Norwegian to buy cruise ship from shareholder

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Norwegian Cruise Line has signed a memorandum of agreement to exercise its option to purchase the 2,000-passenger Norwegian Sky.

The line has operated the Norwegian Sky under a bareboat charter with a purchase option from Ample Avenue, a subsidiary of Genting Hong Kong Limited, a 50% owner of Norwegian Cruise Line.

The purchase price is about $260 million, according to Norwegian, and financing is being provided by the seller.

The Norwegian Sky sails three- and four-night voyages year-round from Miami.

For cruise news and updates, follow Donna Tunney on Twitter @dttravelweekly.

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