V.Ships Leisure is teaming up with Ritz-Carlton Yacht Collection to provide third-party management for three ultra-luxury ships set to hit the water over the next three years.

Both companies began discussing the partnership a year ago and have just formalised a long-term contract, declining to disclose the deal's financials or time frame.

"It took us a while to get there," Ritz-Carlton Yacht Collection chief executive Douglas Prothero told TradeWinds today during Seatrade Cruise Global 2019 in Miami Beach.