Royal Caribbean Cruises Ltd. today announced that it has entered into an agreement with Meyer Werft in Germany to order a fourth Quantum-class ship for delivery in 2019, sister ship to Australia’s recently announced Ovation of the Seas.
“Today’s announcement is a reflection of the success of the first two Quantum-class ships,” said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. “We have received a remarkable response from travel agent partners and travellers, and are thrilled that we’ll be able to deliver another revolutionary ship with our partners at Meyer Werft.”
“The fourth Quantum class vessel will be a trailblazer in smart-ship design and cruise innovation,” said Michael Bayley, President and CEO, Royal Caribbean International. “Royal Caribbean International is synonymous with adventure, and the icons and amenities on this ship will continue to challenge and expand guests’ expectations of the cruise experience.”
Based upon current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6 billion, $2.3 billion, $0.4 billion, $2.4 billion and $1.3 billion, respectively.
Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.5%, 6.3%, 3.1%, 3.9% and 6.5%, respectively. These figures do not include potential ship sales or additions that the company may elect to make in the future.
The order is contingent upon the completion of customary conditions, including financing.
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) is a global cruise holiday company that owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisières de France, as well as TUI Cruises through a 50 percent joint venture. Together, these six brands operate a combined total of 43 ships with an additional six under construction contracts, and three under conditional agreement. They operate diverse itineraries around the world that call on approximately 480 destinations on all seven continents. Additional information can be found at www.RCLcorporate.com.
RCL Cruises Ltd Australia commenced operation in December 2008 as the Australian arm of global cruise holiday company Royal Caribbean Cruises Ltd. The company offers three cruise brands in Australia and New Zealand: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. In the 2015/2016 cruise season Royal Caribbean International will increase the local fleet to four ships: Legend of the Seas home porting in Brisbane; along with Explorer of the Seas, Voyager of the Seas and Radiance of the Seas home porting in Sydney. Celebrity Solstice will also sail her fourth local season out of Sydney, while Azamara Club Cruises will deploy its first ship ever to Australia with Azamara Quest in the 2015/16 season. December 2016 will see the arrival of Australia’s largest, newest and most technologically advance ship – Quantum Class Ovation of the Seas.