Royal Caribbean Orders Oasis 6

Royal Caribbean Cruises (NYSE: RCL) announced Monday that it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique for the construction a sixth Oasis-class ship for delivery in 2023. “It is such a pleasure to announce the order of another Oasis-class ship,” said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. “This order is a … [Read more...]

Royal Caribbean Starts 2019 with Record Bookings, Sees Strong Demand in China

By Uday Sampath Kumar Jan 30 (Reuters) - Royal Caribbean Cruises Ltd said on Wednesday it was heading into 2019 with record bookings for cruises and seeing higher demand from Chinese tourists, sending its shares up 7 as much as percent. A slowdown in the world's second-biggest economy which has been flagged by several U.S. companies over the past few weeks, did not dampen … [Read more...]

Cruise-Line Size Race Is Over; Now It’s About Amenities

By Christopher Palmeri (Bloomberg) -- When the $1.35 billion Symphony of the Seas steamed out of Barcelona on its maiden voyage in April, it instantly claimed the title of world’s largest cruise ship. At 228,000 gross tonnes, Symphony is a tad larger than the previous titleholder, its two-year-old sister, the Harmony of the Seas. But dive deeper into the stats and the … [Read more...]

Royal Caribbean Adds Ultra-Luxury Cruises with $1 Billion Stake in Silversea

by Aishwarya Venugopal (Reuters) - Royal Caribbean Cruises said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet. Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its tickets selling for more … [Read more...]