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

Technology

At Hamburg port E-mobility Project, BESIC enters crucial phase

Ten battery-operated heavy goods vehicles now transport containers between ships and the yard at the highly automated handling facility in the HHLA Container Terminal Altenwerder (CTA).

Rolls-Royce Wins Heyerdahl Award

Rolls-Royce has been awarded the maritime Heyerdahl Award 2014. The award was presented by His Majesty King Harald at the Norwegian Shipowners’ Associations Annual Conference in Oslo March 31.

Imtech Extends VSAT Coverage Above Europe

Imtech Marine expanded its Global Ku-band VSAT network with additional coverage above Europe. Next to the Telstar 12 satellite and the Intelsat 21, the Eutelsat

Cruise Ship Trends

Cruise Ship Liability & Compensation Treaty Kicks In

The International Maritime Organization (IMO) informs that substantially increased limits of liability for the death of, or personal injury to, a passenger on a ship apply from 23,

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in

Royal Caribbean Profits Take a Hit

Royal Caribbean Cruises Ltd reported a much lower-than-expected quarterly profit as costs rose and passengers spent less onboard. Shares of the company, whose

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1027 sec (10 req/sec)