Kvaerner Masa-Yards May Get $1.2B Carnival Deal

October 11, 1999

Rumors have it that Kvaerner Masa-Yards is on the brink of bringing in a $1.2 billion deal to build three new cruise ships for Carnival. The shipyard, which has been for sale by parent Kvaerner ASA since earlier this year when the company announced it would dump shipbuilding altogether, is currently set to deliver the world’s largest cruise ship ever built, Royal Caribean’s Voyager of the Seas, in about one month. Further, the new contract would more than likely strengthen the bid by current management – led by Martin Saarikangas – to buy the shipyard from Kvaerner. As of Monday, October 11, there was no official word from either the shipyard or Carnival.

Kvaerner Masa-Yards May Get $1.2B Carnival Deal

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