- Holland America Line makes three director appointments in fleet operations department
- Windstar Cruises introduces new yacht and voyage collection
- Mein Schiff 3 to improve energy efficiency by about 30%
- Regent Seven Seas makes itinerary changes for fall 2014
- Mein Schiff 1 godmother to celebrate fourth anniversary of ship with gala concert
- Viking launches its ocean project, company rebrands
- Royal Caribbean's Vice Chairman and CFO Rice to retire
- TUI AG to restructure Hapag-Lloyd Kreuzfahrten unit after its deep interim losses
- RCCL to revitalise Voyager of the Seas before 2014-15 Australasia deployment
- High airfares force Carnival Cruise Lines out of Europe 2014
- Australian source market grew 11% to 694,000 passengers in 2012
- Norwegian sees $2.2 billion capex on newbuildings to 2015
Ports & Destinations
- Athens prepares to host Posidonia Sea Tourism Conference
- Norwegian Breakaway makes maiden call to Bermuda
- Study demonstrates that BC cruise ports continue to be an economic hub in Canada
- Ports America awarded operating contract for Port of Los Angeles Cruise Terminal
- Cruise tourism's contribution to Dubai's tourism growth due to grow in 2014
Products & services
- Wallem opens offices in South Africa
- Trimline and Carnival UK agree an on board interior maintenance service for five ships
- Wärtsilä Aquarius ballast water system received final approval
- Wallem opens first hub of expertise in Singapore as it looks to establish strategic maritime locations around the world
- AIDA calls at Lloyd Werft for the first time
- Category: Top Headlines
- Published on Tuesday, 26 June 2012 19:22
- Written by Kari Reinikainen
Saga Cruises, the UK based niche cruise brand, is studying the viability of ordering a newbuilding, said James Duguid, Commercial Director of Saga Shipping, the company that owns Saga Cruises. Experience has shown that major refits can overshoot budget, he pointed out.
"We are looking at ordering a newbuilding,” Duguid told the European Cruise Council’s annual meeting in Brussels. The company's cruise business has grown at a rate of about 15% per year and Duguid said it is realistic to assume a similar growth rate in the future too.
A major upgrade of a second hand vessel will add perhaps 10 years to the economic life of the vessel, but a newbuilding would have a number of features that an existing vessel cannot offer, such as better fuel efficiency and higher grade safety through better redundancy etc, Duguid said.
He revealed that the company had spent £28 million last winter to refit the 37,301 gross ton Saga Sapphire that had been built as Europa in 1982, which was £4 million more than originally intended.
Similarly, a 2010 refit of current Quest for Adventure that had started life in 1981 as Astor of 18,835 gross tons , had cost the company £24 million, again £4 million more that had been planned.
“On Saga Ruby, we spent more on the refit than what we paid for the ship,” he said, referring to the 1973 built 24,294 gross ton ship that was built as Vistafjord.
Oasis of the Seas Coverage
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- Starbucks and Royal Caribbean to offer first ever Starbucks at sea on Allure of the Seas
- Autronica delivers extensive safety system to Allure of the Seas