Virgin Voyages three ship orders firm, financing package due soon
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 19 October 2016 19 October 2016
Virgin Voyages, the new Miami based cruise ship venture in Sir Richard Branson’s Virgin Group in London, says its contract to build three 110,000 gross ton ships at Fincantieri is now a firm order and a financing package to be in place soon.
“Virgin Voyages, backed by lead investors Bain Capital Private Equity and Virgin Group, expects the multi-billion dollar financing package for the purchase of its three ships to be finalised shortly,” the company said in a statement.
“The lead lending partners will be Cassa depositi e prestiti (Cdp) and UniCredit, and the loan will be fully backed by Italian export credit agency SACE and supported by SIMEST, both subsidiaries of Cdp.,” Virgin Voyages added.
The keel of the first ship wikll be laid at the Sestri Ponente shipyard of Fincantieri in Genoa in the final quarter of next year and the ship will enter service with Miami as its base in 2020.
Virgin Voyages teams up with Climeon to convert wastes heat onboard to electricity
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 18 October 2016 18 October 2016
Virgin Voyages, the nascent cruise shipping in Sir Richard Branson’s business empire, said it has teamed up with Climeon, the Swedish technology group, to convert waste heat produced on board its three ships into electricity.
“The smart people at Climeon found a way to efficiently turn heat waste into electricity, saving stacks of C02. So we’re excited to announce our partnership with Climeon. It’s just one thing we’re doing to meet our commitment to launch one of the cleanest fleets to sail the seven seas,” Virgin Voyages said on its relaunched website.
Climeon said on its website that at sea, a large part of the energy in the fuel fed to combustion engines is transmitted as heat to cooling water and exhaust gases, however, with Climeon Ocean it is possible to convert this otherwise lost energy into electricity. “By utilizing your waste heat with a patented technology squeezed into surprisingly small box, you will grow your companies profit whilst helping the environment,” the company said.
“Heat is one of the largest untapped resources in the world with 50% of all energy being dumped as waste heat. With the Climeon Ocean solution on you can convert this waste heat into clean energy. By utilizing waste heat at temperatures below 120°C, the range at which the largest volume of waste heat is found,” Climeon stated.
Virgin Voyages has contracted the Genoa yard of Fincantieri to build three 110,000 gross ton cruise ships that each will have capacity for 2,800 passengers. Construction of the first ship will start next year, Virgin Voyages said.
Virgin renames cruise company Virgin Voyages
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 18 October 2016 18 October 2016
The nascent cruise shipping unit of Sir Richard Branson’s business empire will be called Virgin Voyages rather than Virgin Cruises as first intended, the company says on its relaunched website.
Construction of the first of three ships the company has contracted at Fincantieri in Genoa will start early next year and the keel will be laid in the final quarter of 2017.
The company has said earlier the ships would be of 110,000 gross tons each. virgin Voyages is based in Miami and it has investors from the Us and the Gulf in addition to the UK.
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