End of year newbuilding decision for MSC Cruises

MSC Cruises has given itself until the end of this year to decide whether or not to proceed with its delayed €1bn (US $1.4bn) order for two more cruise ships from STX France’s Saint Nazaire shipyard. The company, which announced the order for the two vessels last September, said in December that it wanted to renegotiate their price to take into account of the global recession.

Six months later, however, the company is still not in a position to place a firm order. Last week MSC Cruises took delivery of MSC Splendida from the French shipyard and if this new contract is not finalised the yard faces laying off a large number of workers.  Sphere: Related Content