Utopia to Build Residential Ship

The company intends to build a new ship with Samsung Heavy Industries

By: By Marilyn Green

Utopia // (c) 2009

Utopia Residences // (c) 2009

California-based Utopia has signed a letter of intent to build a 105,000gt luxury residential ship with a hotel for conventional cruisers. The vessel will be more than twice the size of The World, which weighs in at 43,524 tons and could debut as early as 2013 if a firm agreement can be reached with the shipyard, Samsung Heavy Industries. The 15-deck ship will include more than 200 hotel suites and 190 private residences, running the gamut between two and four bedrooms. The $1.1 billion order will be Korea’s first luxury cruise ship. Several residential projects have been planned during the past few years, including a Four Seasons vessel, but they have not come to construction because of the economy.