Royal Caribbean orders fourth Quantum Class ship from Meyer Werft

Royal Caribbean orders fourth Quantum Class ship from Meyer Werft

Royal Caribbean International has announced it has entered into an agreement with Meyer Werft in Germany to order a fourth Quantum-class ship for delivery in 2019.

“This announcement is a reflection of the success of the first two Quantum-class ships,” said Richard Fain, chairman, Royal Caribbean Cruises.

“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.”

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.

“The fourth Quantum class vessel will be a trailblazer in smart-ship design and holiday innovation,” said Michael Bayley, president, Royal Caribbean International.

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“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.”

Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.5 per cent, 6.3 per cent, 3.1 per cent, 3.9 per cent and 6.5 per cent, 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 International is a global cruise holiday company that owns Royal Caribbean, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisières de France, as well as TUI Cruises through a 50 per cent joint venture.