Former Beluga Shipping boss Niels Stolberg has resurfaced at the head of a German company planning to invest up to EUR 750m ($968m) in a new generation of fuel-efficient cruiseships.

The eco-cruise operation aims to order up to five newbuildings at European yards.

Shareholders at Hamburg-based Green Sailing confirm they have begun talks with investors and yards to order the ships next year at a cost of between EUR 100m and EUR 150m each.

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