Louis buys Orient Queen in $22 mln deal

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Louis plc announced Friday that it has agreed to buy the mid-size luxury cruise ship Orient Queen in a USD 22 mln bareboat/hire purchase deal.

The announcement said that the lease is for five years but the deal comes with a six month incentive, whereby any monthly fee paid to the previous owner, German-based Orient Queen Shipping Inc., will be discounted from the total value.

The Orient Queen, with a gross tonnage of 15.781 and a capacity for 850 passengers in 370 cabins, was fully rebuilt last year at a cost of USD 22 mln. It is 163m long and offers all the modern amenities, such as interactive plasma TVs, two pools, Jacuzzi, a casino, dining and entertainment areas, a beauty salon, gym, helipad, etc.

This latest addition raises the Louis fleet to 13 cruise ships.