Projects

POSEIDON EXPEDITIONS ship creation

Initiator POSEIDON EXPEDITIONS
Project Type Expanding an existing business
The total cost of the project 99 mil. EUR
Industry Marine

Overview

Required investment 20 mil. EUR
Areas of investment Construction
Investment type Stake ownership
Financial support for the project Capital lending, own capital

Cost-effectiveness

The expected payback time 7.9 years
Internal rate of return (IRR) 14.1%

Project description

POSEIDON EXPEDITIONS company was founded in 1999 and became a recognized leader in adventure ice cruises. AECO member.

The company is oriented on expeditions to Greenland, Spitsbergen, North Pole, Iceland, Franz Josef Land and Antarctica and is planning to expand its class of owned marine vehicles and build a new cruise ship with bar&lounge, cigar room, jacuzzi, library, bar&SPA.

 

Why?

70% of competitor ships are older than 24 years.

New-built ships in total fleet of expedition cruise industry in 2014-2017 is 0.79%

 

Total number of people taking cruises across the world:

From 2016 to 2019 years growth estimates are 3 million passengers.

 

Result:

New luxurious ships are needed

Poseidon is able to create sufficient demand, booking rated are topping 84% in 2015.

 

New ship features:

Shipyard: MEYER-NEPTUNE

Ice class: A1

Class: Polar Passenger Expedition

Flag: Bahamas

 

200 passengers

130 crew members

175 cabins

16 knots speed

 

Pictures

Video

20.01.2016
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