Delayed delivery of Costa Smeralda, an LNG powered cruise vessel of Costa Crociere, together with provisions for further losses on the orderbook dragged Meyer Turku, the Finnish cruise ship builder, to a deep loss in 2019.
The company made a loss of €109.7 million last year, compared to a profit of €29.0 million in 2018, while net sales increased to €1.14 billion from €967.0 million.
“Ship project Costa Smeralda was delayed due to difficulties with the shipyard’s substantial ramp-up until today and the ship’s size & complexity. The losses are mainly related to delayed delivery of Costa Smeralda and reservations for the coming years,’ the shipbuilder said in a statement.