August 26, 2022. Miami-based Storylines residential ships and Brodosplit shipyard in Split, Croatia, have signed a construction contract to build the world’s first private residence ship that will be powered by liquefied natural gas (LNG).
Brodosplit, part of the DIV Group, has commenced the engineering phase of the 753-foot (229 meters) passenger vessel, to be named MV Narrative. The ship will have 547 private residences on board.
“We are thrilled to be partnering with such a reputable European yard with a long history of delivering high-quality passenger ships,” said Storylines CEO Alister Punton. “Our resident owners can hardly wait to move onboard the state-of-the-art ship so they can travel the world from the comfort of home.”
The ship is different from a vacation cruise ship in that it is purposely built for residential life at sea. It will include a post office, school, library, hospital, bank, pools, and office spaces, among other amenities.
The ship will also feature systems on board that would convert waste into energy and grow produce in the solar-powered hydroponic garden.
MV Narrative is expected to be completed and delivered in 2025. Storylines said that the total sales revenue of the project is valued at $1.5 billion.