Thursday, November 5, 2015

Royal Caribbean Orders a Fifth Quantum-Class Ship

With the debut of their latest Quantum-class vessel Anthem of the Seas just underway, Royal Caribbean Cruises Ltd. has entered into an agreement with shipbuilder Meyer Werft in Germany to order yet a fifth Quantum-class ship for delivery in the Fall of 2020.

"At Royal Caribbean we are focused on continuously improving efficiency and sustainability, and the fifth Quantum class vessel will be clear evidence of this," said Michael Bayley, President and CEO, Royal Caribbean International. "Of equal importance is our ability to consistently surpass guest expectations, and we are harnessing the power of the latest technology to do so on this ship."

Based upon current ship orders, Royal Caribbean's projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6 billion, $2.4 billion, $0.5 billion, $2.5 billion and $1.4 billion, respectively. Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.4%, 6.4%, 3.4%, 3.7% and 6.6%, respectively. These figures do not include potential ship sales or additions that they may elect to make in the future.

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