New Residential Cruise Ship – Samsung signs $1.1B LOI with Utopia Residences
SEOUL, Nov 30 (Reuters) – Samsung Heavy Industries (010140.KS) said on Monday that it has won a $1.1 billion order from Utopia Residences, a U.S.-based cruise and hotel operator, to build a luxury cruise vessel.
The South Korean shipbuilder said in a statement it expects to sign the final contract during the first half of next year, with the ship due to be delivered by 2013.