June 1983 - Maritime Reporter and Engineering News

Cunard To Buy Norwegian American Cruises In $73-Million Agreement

The Cunard Shipping Group recently announced that an agreement has been reached to purchase Norwegian American Cruises, a subsidiary of Lief Hoegh of Norway, for $73 million.

The agreement includes two luxurious cruise ships, the Sagaf j o rd and Vistafjord. They will join the Cunard fleet in October and will be transferred from the Norwegian to Bahamian registry.

This will increase the Cunard fleet to five cruise vessels, including the QE2.

The 24,292-gross-ton Vistafjord, built in 1973, carries up to 650 passengers, while the 24,109- ton Sagafjord, built in 1965, can carry 550 passengers.

Cunard said that Norwegian American Cruises would continue to book passengers through its own offices and future schedules of the Sagafjord and the Vistaf j o rd would be unchanged. In effect, however, the company would be a subsidiary of Cunard, she said.

The price of the two ships is considerably less than for new ships. Shipyards would ask at least $100 million each for similar ships. Both ships will operate worldwide, offering Caribbean, European, Far East and roundthe- world criuses.

Other stories from June 1983 issue


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