Magellan residential cruise ship selects shipyard

The Residential Cruise Line Ltd has entered into a Memorandum of Understanding with Aker Yards to start building the residential cruise ship ?Magellan?. This is the first step and the finalization of the project is still subject to the completion of financing.

Designed by the Norwegian firm of Petter Yran and Bjorn Storbraaten Architects A.S., the ?Magellan? will be the largest residential cruise ship in the world. The RCL will offer fractional and full ownership of luxury, high end residences and penthouses. The ship will feature a full-service retractable marina, on-call private Bell 429 helicopters, a 450-seat satellite broadcast capable theater, and 24-hour on-call concierge. 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.