The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
Based on 30 years’ experience of handling marquee transactions, our expert advice helps companies succeed in this thriving segment of the maritime industry.
Cruise remains a growing segment in the maritime industry: newbuild orders are high and cruise companies enjoy good access to ECA finance and support. Our specialist team continues to handle some of the most important, high profile transactions in the industry.
In addition to finance, corporate, commercial, tax, employment, regulatory and dispute resolution expertise, our exceptional knowledge of the maritime world helps us add commercial value for our clients. We work across the board, from start-up companies entering the market, joint ventures exploring new opportunities, for large established cruise brands expanding their fleets as well as financiers and other key stakeholders.
Having advised on the majority of the cruise projects in the market, our team has recognised depth and strength and the ability to advise on bespoke commercial and operating agreements in this niche area.
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The vessel was formerly operated under the Crystal Cruises brand and owned by a subsidiary of Genting Hong Kong Limited.
Construction is expected to be completed in December 2023 and, when finished, will be the largest cruise terminal in the US.