Aker signs Magellan MoU

Residential Cruise Line (RCL) has signed a Memorandum of Understanding (M.O.U.) with Aker Yards to build the world’s largest and most luxurious residential cruise ship, the ?Magellan?.

Designed by the Norwegian firm of Petter Yran and Bjorn Storbraaten Architects A.S., the Magellan offers fractional and full-ownership of luxuriously appointed residences and penthouses as well as such unprecedented amenities as a full-service retractable marina,

on-call private Bell 429 helicopters, a 450-seat satellite broadcast capable theater and 24-hour on-call concierge service to name just a few. Private residences on the ?Magellan? range in price from $1.875 million to $8 million for penthouses and from $156,250 for fractional ownership residences.

The finalization of the project is subject to the completion of the financing.