Miami-based SunStone Ships and China Merchants Industry Holdings signed a framework agreement to build four expedition ships with options for six more.
SunStone is the largest tonnage provider of expedition vessels to the cruise and travel industry, with an existing fleet of ten small cruise vessels on charter to companies within the expedition market, and this new order positions the Company as the leading tonnage provider in this segment of the cruise industry.
CMIH is part of the China Merchants Group formed in 1872 and one of the largest groups of companies in China, including the China Merchants Bank, one of the 20 largest banks in the world.
CMIH has entered into an agreement with Ulstein Design & Solutions, who will supply the vessel’s design and equipment package, as well as the supervision for the building of the vessels.
Celebrating its 100th Anniversary this year, Ulstein Group is a well-known international designer, builder and provider of ship system solutions. The family-owned group is headquartered in Ulsteinvik, Norway, and encompasses over 600 employees in six countries.
CMIH has also entered into an agreement with Mäkinen, Finland, one of the leading contractors of cabin and interior public spaces for cruise vessels. Mäkinen will establish a cabin assembly plant and interior workshop at the shipyard’s facilities, and will be responsible for all interior spaces on the new builds.