A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and
A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.
Just how important the segment is to the industry and supply chain may be gauged from the fact that at least three-quarters of the value of European yards’ commercial orderbooks is attributable to cruise vessel construction.
Europe’s in-depth professional and trade skill strengths as regards the ecosystem covering design, engineering, outfitting, and onboard systems, together with adeptness in project management, are fundamental to the market prominence achieved by the leading builders concerned, namely the Fincantieri Group, Chantiers de l’Atlantique, Meyer Werft and Meyer Turku.
Another card in the hand of the European yards is the propensity for an anticipative approach to design and powering. Fuel-flexibility is at the core of new and emerging generations of vessels, extending beyond LNG dual-fuel solutions to embrace ‘greener’ options, such as methanol. The through-life design concept foreseen by builders also affords a wider platform for broader, ongoing technological updating and internal design reconfiguration.
Concerns had been expressed that the elongation of the European cruise vessel
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