Royal Caribbean Orders Two Cruise Ships from Meyer Turku
- Business & Finance
Miami-based cruise line operator Royal Caribbean Cruises has placed orders for around 200,000 gross ton large cruise ships under the project name “Icon” at Finnish shipbuilder Meyer Turku.
To be delivered in 2022 and 2024, the new vessel will mark the beginning of a new generation of liquefied natural gas (LNG) powered cruise ships and introduce the use of fuel cell technology.
Royal Caribbean Cruises said that it will begin testing fuel cell technology on an existing Oasis-class ship in 2017, and will also run progressively larger fuel cell projects on new Quantum class vessels being built in the next several years.
Because of the long lead time, many Icon design elements are in early stages, Harri Kulovaara, RCL’s chief of ship design, said, adding that the Icon ships would likely accommodate approximately 5,000 passengers, “but details are still being worked out.”
“With Icon class, we begin the journey to take the smoke out of our smokestacks,” said Richard Fain, chairman and chief executive officer of Royal Caribbean Cruises.
Icon is the first new ship class announced by RCL since Celebrity Cruises’ new Edge class, which debuts in 2018. The company is also expanding its fleet with new Oasis- and Quantum-class ships for Royal Caribbean International.
The order is contingent upon the completion of contractual conditions, including documentation and financing.
RCL said that the final contracts are expected to be completed by year end.
“Based upon current ship orders, projected capital expenditures for full year 2016, 2017, 2018, 2019 and 2020 are USD 2.4 billion, USD 0.5 billion, USD 2.6 billion, USD 1.5 billion and USD 2 billion, respectively. Capacity increases for 2016 through 2020 remain unchanged and do not include potential ship sales or additions that the company may elect to make in the future,” according to RCL.