Owner of Asuka II to build Japan's largest luxury cruise ship

The owner of Japan's largest cruise ship, Asuka II, said Wednesday it will build an even bigger yet eco-friendly 51,950-ton ship with completion aimed for 2025, anticipating a post-pandemic recovery in travel demand.Passenger capacity will be reduced to about 740, or 85 percent of that of the 50,444-ton Asuka II, which was built in 1990, operator NYK Cruises Co. said. The firm is expected to raise 71 billion yen ($642 million) to fund the construction, mainly via syndicated loans from 30 banks, according to sources familiar with the matter.Manufactured by German shipbuilder Meyer Werft GmbH…READ FULL ARTICLE