MIAMI, Aug. 27, 2024 /PRNewswire/ -- Royal Caribbean
Group (NYSE: RCL) announced today that it has signed an
agreement with Finnish shipbuilder Meyer
Turku to order a fourth Icon Class ship for delivery to
Royal Caribbean International in 2027. The agreement also includes
options to build a fifth and sixth Icon Class ship.
"Building on the incredible momentum and market response to the
launch of Icon of the Seas and the excitement for its sister
ship, Star of the Seas, coming in 2025, we're thrilled to
join with Meyer Turku once again to
expand our roster of Icon Class ships and continue our future
growth plans," said Jason Liberty,
president and CEO, Royal Caribbean Group. "Since its debut,
Icon has changed the game in vacation experiences and
exceeded our expectations in both guest satisfaction and financial
performance."
"This is great news for Finland. Royal Caribbean Group's long-term
partnership will continue to have a positive impact on our
employment and economy," said Petteri Orpo, Prime Minister of
Finland. "Their commitment and
investment in Finland speaks
volumes about the strength of our maritime cluster and our world
class shipyards."
The first ship in the Icon Class launched in January 2024 as a first-of-its-kind vacation and
introduced an all-encompassing lineup of experiences that combines
the best of every vacation – from the beach retreat to the resort
escape and the theme park adventure. The next ship in the lineup
will continue to deliver revolutionary experiences as it joins
Icon, Star of the Seas (launching in 2025) and the
yet-to-be-named third Icon Class ship (launching in 2026). With
this announcement, Royal Caribbean Group continues to drive its
moderate capacity growth to help guests turn a vacation of a
lifetime into a lifetime of vacations.
"This order is an important milestone for the future of
shipbuilding in the maritime network in Finland," added Tim
Meyer, CEO of Meyer Turku.
"With Icon of the Seas, our team, consisting of the shipyard
and partners, have built an extraordinary ship in respect of naval
architecture, energy efficiency and customer experience. This is
yet another recognition of the professionalism of our personnel and
of our leadership in the maritime industry's innovation and green
transition. The options underline the strong outlook of our order
book."
Known for its history of delivering best-in-class ships, this
also expands upon Royal Caribbean Group's longstanding relationship
with Meyer Turku. With this order,
Meyer Turku will have built 21 ships
for Royal Caribbean Group over 28 years.
The anticipation for Royal Caribbean Group's newbuild
pipeline continues to grow, with seven new ships on order, and two
shipyard options. This year alone, the company welcomed four new
industry-leading ships, including Royal Caribbean International's
Icon of the Seas and Utopia of the Seas, Silversea's
Silver Ray and TUI Cruises' Mein
Schiff 7. This order also comes on the heels of the
company's announcement for a seventh Oasis Class ship, set to debut
for Royal Caribbean International in 2028.
"Icon of the Seas is unlike anything the world has seen
before, and we're just getting started," added Michael Bayley, president and CEO, Royal
Caribbean International. "We are leading the vacation industry in
developing new experiences for our guests to create lifelong
memories, and we continue dreaming and evolving to deliver more
ways to chill and thrill."
This agreement is contingent upon customary conditions,
including financing.
For more information on Royal Caribbean Group and its brands,
visit royalcaribbeangroup.com.
About Royal Caribbean Group
Royal Caribbean Group
(NYSE: RCL) is a vacation industry leader with a global fleet of 68
ships across its five brands traveling to approximately 1,000
destinations. With a mission to deliver the best vacations
responsibly, Royal Caribbean Group serves millions of guests each
year through its portfolio of best-in-class brands, including Royal
Caribbean International, Celebrity Cruises, and Silversea; and
expanding portfolio of land-based vacation experiences through
Perfect Day at CocoCay and Royal Beach Club collection. The company
also owns 50% of a joint venture that operates TUI Cruises and
Hapag-Lloyd Cruises. With a rich history of innovating, Royal
Caribbean Group continually delivers exciting new products and
guest experiences that help shape the future of leisure travel.
Learn more
at royalcaribbeangroup.com or rclinvestor.com.
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