Royal Carribean

Freedom of the Seas Debuts in NY

Royal Carribean's Freedom of the Seas enters New York Harbor May 10. The Freedom of the Seas, a ship four times the size of the Titanic, has just completed its first trip across the Atlantic. U.S. Coast Guard Photo by PA3 Angelia Rorison

Captain Convicted of Dumping Asbestos

A Federal Jury found Ronald Cook, a Canadian citizen, guilty of illegally dumping trash bags full of asbestos into the Gulf of Mexico and elsewhere. He had been hired to lead a crew performing demolition on an old ferry boat, the Muskegan Clipper, as it sailed from San Diego, California, through the Panama Canal to Mobile, Alabama. The ship was eventually to be transformed into a riverboat gambling casino. In order to save time and costs, the crew bagged up the demolition debris

EC OKs P&O, Royal Nedlloyd Split

The European Commission approved, pursuant to the Merger Regulation, a proposed transaction by which the British port operator P&O and the Dutch liner shipping company Royal Nedlloyd reorganize their common activities in the container liner shipping business. In 1996 Royal Nedlloyd NV and Peninsular and Oriental Steam Navigation Company (P&O) transferred all their respective activities in containerized liner shipping services to a newly created joint venture called P&O Nedlloyd (PONL)

Former Seafarers Encourage Youth

A group of former seafarers encouraged youngsters to consider important professions in the Royal and Merchant Navy, on World Maritime Day on Friday 30 September. Residents at the Royal Alfred Seafarers’ Society, a Surrey based home which provides dedicated accommodation and care to former seafarers and their dependants, said there is not enough awareness of the important role the Merchant and Royal Navy play in our society among the younger generation.

Royal Caribbean Declares Dividend

The Board of Directors of Royal Caribbean Cruises Ltd. has declared a quarterly dividend of $.13 per share for shareholders of record at the close of business on December 19, 2000, payable on December 29, 2000. This is the 29th consecutive quarter Royal Caribbean's Board of Directors has voted to declare a dividend to shareholders.

Royal Caribbean Declares Dividend

The Board of Directors of Royal Caribbean Cruises Ltd. has declared a quarterly dividend of 15 cents per share for shareholders of record at the close of business on December 16, 2005, payable on December 29, 2005. This is the 49th consecutive quarter Royal Caribbean's Board of Directors has voted to declare a dividend to shareholders.

Royal Caribbean Disappointed Over EU’s Merger Decision

Royal Caribbean Cruises Ltd. expressed disappointment over the clearance by the EU Commission of Carnival Corporation's hostile bid for P & O Princess Cruises. Chairman and chief executive Richard Fain said he was also surprised at the outcome, which accorded neither with Royal Caribbean's own analysis of the cruise industry in Europe nor with earlier reports of the EU inquiry's own findings. With almost four weeks remaining in the legally scheduled timetable for the enquiry

Williams Named President and Chief Operating Officer Of Royal Caribbean and Celebrity Cruises

Royal Caribbean Cruises Ltd. named Jack Williams president and chief operating officer of Royal Caribbean International and Celebrity Cruises. In his new role, Williams, previously president of Royal Caribbean International, will manage the day-to-day operations of both cruise lines. The two lines will continue to operate independently under Williams. Williams' appointment follows an earlier announcement that respected cruise veteran Richard Sasso, president of Celebrity Cruises

LCL Buys Stake In Royal Olympic

LCL Buys Stake In Royal Olympic Cyprus cruise operator Louis Cruise Lines has signed a deal to acquire a 51.4 percent controlling stake in Nasdaq-listed Royal Olympic Cruise Lines. The value of the agreement was not disclosed. The deal will significantly boost Louis's share of the Mediterranean cruise market, bringing some 16 vessels under its management. Louis now owns seven vessels, and an eighth is under management

RC Receives Extension on Options for Radiance-Class Ships

Royal Caribbean Cruises Ltd. announced it has deferred options to purchase a fifth and sixth Radiance-class ship. The options involve ships scheduled for deliveries in 2005 and 2006. Royal Caribbean and Meyer Werft shipyard, of Papenburg, Germany, builder of the Radiance-class ships, agreed to extend the options to September 19, 2003. Under the terms of the extension, Meyer Werft has the ability to terminate the options upon giving adequate advance notice to Royal