MIAMI/PAPENBURG: Royal Caribbean Cruises, Ltd. has signed a letter of intent with the Papenburg, Germany-based Royal Carribean International  to build the first of a new generation of Royal Carribean International cruise ships, code-name Project Sunshine.

The order calls for one ship to be delivered in the Fall of 2014 with an option for a second ship for Spring 2015.  The 158,000 Gross Registered Tons (GRT) new build will carry just over 4,100 guests based on double occupancy.  The estimated all-in cost per berth is about 170,000.  This all-in cost includes the yard s base contract price plus everything needed to design, operate and build the vessel, from architect fees to supervision costs and all loose inventories from computers to art and bed linens.