Ocean Residences Development has confirmed that Meyer Werft will build a vessel for the company.
The German shipbuilder had announced on 30 July that it "could win for themselves another newbuilding order" from Ocean Residences: an 84,800-gt "residential yacht" with 117 apartments called Njord.
Ocean Residences said on Monday that the newbuilding contract is "fully executed and binding", chief operating officer Alain Gruber said.
