Polar Cruise Enterprises, a new Norwegian-Finnish venture, is planning to build an ice breaking cruise liner at the Rauma yard of STX Finland, a Finnish media report says.

 The venture plans to construct a ship with accommodation for 240 passengers and a crew of 70.

“Calculations regarding profitability have been made on the basis of a vessel of the same size that is already in service,” Petri Kangasvuo, spokesman for the company, was quoted by the Lansi-Suomi daily as saying.

“It would be best if the vessel could be constructed without debt financing. For that reason, the project needs additional investors. Of course, we will also apply for an innovation grant from the (Finnish) state,” Kangasvuo stated, adding that the project has already attracted a number of investors.

The planned vessel would be built to the highest ice class and it would mostly be used in the Arctic, the report said.