Large residential yacht ordered

2020-05-18T10:11:39+00:00 May 18th, 2020|Ships|

Following the completion of the conceptual design and engineering stages, Ocean Residences Development Ltd (ORD) has ordered a large residential yacht from the DIV Shipbuilding Group.

DIV owns both the Kleven Verft shipyard in Norway and the Brodosplit shipyard in Croatia. Both shipyards will tasked with the construction of this 290 m long residential yacht, which is to be called ‘Njord’.

Brodosplit will be responsible for most of the hull’s steel construction, as well as a significant part of the technical installations. Once launched, the hull will be towed to Kleven Verft in Norway for the completion of the technical installations and to carry out the interior fitting out ready for her delivery in 2024.

“My company is truly honoured to be involved in the construction of this magnificent private yacht, initiated by Ocean Residences Development Ltd. All employees of DIV Shipbuilding at both our shipyards Brodosplit and Kleven are proud to partner of and work on this generational project,” said Tomislav Debeljak, DIV Chairman and CEO.

“In these changing times, I am pleased to confirm that we have the full support of the governments of both Croatia and Norway who share our enthusiasm for this important project, as it is expected to generate employment for thousands of highly skilled people in the years to come, from welders to engineers and many other disciplines in between,” he added.

ORD Chairman and CEO, Kristian Stensby, said: “I am delighted to confirm the signing of an agreement between our company and the DIV Shipbuilding. The DIV Shipbuilding has been appointed as the official shipyard to carry out the construction of ‘Njord’ (, an iconic residential yacht, comprising 118 exquisitely appointed residences, which will create one of the most philanthropic communities in the world.”

He continued: “This milestone represents the next exciting chapter in ‘Njord’s’ development, as the project transitions from drawing board to construction. The DIV Shipbuilding is a world-class yacht and ship constructor with a reputation for completing highly sophisticated super yachts, passenger ships and other high-specification, purpose-built vessels.

“As a proud Norwegian from a nation with a historic shipbuilding tradition and with deep roots in the passenger ship industry, I’m delighted to have the support and involvement of several Norwegian companies, including the Norwegian Maritime Authority as the yacht will fly the NIS flag,” he said.

“Almost the entire industry and community surrounding both shipyards, rely on the maritime sector. The work on the design and construction of ‘Njord’ will benefit thousands of local families by creating more than five million working hours. In addition, it will strongly contribute to the further improvement of research and innovation of maritime activities in Croatia and Norway, as well as improving the scientific and technological potential in schools and colleges.

“Furthermore, Ocean Residences Development have established, as central to their vision, the desire to construct one of the most technically advanced vessels in the industry that will push the outer limits in terms of sustainability, technical innovation and emissions standards. A vision that is perfectly suited to the talent we have in both Norway and in Croatia.” Zoran Kunkera, DIV Shipbuilding’s  CBO concluded.

Helge Hermundsgard of DNV GL Norway said; “‘Njord’ will be a vessel designed to meet the strictest environmental regulations both at delivery and for the future. The vessel will be powered by dual fuel engines, with a tank capacity to carry MGO and LNG, plus batteries, heat recovery systems, and advanced power management systems.

“To ensure that the vessel is future proof, the engines and fuel tanks will be ready for easy conversion, to take advantage of future fuels with lower or neutral carbon footprint,” he said.

ORD specialises in integrated real estate and ocean living, ship designs, high-end ocean living concepts, lifestyle communities and long-lasting legacies. The company provides turnkey solutions from lifestyle concepts and ship design, to construction and operational products.

The company boasts a team of marine, yachting and hospitality professionals. Members of the team have designed, developed and operated some of the most iconic brands in the world, including LVMH Cheval Blanc, Relais & Châteaux, Ritz-Carlton,