Author Topic: Cunard Annual Report and Accounts 1965  (Read 942 times)

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Offline Michael Gallagher

Cunard Annual Report and Accounts 1965
« on: May 25, 2018, 09:28 AM »
Statement of the Chairman
Sir Basil Smallpeice KCVO
18 May 1966

The New Cunarder

Shortage of labour has had a delaying effect on the work of steel erection on the new ship (No.736) now being built for us as John Brown’s yard at Clydebank. We have also chosen to revise the layout of certain passenger accommodation in the ship as well as to modify the arrangements for interior design, so as to ensure that it confirms with the new marketing policy we have evolved for our passenger business. The New Cunarder is now designed basically as either a two-class ship or an open ship with the ability to reserve a whole deck of public rooms for the exclusive use of passengers who have purchased the most expensive stateroom accommodation.

The new ship is expected to earn about one-third of our total passenger ship revenues and will therefore play a major part in the future development of the Company. With its improvements in design and economics as compared with existing ships, it should prove a profitable investment. But I regard it as essential that we should put our existing ships on at least a break-even basis before the Q4 is delivered in 1968 and not just rely on the new ship to get us out of our difficulties.
« Last Edit: May 25, 2018, 09:30 AM by Michael Gallagher »


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