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Navigator of the Seas To Be Delivered Early

Maritime Activity Reports, Inc.

May 24, 2002

Kvaerner Masa-Yards and Royal Caribbean Cruises have agreed on an earlier delivery date for the cruise ship Navigator of the Seas. The delivery of the cruise ship Navigator of the Seas, now under construction at Kvaerner Masa-Yards' Turku shipyard, will take place six week early, on November 18, 2002. "The earlier delivery date of Navigator of the Seas suites us perfectly, says Jorma Eloranta, president and CEO of Kvaerner Masa-Yards Inc. We are pleased to be able to meet our client's wish for an earlier delivery of the ship and with the positive development of the cruise market."

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