Not so Fantastic for MSC Cruises
In an unfortunate coincidence of timing, MSC Cruises announced confirmation of their newest ship at the weekend, just as news reports were breaking about a passenger being killed when a gangway collapsed. Construction work started in April, but it is only now that financing has been agreed between MSC, its bankers, and builders STX France at St Nazaire. French president Nicolas Sarkozy has been closely involved in brokering the deal in order to provide jobs at the yard whose order book has been looking a bit thin since the completion of Norwegian Epic in June. His intervention has sparked speculation [...]