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Meyer Turku narrows 2022 loss on 20% higher turnover

Meyer Turku narrowed its 2022 loss to €15.6m from €17m in 2021 on 20% higher turnover of just under €1.3b.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

May 4, 2023

1 Min Read
Credit: Seatrade Cruise News

Supply chain issues impacted the availability of materials, Meyer Turku CEO Tim Meyer said, and overall costs increased, especially for materials and financing.

The number of yard personnel grew slightly, to an average of 2,131, up from 2,086 in 2021.

Icon sea trials coming up

Currently Meyer Turku is preparing for Icon of the Seas' sea trials in mid-June.

Efforts continue to be a forerunner of cruising's green transition.

'It is a big challenge and at the same time a great opportunity for us,' Tim Meyer said. 'We are focusing also this year on new technologies and continuously searching for new talent to join us on our journey.'

Last November the yard delivered Carnival Celebration.

Future deliveries

Icon of the Seas, the new world's largest cruise ship, is scheduled for late 2023 completion.

Mein Schiff 7, due for delivery to TUI Cruises in 2024, and Icon 2, to be handed over in 2025, are also under construction. Icon 3 is in the orderbook for 2026.

And Meyer Turku plans to deliver two multi-purpose offshore patrol vessels to the Finnish Border Guard in 2025 and 2026.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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