Aker Yards to Build Residential Cruise Ship

Residential Cruise LineLtd. (RCL), has signed a Memorandum of Understanding (M.O.U.) with Aker Yards to build the world's largest residential cruise ship, the Magellan. Designed by the internationally acclaimed Norwegian firm of Petter Yranand Bjorn Storbraaten Architects A.S., the Magellan offers fractional and full-ownership of luxuriously appointed residences and penthouses as well assuch unprecedented amenities as a full-service retractable marina, on-call private Bell 429 helicopters, a 450-seat satellite broadcast capable theater and 24-hour on-call concierge service to name just a few. Private residences on the Magellan range in price from $1.875m to $8m for penthouses and from $156,250 for fractional ownership residences.