Gleiss Lutz has advised Meyer Werft GmbH (MEYER WERFT) on a major contract with the cruise line MSC Cruises S.A. (MSC Cruises) regarding the construction of up to six cruise vessels totalling EUR 10 billion.
MEYER WERFT, MSC Cruises, together with the Federal Republic of Germany and the State of Lower Saxony as shareholders, have signed an agreement regarding the construction of four cruise vessels of the new “New Frontier” class, with two additional options.
The order will secure full capacity at the shipyard well into the next decade.
With a maximum passenger capacity of 5,400 and approximately 180,000 gross tons, the “New Frontier” ships will be delivered annually starting in 2030.
MEYER WERFT, headquartered in Papenburg, Germany, is one of the world’s leading shipyards and is renowned for building advanced cruise and special-purpose vessels. The company is majority-owned by the Federal Republic of Germany and the State of Lower Saxony, with private ownership held by the Meyer family.
MSC Cruises, headquartered in Geneva, Switzerland, is the third-largest cruise line in the world and the market leader in Europe, with a strong and growing presence in North America. The company offers cruises on five continents with 23 modern ships.
Gleiss Lutz provides comprehensive, ongoing advice to MEYER WERFT across a wide range of legal matters.
The following Gleiss Lutz team has advised MEYER WERFT on all aspects of contract law, corporate law and financing: Dr. Alexander Schwarz (partner), Martin Hitzer (partner), Dr. Joscha Meyer (all Düsseldorf), Dr. Johannes Hieronymi (counsel, all Corporate/M&A), Dr. Helge Kortz (partner, Banking & Finance, both Frankfurt).
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