Utopia (cruise ship)

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History
NameUtopia
OwnerUtopia Residences
OperatorUtopia Residences
Port of registry Bahamas
RouteCircumnavigation of the world
OrderedNovember 20, 2009 (amended in 2012)
BuilderSamsung Heavy Industries
CostUS$1.1 billion
Notes[1]
General characteristics
TypeResidential cruise ship
Tonnage108,000 GT
Length296 m (971 ft)
Beam36 m (118 ft)
Height50 m (160 ft)
Draught8.3 m (27 ft)
Decks16
Installed power50,400KW 6 × Wärtsilä diesel engines
Propulsion
Speed22 KN
Capacity
  • 199 luxury residences
  • 218-room hotel
Crew600
Notes[1]

Utopia is a planned luxury residential ocean liner project. A formal marketing launch of the ship, reportedly costing US$1.1 billion, is expected in 2021.[2] The original binding letter of intent to build Utopia was amended in 2017.[3] The ship was to be built by Samsung Heavy Industries, one of the largest shipbuilders in the world.[4][5] The Finnish engineering company Elomatic Marine is credited for the design concept of the vessel, with architectural design by Tillberg Design U.S.[1]

The original business plan called for residences with prices from US$3.9 million to US$30 million, but as of 2018 Utopia has increased its prices to $36 million.[6]

Amenities[]

The 296 m (971 ft), 108,000 GT, ship will have 190 residences ranging in size from 130 to 613 m2 (1,400 to 6,600 sq ft).[7] The ship will also have 175-room hotel, casino, 16,000 sq ft spa, night club, and many other amenities typical of large-scale commercial ocean-cruise liners. The company recently received regulatory approval for open floor plans and open-air kitchens (a first of its kind milestone for the passenger ship industry), which allows the kitchens to resemble the open-concept kitchens in modern North American land-based homes.

Financing[]

The ship will be largely financed by the Frontier Group, a private equity firm with offices in Los Angeles and Washington, D.C. Frontier will put up most of the funds to cover the US$1.1 billion in construction costs.[8] In 2018, Frontier reported that the financing contingencies have been removed, clearing the path for the project to continue forward.[citation needed]

See also[]

  • MS The World, a similar resident-owned vessel currently in service

References[]

  1. ^ Jump up to: a b c Henrik Segercrantz (February 2010). "Utopia". Maritime Reporter. Retrieved 24 November 2010.
  2. ^ Business Insider: Permanent apartments on cruise ship
  3. ^ "Utopia Residential Ship Signs Contract with Shipyard". Archived from the original on July 17, 2011. Retrieved 2009-12-21.
  4. ^ "Our Partners - Shipbuilder". Utopia. Retrieved 11 January 2015.
  5. ^ "SHI Opens an Era of Cruise Shipbuilding in Korea". Samsung Heavy Industries. 2 December 2014. Retrieved 11 January 2015.
  6. ^ Business Insider: Permanent apartments on cruise ship
  7. ^ "Elomatic and Utopia's historic conceptual design for residential ocean liner one step closer to becoming reality". Elomatic. Retrieved 24 November 2010.
  8. ^ Christopher Tritto (13 December 2009). "Frontier backs US$1 billion luxury ocean liner Utopia". St. Louis Business Journal. Retrieved 24 November 2010.

External links[]

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