The small-ship luxury cruise line SeaDream Yacht Club has cancelled plans to build its new ship, SeaDream Innovation.

The latest addition to the SeaDream Yacht Club fleet, the luxury ship was scheduled to be delivered in September 2021, built at Damen shipyards in the Netherlands.

“The response from our past guests and the market in general has been overwhelming, despite the ship not being scheduled for delivery for almost two years,” commented executive vice president Andreas Brynestad.

“Since the ship will not be delivered, all booked guests will be contacted and issued full refunds in the coming days.”

PC6 Polar Class and housing 110 staterooms, SeaDream Innovation was set to be the third addition to SeaDream Yacht Club’s luxurious fleet. It was set to have three marinas, nine decks and a one-to-one guest to crew ratio.

The ship was set to outrank SeaDream I and SeaDream II – the cruise line’s existing, identical 95-passenger vessels – in both size and capacity.

Despite the termination of SeaDream Innovation, SeaDream owner and chairman Atle Brynestad is said to be actively pursuing other newbuild opportunities.

“The company has been debt-free for several years and has the equity needed to expand the fleet. We hope to announce a new ship in 2020,” he said.

The line recently announced that the suites on SeaDream I and SeaDream II will both undergo refurbishment, with SeaDream II starting in spring 2020.

For more information, visit seadream.com.