The latest cruise ship from the United Arab Emirates has a price tag of around $5 billion, but the price tag could be significantly lower if a new container fleet is built in Australia.
The United Arab Emirate has signed a contract with the Australian government for the construction of a new shipping container fleet, and the government has been forced to take the UAE’s offer seriously.
The UAE has announced it has signed agreements with the governments of the US, India, Canada, Japan and Singapore to build container ships.
But the contract with Australia has been worth $3 billion, and that price tag may not be enough to cover the project’s cost, according to a report in The Australian Financial Press.
The price tag for building a container ship could reach $4 billion, which could still be far cheaper than building one of the world’s biggest container ships, the container ship the US is building in Port Canaveral in Florida, which has a $8 billion price tag.
The $3.2 billion price for building the UAE-built ship is the most recent figure, according a report by Australian business website The Daily Telegraph.
The shipping container project has been dogged by problems, including the delays in getting the container ships to the US and China.
The Australian government has also been trying to find other suppliers for the container shipping containers.