Norwegian Epic
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Norwegian Epic News > NCL and STX Europe Reach Agreement On F3 Project

The following press release was issued by Norwegian Cruise Line on December 18, 2008:

Norwegian Cruise Line (NCL) and STX France Cruise SA, STX Europe's French shipyard, announced today that they have reached an agreement and are moving forward with the construction of the F3 cruise ship project.

NCL and STX Europe have agreed to revise the original F3 order. STX France Cruise is now building one F3 ship at 150,000-tons with a total of 4,200 passenger berths, representing the largest ship in NCL's fleet. This will mean a continuation of the original hull which is currently in the early phases of construction, with delivery set for late May 2010, as originally scheduled. The planned second vessel, currently only in the preparatory stages, will not be built. Further terms of the agreement were not disclosed.

"With this agreement, we can all focus on completing the new vessel successfully," said Kevin Sheehan, NCL's president and CEO. "We are looking forward to the arrival of our much-anticipated F3 ship as it represents a major step forward for NCL in terms of ship size, design and innovation."

"We are pleased that the ongoing construction of the ship for NCL will continue. We, along with our subcontractors, will now make the necessary adjustments to our plans for this project," said Jacques Hardelay, president of STX France Cruise SA.

To date, information has only been revealed regarding F3's staterooms and nightlife. NCL plans to unveil the full F3 story in the near future.

Today, NCL has the youngest fleet in the industry with 11 purpose-built Freestyle Cruising ships, providing guests the opportunity to enjoy a relaxed cruise vacation on the newest, most contemporary ships at sea.

NCL is presently building a new third generation Freestyle Cruising project known as F3, for delivery in 2010.

STX Europe ASA (former Aker Yards ASA) is an international shipbuilding group with a leading position for deliveries of cruise ships and offshore vessels. The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe ASA comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam, and is also a part owner of three yards in Germany and Ukraine. STX Europe has approximately 16,000 employees. Formerly known as Aker Yards ASA, the group changed its name to STX Europe in November 2008.

STX Europe's principal shareholder, the international industrial group STX, has approximately 39,000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.

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