Royal Caribbean Extends Options For Two $500 Million Vessels

Thursday, June 21, 2001
Royal Caribbean said on Wednesday it has extended for 13 months options on building two $500 million ships to add to its 21-vessel fleet.

The Miami-based operator of the Royal Caribbean International and Celebrity lines said in a news release that it had agreed with the Meyer Werft shipyard of Papenburg, Germany, to extend the options to July 26, 2002, on the so-called Radiance-class ships.

Both options on the 2,100-passenger ships were due to expire on June 27. Royal Caribbean's decision comes amid a dramatic increase in the world's cruise fleets blamed by many for sagging profitability in the sector.

The first of the new class, Radiance of the Seas, was launched in Miami last March and is sailing Alaskan routes this summer. A second Radiance-class ship, Brilliance of the Seas, is scheduled to begin sailing next year.

Two more of the Radiance-class ships, which are narrow enough to pass through the Panama Canal, remain on schedule for delivery to Royal Caribbean in 2003 and 2004, the company said. The options cover the fifth and sixth ships in the class.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Rolls-Royce Bags £12 mi Order from Myklebusthaug Management

Rolls-Royce has won a £12 million order to provide design, integrated power and propulsion systems and equipment for a highly advanced multipurpose service vessel

DNV GL “Modification Excellence Award” for Schiffahrt

Classification society DNV GL recognised that E.R. Schiffahrt has retrofitted seven ultra large container vessels to meet the highest energy efficiency standards

Kleven Wins New Yacht Contract

Norwegian ship builder Kleven has secured a new contract for a high specification, 116-metre long Expedition Support Vessel. The order is placed by Mr Graeme Hart,

Cruise Ship Trends

MSC Magnifica Completes Drydocking at Damen Shiprepair

After a very fast and successful 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) for

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

MSC Cruises Advance Onboard Wi-Fi System

MSC Cruises has started a fleet-wide optimization installed by Marlink to improve shipboard VSAT (Very Small Aperture Terminal) connectivity. MSC Cruises said it

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1283 sec (8 req/sec)