Star Cruises to sell Norwegian Crown to Fred. Olsen Cruise Lines

Norwegian Cruise Lines said that its parent company, Star Cruises, is selling the Norwegian Crown to Fred. Olsen Cruise Lines in August. The ship will become Olsens fifth vessel in November 2007, after completing its current NCL schedule.

The 34,000-ton, 1,000-passenger Norwegian Crown is owned by Star Cruises and operated by NCL. Once sold, it will be chartered back to Star so that NCL can continue its current deployment. The ship will sail seven-day Bermuda itineraries this summer and next and 14-day South American cruises this winter.

Although a beautiful and well-maintained vessel, Norwegian Crowns smaller size is less suitable for Star Cruises ambitions in Asia, said Colin Veitch, president and CEO of NCL Corp. Fred. Olsen Cruise Lines specializes in operating smaller and mid-sized upscale vessels and this ship should fit perfectly in their fleet.

NCL also said that the Norwegian Wind will be transferred to Star Cruises, becoming SuperStar Aquarius, based in Hong Kong, in April 2007. The ship will be replaced by the larger Norwegian Sun on its Hawaii route. The departure of the two ships coincides with the scheduled deliveries of two new NCL ships, the Norwegian Pearl and Norwegian Gem.

To contact the reporter who wrote this article, send e-mail to Johanna Jainchill at [email protected].

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