Ship sail

A brand new cruise ship will be auctioned

The Helsinki shipyard invites tenders for the sale of the SH Vega.

Originally ordered for Swan Hellenic, the 10,000 ton expedition vessel is in the final stages of construction at the Finnish shipbuilder.

According to an announcement posted on the shipyard’s website on June 13, the vessel, which is referred to by its construction name Hull 517, will be delivered to the highest bidder on July 19.

“Helsinki Shipyard Oy seeks the best fair market value for the vessel and reserves the right to reject all offers,” the shipyard said in the statement.

The Vessel is also said to be offered for sale “as is, where is”, without representation, warranty or guarantee as to quantity, quality, title, character, condition, size or type, or that the same is able or fit to be used for the purpose for which it is intended.

Sister to SH Minerva, the 152-guest vessel was due to enter service for Swan Hellenic in July.

According to the Helsinki Shipyard, the expedition vessel was designed with a strong focus on polar areas and has a PC5 Ice Class rating.

It was built under Lloyd’s Register EMEA survey and completed sea trials at the end of May.

The bidding process takes place online, with bids being submitted via email. The deadline for submitting entries is June 24, with the winner to be revealed on July 1.

Bidders are encouraged to inspect the vessel for sale before submitting a bid, the Helsinki Shipyard said.

After suffering sanctions related to the Russian-Ukrainian war, Swan Hellenic had revealed his intention to acquire the ship in May.

In a statement sent to Cruise Industry News, the operator said it exercised an option to purchase the vessel from a Russian leasing company on March 31.

The SH Minerva built in 2021, which is currently decommissioned in Uruguay, would also be in the process of being acquired.

“The legal procedure for transferring full ownership of the vessels to Swan Hellenic is now at an advanced stage and is expected to be completed shortly,” the company said at the time.