Meyer Turku Shipyard has signed an agreement to build a third Icon class cruise ship for Royal Caribbean Cruises, the companies announced on Tuesday.
The deal is still subject to financing, but Meyer Turku said construction of the 200,000 gross tonnage cruise ship will begin in spring 2020 and should be ready for delivery by 2025. The estimated pricetag of the deal was not disclosed.
Icon ships are among the first generation of massive sea cruisers to be fully powered by liquefied natural gas (LNG), a fuel which can cut greenhouse gas emissions by one fifth compared to heavy fuel oil.
Meyer Turku sealed a deal to build the first two Icon-class ships for Royal Caribbean Cruises in 2017. Those vessels are scheduled to be delivered in 2022 and 2024.
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Royal Caribbean Cruises Chairman and CEO, Richard Fain, said the company is committed to clean power technologies at sea.
"We've designed a class of ships powered by liquefied natural gas that leverages the latest, environmentally-friendly applications. We believe that innovative shipbuilding can reduce our carbon footprint and boost energy efficiencies to help to build a cleaner future," Fain said in a company release issued Tuesday.
Meyer Turku CEO, Jan Meyer, said he is grateful for the confidence that Royal Caribbean has in the company, even before the first Icon ships have been delivered.
"Icon III further extends our order book until 2025, which gives the shipyard and the Finnish maritime cluster a long term stability, which we need to further develop our capabilities for a future with new emerging and often government owned competition," Meyer said in a company statement on Tuesday.