Shipbuildingwill build the superyacht M/Y Njord for Ocean Development Residences Ltd

DIV Shipbuilding to build Ocean Development Residences Ltd superyacht M/Y Njord

DIV Shipbuilding, through its Kleven Verft shipyard in Norway and Brodosplit shipyard in Croatia, will build the megayacht M/Y NJORD. Both shipyards will collaborate on the construction of this exclusive residential yacht of spectacular size, measuring over 290 meters in length. Brodosplit will be responsible for the majority of the steel hull construction, as well as a significant portion of the technical installations. The yacht will then be towed to Kleven Verft in Norway for the completion of the technical installations and interior fittings, with delivery scheduled for 2024.

DIV Shipbuilding to build Ocean Development Residences Ltd superyacht M/Y Njord

 

Tomislav Debeljak, President and CEO of DIV Shipbuilding, commented: “We are honored to be involved in the construction of this magnificent private yacht for Ocean Residences Development Ltd. All DIV Shipbuilding employees at our Brodosplit and Kleven shipyards are proud to be working on this major project.” He continued: “In these changing times, I am pleased to confirm that we have the full support of the Croatian and Norwegian governments, who share our enthusiasm for this important project, which is expected to create jobs for years to come.”.

Ocean Residences Development Ltd. President and CEO Kristian Stensby commented: “I am delighted to confirm the agreement between our company and DIV Shipbuilding as the official shipyard to undertake the construction of the M/Y NJORD, an iconic residential yacht, offering 118 exquisitely appointed private residences that will create one of the most exclusive communities in the world.”

Mr. Stensby continued: “This milestone represents an exciting chapter in the development of the M/Y NJORD, as the project moves from the drawing board to construction. DIV Shipbuilding is a world-class yacht and shipbuilder with a reputation for constructing highly sophisticated superyachts, passenger ships, and other luxury vessels. As a proud Norwegian, from a nation with a historic shipbuilding tradition and deep roots in the passenger ship industry, I am proud to have the support and involvement of several Norwegian companies, including the Norwegian Maritime Authority, as the yacht will fly the NIS (Norwegian International Ship Register) .”

“Almost the entire industry and the community surrounding both shipyards depend on the maritime sector. The work on the design and construction of the M/Y NJORD will benefit thousands of local families through approximately five million work hours. Furthermore, it will significantly contribute to improved research and innovation in maritime activities in Croatia and Norway, as well as enhance their scientific and technological potential. Ocean Residences Development also aims to build one of the most technically advanced vessels in the industry, surpassing current standards in terms of sustainability, technical innovation, and emissions. This vision perfectly aligns with the talent we have in both Norway and Croatia,” concludes Zoran Kunkera, CBO of DIV Shipbuilding.

Helge Hermundsgard, of DNV GL Norway, the world's leading classification society and advisor for the maritime industry, commented: “M/Y NJORD will be a vessel designed to meet the strictest environmental regulations. The vessel will be powered by state-of-the-art dual-fuel engines, with tank capacity for both MGO and LNG, batteries for hybridization, heat recovery systems, and advanced energy management systems. To ensure the vessel is future-proof, the engines and fuel tanks will be ready for easy conversion to take advantage of future fuels.”.

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