SeaDream contract cancelled

2019-12-13T14:02:37+00:00 December 13th, 2019|Ships|

SeaDream Yacht Club and Damen have confirmed that the contract to build a new ship has been cancelled.

Both parties are open to potential future projects and collaboration, SeaDream said. The new ship, ‘SeaDream Innovation’, was scheduled to be delivered in September, 2021.

“The response from our past guests and the market in general has been overwhelming, despite the ship not being scheduled for delivery for almost two years,” said Andreas Brynestad, SeaDream Executive Vice President. “Since the ship will not be delivered, all booked guests will be contacted and issued full refunds in the coming days.”

SeaDream also said that it was actively pursuing other newbuilding opportunities.

Atle Brynestad, SeaDream owner and Chairman, explained; “The company has been debt free for several years and has the equity needed to expand the fleet. We hope to announce a new ship in 2020.”

The existing two ships, ‘SeaDream I’ and ‘II’, continue performing well, with the company seeing record revenue years, it said.

Current plans to refurbish the suites on the two ships will proceed, starting with SeaDream II in spring 2020.