Page 39: of Maritime Reporter Magazine (November 1999)

(Continued from page 36) on, is scheduled for Sept. 15, 2000. voyage is fully booked and waitlist-A trans-Atlantic trip from Lisbon to v York is also scheduled, followed by cruises down the Atlantic coast to Caribbean. The ship will spend the titer traveling the coasts of Brazil, gentina, Uruguay and Chile, silver Mirage is scheduled for deliv-y in June 2001. In December 2001, The World of Res-lenSea, the world's first ocean-going lxury residence, is scheduled for deliv-ry. Silversea Cruises recently signed a ontract with ResidenSea Ltd. to be ©sponsible for the maritime and hotel management of the $262 million, 40,000-grt vessel made up of 110 pri-vately owned residences and 88 guest suites. Silversea will be completely responsible for the sales and marketing of the guest suites, and serve as a con-sultant during the ship's construction at Norway's Fosen Mek Verksteder A/S Shipyard. "The alliance with Resi-denSea was a natural one for Silversea to consider," said Smith. "As purveyors of luxury, both companies have a clear understanding of what today's affluent traveler wants, and each approaches the market with innovation and creativity. Our shared high standards of excellence will ensure a dynamic lifestyle for the residents and a unique travel experience for the visiting guests." Smith added, "The strength of this alliance introduces a whole new aspect to the cruise indus-try. The opportunities for the cross-sell-ing and marketing of products between Silversea's ships and 'The World' will only serve to expand awareness of the ultra-luxury cruise market." ResidenSea's CEO, Fredy M. Dellis, said, "Silversea was specifically select-ed to manage this project because of its stellar international reputation and its commitment to excellent service and attention to detail. Silversea is recog-nized as an innovator in the ultra-luxury Carnival Enters Final Negotiations For Newbuildings Reports that Carnival may have ordered as many as eight new ships worth $3 billion seem to be inaccurate, says a recently released cruise industry review published by Lazard Freres & Co. However, Carnival is reportedly very close to closing a deal for three new ships (with options for two more) for Holland America Line. After discussions with Samsung, the con-tract seems to have shifted back to Fin-cantieri, which constructed most of the HAL fleet. The newbuildings are expected to have 1,800 berths, with as much as 90 percent of the cabins having verandas. Another order, reported to have been made with Kvaerner-Masa, also appears inaccurate, said Lazard Freres. It may have been confused with an existing order for three ships, known as the Project 8000 or Spirit class. November, 1999 Circle 320 on Reader Service Card 39 LOOK FOR THE GRID... FIND FERNSTRUM QUALITY market, as is ResidenSea, and the syner-gies between the two companies will create a very powerful business partner-ship." The development of The World of ResidenSea has been enthusiastically received by the residents and the poten-tial purchasers, as well as by the inter-national investment community. Sil-versea is an equity partner in the project, which is now fully financed by promi-nent investors from the cruise, shipping and hospitality industries, including: ResidenSea founder Knut Kloster Jr.; Bryn Skaugen, whose family played a role in establishing and developing Royal Caribbean Cruise Lines; Petter C.G. Sundt, of Bergesen d.y. ASA; Atle Bergshaven, owner of one of Norway's leading ship management companies and former vice president of the Norwe-gian Shipowners' Association; and Einar Nagell-Erichsen, a leading Nor-wegian hospitality and travel industry developer. Further international invest-ment capital has been provided by Con-tinental Casualty Company, one of America's largest insurance companies and a wholly owned subsidiary of CNA Financial Corporation. The company's financial institutions and advisors, West LB and the Center Group, have jointly arranged and sup-ported the financing. R.W. FERNSTRUM & COMPANY 1716 11th Avenue, Menominee, Ml 49858 Ph: 906-863-5553 Fax: 906-863-5634 E:mail: [email protected] They looked for the Grid. That's right, they all chose the Fernstrum GRIDCOOLER keel cooler to meet their engine's cooling needs. They know that the Fernstrum GRIDCOOLER keel cooler has proven to be the most dependable and cost efficient form of keel cooling available. Over 50 years ago, Robert Fernstrum set out to design a keel cooling system for U.S. Military landing craft. Today, the GRIDCOOLER keel cooler is known by coundess customers around the world for its durability, efficiency and ease of installation. With well over 20,000 models to choose from, Fernstrum has a keel cooling solution that's right for your application. Don't take chances with your engine's durability. Do it right the first time...Use Fernstrum GRIDCOOLER keel coolers. FERN STRUM GRIDCOOLER