Viking Lune, the listed Finnish cruise ferry group, said it has signed a firm contract with Xiamen Shipbuilding Industry Co in China to build a 63,000 gross ton LNG powered cruise ferry.

The contract is subject to the approval of the boards of the both companies and conclusion of financial arrangements. The companies signed a letter of intebt regarding the vessel in the autumn of 2016.

The €194 million vessel is due for delivery in 2020 and the contract includes an option for a second unit.