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MEYER WERFT RECEIVES INTEREST IN RESIDENTIAL CRUISE SHIP

MEYER WERFT RECEIVES INTEREST IN RESIDENTIAL CRUISE SHIP

Monday, August 2, 2021 

A company known as Ocean Residences Development (ORD) has engaged Meyer Werft of Germanyt to complete an 84,800gt residential megayacht vessel, to be named M/Y Njord, with 117 apartments, by the end of 2025. subject to finance being obtained.

The ship with a length of 289.30m, width of 33.50m, and speed of 21 knots, will accommodate about 1000 people (crew and passengers). The vessel will be designed to meet the most stringent environmental requirements both on delivery and further down the line. The vessel will be powered by LNG engines with a hybrid battery system and has heat recovery systems and advanced energy management systems on board. To future-proof the vessel, the engines and fuel tanks will be prepared for easy conversion to future fuels with lower or neutral carbon footprints. Unlike classic cruise ships, prospective buyers here will purchase the suites or apartments on board, giving it the character of a private yacht.

The ship's purpose is to become home to a community who share a passion for travel, adventure and discovery. As a vessel with a philanthropic purpose, she is equipped to conduct scientific and oceanographic research wherever she travels, supporting charities, missions and urgent causes. In collaboration with oceanographic research organisations and scientific groups, M/Y Njord will fund research projects that help advance global ocean science, contributing to a better understanding of the complex systems that make up the planet.

Kristian Stensby, Chairman and CEO, ORD, said: "We are fortunate to have the opportunity to partner with Meyer Werft, a company that has kept its shipbuilding company on course for 226 years - that's seven generations - and who is a world leader in building innovative and complex passenger vessels with a stellar reputation for exceptional quality, precision and on-time deliveries."

The company says the project is experiencing high demand for reservations.

"This is another very important step for securing the location in Papenburg. With the new order, we are expanding our portfolio of ship types and can thus also improve the previously difficult prospects, especially for the years 2024/2025. This order is urgently needed to ensure that the decline in capacity utilisation will not be even greater than 40% in these years. Many different measures and new orders are absolutely necessary for the company's programme for the future," said Thomas Weigend, MD Meyer Werft.

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