NCL Holding Announces Transfer
of M/S Norwegian Crown to Orient Lines
MIAMI, Fla., April 30, 1999---NCL Holding ASA announced today
that it is transferring the 1,050-guest M/S Norwegian Crown
from Norwegian Cruise Line to Orient Lines, the destination
cruise specialist acquired by NCL Holding last summer. The
transfer will occur in spring of 2000, following the Norwegian
Crown’s winter series of South America cruises.
The addition of the Norwegian Crown to Orient Lines, which
currently operates the 800-guest M/V Marco Polo, will more
than double that brand’s capacity. Specific plans and
itineraries will be announced next week. The transfer is expected
to increase the total net income for the group.
"Since acquiring Orient Lines last year, we have remained
committed to opening new cruise markets and increasing capacity
for the brand," said Geir Aune, President and Chief Executive
Officer of NCL Holding ASA. "Transferring the Norwegian
Crown to Orient Lines fits well with our long-term strategic
plan for globalization of the fleet."
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