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Vow's Scanship wins breakthrough cruise order

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The Scanship system will not only prevent discharge to sea, it also will convert organic waste streams into eco-friendly bioenergy and produce stable carbon for long-term storage
Vow ASA's Scanship was awarded its largest cruise contract to date, for complete wastewater and waste treatment systems for one ship plus an option at a total value of €28.4m.

The name of the yard and cruise operator will be disclosed at a later date.

Converting organic waste into bioenergy

'The new ship design marks a significant shift towards even more environmental and sustainable cruise operations at sea. The Scanship system on board will not only prevent discharge to sea, but it will also convert organic waste streams into eco-friendly bioenergy and produce stable carbon for long-term storage,' Vow ASA CEO Henrik Badin said.

Equipment for the first ship will be delivered in 2025, and the maiden voyage is scheduled for 2026. Deliveries to the second ship follow one year later. The firm part of the contract is valued at 13.9m and the option at 14.5m.

'The contract value reflects current and expected cost level and our margin targets, and contract and payment terms have been significantly improved,' Badin added.

Well-placed for more orders

Several major cruise companies have announced ambitious fleet renewal plans. With its technology and track record as trusted supplier to several of these, Vow considers itself well-placed to secure a significant share of this market.

So far this year, Vow has announced cruise contracts worth close to 50m.