HELSINKI Oct 11 Finland's Meyer Turku shipyard
said on Tuesday it had won an order for two new cruise ships
from Royal Caribbean, a shot in the arm for the
country's struggling economy.
Royal Caribbean said the vessels were due to be delivered in
2022 and 2024. The price of the deal was not disclosed, but
Finnish media estimated it would likely total about 1.6 billion
euros ($1.8 billion).
The deal follows a similar order last month from Carnival
Shipbuilding is a rare bright spot in the Finnish economy,
which has suffered a decade-long stagnation caused by a string
of problems such as the decline of Nokia's former
phone business and recession in neighbouring Russia.
"These cruise ship orders have a major impact on employment
directly at the shipyard and through subcontractors around the
country," economy minister Olli Rehn said in a statement.
The Finnish economy is expected to grow about 1 percent
annually in the coming years. The unemployment rate stands at
about 9 percent.
The Turku shipyard was close to collapse before Germany's
family-owned Meyer Werft acquired it in 2014. The yard competes
in cruise vessels with STX Corp's shipyard in France, another
Meyer yard in Germany and Fincantieri's in Italy.
($1 = 0.8928 euros)
(Reporting by Jussi Rosendahl; Editing by Mark Potter)