Royal Caribbean Cruises Orders Fourth Oasis-Class Vessel

Royal Caribbean Cruises Ltd. has agreed with STX France to move forward on the order of a fourth Oasis-class ship slated for delivery in 2018.

Royal Caribbean Cruises’ Chairman and Chief Executive Officer Richard D. Fain and President and Chief Operating Officer Adam Goldstein, along with STX France Chief Executive Officer Laurent Castaing, announced the planned ship order at the keel-laying ceremony for the third Oasis-class ship at the STX shipyard in Saint-Nazaire, France.

“The Oasis Class was a revolution in maritime design when it was launched in 2009. Oasis of the Seas and Allure of the Seas continue to be in a class by themselves both in terms of guest satisfaction and financial returns. Today’s announcement is a reflection of their success,” said Richard D. Fain, chairman and chief executive officer, Royal Caribbean Cruises Ltd.

“We are thrilled to announce the order of a fourth Oasis-class ship during the keel-laying milestone of the third. This announcement is also a testament to the men and women of STX France who have worked so hard and so cooperatively on Oasis III.”

The order is subject to documentation and satisfaction of financing and other customary conditions. Projected capital expenditures for 2014, 2015, 2016, 2017 and 2018 are $1.4 billion, $1.4 billion, $2.2 billion, $0.3 billion and $1.5 billion, respectively, taking into account this order and existing ship orders.

Oasis III will be approximately 20 percent more energy efficient than Oasis of the Seas and Allure of the Seas, which already are the most energy efficient cruise ships in the world. The fourth Oasis-class ship will further build on that efficiency.

“We are very excited that Royal Caribbean has agreed to move forward with a fourth Oasis-class ship demonstrating their confidence in STX France to construct the most superior cruise ships in the world,” said Laurent Castaing, Chief Executive Officer, STX France.

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Press Release, May 09, 2014; Image: Wikimedia