Richard Branson eyes move into cruise ships

2014-03-26 16:10

Frankfurt - British multi-billionaire and founder of the Virgin group, Richard Branson, is looking to move into cruise shipping, he told the German business daily Handelsblatt on Wednesday.

"We want to move into the cruise-shipping business with Virgin in the next few years," Branson said.

"We are already in negotiations with shipyards in Italy and Germany on the construction of big ships for Virgin Cruises," he said, adding that the chances that a German company could win a contract were "very good."

The newspaper quoted industry sources as saying that Branson would invest about $1.7 billion (R18.1bn at R10.69/dollar) in the project.

The ships could be launched by 2019, Branson said.

Read more on:    virgin  |  richard branson  |  travel  |  travel international

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

SHARE:

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside Travel

 
/News

#FindYourEscape with Traveller24

Your insider guide to exploring South Africa and the world...
 
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.