The Diamond Princess, which is currently under construction in Mitsubishi Heavy Industries' Nagasaki Shipyard, suffered a major fire on October 1.P&O Princess Cruises and Mitsubishi Heavy Industries have now had discussions following a preliminary assessment of the damage. Both parties confirm that they wish to continue with the construction of the Diamond Princess although there will be a significant delay to the scheduled delivery date. It will take MHI several weeks to complete the examination of the ship and to determine the full extent of the damage to agree a final delivery date. Based on this confirmation, MHI has commenced the preparation work to continue with the construction. MHI has an insurance arrangement of Builders Risk Insurance that covers entire reconstruction work.