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Old July 21st, 2004, 02:02 PM
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Default New Residence Ship - operated by Four Seasons

Press Release from the Kvaerner Masa Yards (Shipbuilding)
Regarding a new ship to be operated by Four Seasons Hotel and Resort - thought some ppl might like to see this

Source: http://intro.masa-yards.fi/

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16 Jun 2004,
Kvaerner Masa-Yards Inc. signs conditional contract for residence ship



Kvaerner Masa-Yards Inc potentially to build Luxury Residence Ship to be operated by Four Seasons Hotels and Resorts

HELSINKI, Finland, 15 June, 2004 – Kvaerner Masa-Yards Inc. (KMY), has signed a conditional contract with FS Ocean Club Ltd., managed by Ocean Development Group, to design, construct and deliver an approximately 42,500 Gross Ton luxury residential ship to be branded, managed and operated by Four Seasons Hotels and Resorts. The ship, to be named the M/S Four Seasons, will be approximately 200 meters in length and will feature approximately 100 spacious residences varying from 125 square meters to 320 square meters.

“KMY is excited to have the opportunity to work with both Four Seasons and Ocean Development Group on this new project,” said Mr. Yrjö Julin, President and CEO, KMY. “With our combined experience, we are sure that M/S Four Seasons will promote the new residential lifestyle that can be offered at sea.”

The value of the contract is approximately €276 million and will, when confirmed correspond to about two thousand man-years employment at KMY and its suppliers and subcontractors. KMY has built more than 25% of the world’s modern passenger ship fleet, and enjoys an unprecedented on-time delivery record. Construction of the M/S Four Seasons, which is anticipated to take 24 months to complete, will commence when sales targets for the residences have been reached, which is expected to occur before July 2005.

The agreement includes an option to contract a similar vessel to be exercised within year 2005 as soon as the sales targets for residences have been reached for the second vessel.

“The signing of this conditional contract with KMY and our agreement with Four Seasons are significant milestones in our plan to create a unique residential community at sea,” said Chairman and CEO of Ocean Development Group, Mr. Kristian Stensby. “The development in recent years of branded luxury residential resort communities has shown there is great potential demand for the unique lifestyle experience we will offer.”

“We are excited to expand our residential portfolio with this new and visionary lifestyle product,” added Kathleen Taylor, President, worldwide business operations, Four Seasons Hotels and Resorts. “The M/S Four Seasons will offer our guests the opportunity to experience the Four Seasons lifestyle in locations where we do not currently have a presence, and will become a showcase for the highly personalised service for which Four Seasons is renowned.”

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Old July 21st, 2004, 02:16 PM
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Default Re: New Residence Ship - operated by Four Seasons

Tyler, I highly doubt it will be successful really quickly. Remember THE WORLD condominium ship? The company went bankrupted and the residences brought the ship...

Anyhow thanks for the news!

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Old July 21st, 2004, 02:46 PM
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Default Re: New Residence Ship - operated by Four Seasons

I disagree, look at Raddisson, they have a chain of luxury hotels and they can manage a cruiseline.

Also, 4 Seasons is a huge company, vs. World who was just one guy who tried something!

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Old July 21st, 2004, 04:49 PM
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Default Re: New Residence Ship - operated by Four Seasons

Dan, Radisson merged with Seven Seas Cruises...before that Radisson was struggling.

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Old July 22nd, 2004, 07:08 AM
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Default Re: New Residence Ship - operated by Four Seasons

small ship. Wonder what there would be as far as entertainment and keeping people busy. I dunno if i would want to spend long periods of time on it.
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