian Majesty for $380 million. The two ships will be chartered back to Star Cruises until November 2008 for the Norwegian Dream and December 2009 for the Norwegian Majesty. Louis reported the purchase of the two ships "constitutes the most important renewal and upgrading of the fleet in its 22-year-old history" while enhancing the company's position in the Eastern Mediterranean cruise market. The 51,000-ton, 2,156-passenger Norwegian Dream was built in France in 1992 and underwent a lengthening operation in 1998. It has 875 cabins and suites, 695 of which are outside and 48 that have private balconies. The cruise ship features 10 decks, six restaurants, 11 elevators, two swimming pools, spa and fitness facilities, a two-tiered show lounge, casino, library as well as an array of bars and other public areas.
The 41,000-ton Norwegian Majesty was built in Finland in 1992 and underwent a $53.3 million rebuilding, lengthening and refurbishment in 1999. It can accommodate 1,790 passengers in 731 cabins and suites, 481 of which are outside. The cruise ship features nine decks, five restaurants, six lifts, three swimming pools, spa and fitness facilities, a show lounge, a casino and a library. "This very important expansion in the company's cruising operations is expected to lead to substantially higher profitability for 2009 onwards and at the same time will create new prospects for Louis plc internationally," the company said in a statement.
Source: Modern Agent
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