Deltamarin and V.Ships in JV

Deltamarin, the Finnish naval architecture and marine engineering group, and V.Ships Leisure, the provider of third party ship management and related services to the passenger shipping industry, have formed a joint venture company called V.Delta. The new company will provide safe, efficient, cost and time effective conversion solutions to cruise ships, ferries and mega-yachts.

V.Delta (www.vdelta.net) will be a one-stop-shop in ship conversions. Its portfolio will range from feasibility studies to turn-key projects whereby clients are provided with a full range of services including project management, engineering, procurement, construction supervision, logistics and other related services. This spectrum is based on the combined ship lifecycle experience of its founding shareholders. The extensive joint track record in the field of passenger vessel new buildings and conversions is exploited to generate innovative and unique overall solutions to the clients worldwide.

V.Delta will combine Deltamarin?s engineering and V.Ships? operational expertise and benefit from the global network of its parent companies. The joint venture will have the cruise, ferry and mega yacht sectors as its core market and is expected to generate even greater demand for increasingly complex ship upgrading, conversion, lengthening and other projects in the future. The two shareholders have already worked together and have a number of bids for projects currently out in the market. Initially, Jarmo Valtonen from Deltamarin and Matteo Di Maio from V.Ships Leisure will be dedicated to develop V.Delta to serve the clients with customized solutions.