June 29, 2007
Fred Olsen Cruises to stretch Braemar
Fred. Olsen Cruise Lines Pte. Ltd. which is 50:50 owned by Ganger Rolf ASA and Bonheur ASA, has entered into a contract with the Blohm + Voss Repair GmbH, Hamburg for the lengthening of the cruise vessel MV Braemar by 31.2 meters in May and June 2008.
In addition the vessel will have further balconies added, an increase in the number of suites available and an upgrade to the public rooms. This work will increase the number of lower berths from 727 to 977, an increase of 250. The total cost of this upgrade project, including work undertaken by the yard and by other parties, is estimated to about EUR 60 million.
This investment follows Fred. Olsen Cruise Lines' earlier decision to lengthen and refurbish the MV Balmoral (currently trading as Norwegian Crown).