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Fred. Olsen Cruise Lines looks at newbuildings

Fred. Olsen Cruise Lines, the UK based destinational operator of four ships, is looking at newbuildings, Travel Weekly reports.

Fred. Olsen Junior was quoted as saying: “Just over ten years ago in 2005 we looked at having a new ship but in terms of finances it didn’t make sense at the time. We are looking at it again and we have ships on the drawing board. Any new ships we do produce in the future will be smaller ocean ships which is what we want as a brand and what our customers want.”

Fred. Olsen Cruise Lines is fully owned by Bonheur ASA, a company listed in Oslo that the Olsen family control.

Mike Rodwell, Managing Director of the cruise line said: “We look at opportunities all the time and a new ship is of course an aspiration of ours but it has to make financial sense.”

The company’s present fleet was built between 1972 and 1993. They range in size from about 25,000 to 45,000 gross tons.

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