Mediterranean Shipping Takes Another Cruise Ship

Mediterranean Shipping Co had exercised an option with Alstom for a second 793-cabin cruise liner to be delivered in 2004. Although Alstom declined to give the value of the contract, industry sources put the value of the liner in the region of 300 million euros ($279.1 million). The company’s Alstom Marine unit now has 11 cruise ships in its order book.