Helsinki Shipyard Announces Acquisition of SH Vega by Swan Hellenic

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Helsinki Shipyard, having received bids for the auction of NB 517, today announced that Swan Hellenic has been awarded the tender, according to a press release.

Helsinki Shipyard exercised the right to sell the ship by tender, provided for by the shipbuilding contract after the original buyer failed to take delivery of the ship. 

The auction ended at midnight on June 24 and was satisfactory for Helsinki Shipyard, which analyzed the bids and declared Swan Hellenic the winner. A sales price was not named.

The ship will, as anticipated, be delivered to Swan Hellenic as soon as all the registry formalities in The Bahamas have been completed, and Swan Hellenic becomes the sole owner of SH Vega, which will start operating cruises in July.

Andrea Zito, CEO of Swan Hellenic, said: “We are happy to have secured SH Vega, a Polar Class PC5 vessel with state-of-the-art ship technology and sustainability that will enter service as planned in July. We look forward to welcoming our guests onboard SH Vega to experience our cultural expedition cruises in sophisticated elegance, commencing on July 20 from Tromsø, Norway.”

Devendra Grover
Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He ventured into business, forming his own Media House, Profiles Media Network Private Limited, a twenty-year-old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of Travel and Tourism, Fashion and Lifestyle, Aviation, and Hospitality Industry. Connect with Devender Grover @ trave[email protected]