Lifestyle Product News

Kvaerner Masa-Yards Inc. (KMY), 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.

A new concept in luxury living and travel has been brought to realization with the completion of the much-vaunted ResidenSea ship, The World, which made its service debut at European ports during April. The unique vessel, home to a resort community continuously circumnavigating the globe, is the brainchild of Knut U. Kloster Jr., and is a testament to the Nordic maritime sector's propensity for innovation. Mr. Kloster was former chairman of Royal Viking Line and Norwegian Cruise Lines, and his father was a pioneer in the cruise industry, operating vessels out of Miami in the early 1960s. Several prominent cruise, shipping and hospitality industry investors have joined Kloster in funding the company ResidenSea, registered at Freeport, Bahamas.