New Residential Cruise Ship – Samsung signs $1.1B LOI with Utopia Residences

Reuters reports

SEOUL, Nov 30 (Reuters) - Samsung Heavy Industries (010140.KS) said on Monday that it has won a $1.1 billion order from Utopia Residences, a U.S.-based cruise and hotel operator, to build a luxury cruise vessel.

The South Korean shipbuilder said in a statement it expects to sign the final contract during the first half of next year, with the ship due to be delivered by 2013.

read more

Related Posts

Comments are closed.