The Italian shipbuilder will pocket EUR 175m ($238m) for constructingthe Roll Royce designed vessel for the Institute of Marine Research.

The ‘Kronprins Haakon’, named after the heir to theNorwegian throne, will be built at the Riva Trigoso-Muggiano shipyard in Italy.

However it will be shifted to Fincantieri controlled Norwegianshipbuilder Vard for final outfitting and sea trials before delivery in late 2016.

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