Announcement Made as STX France Lays Keel for Third Oasis-Class Ship
MIAMI, May 9, 2014 /PRNewswire/ — Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) announced today that it has agreed with STX France to move forward on the order of a fourth Oasis-class ship for delivery in 2018. Royal Caribbean Cruises Ltd.’s 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 Seascontinue 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.
Known for pushing the boundaries and as part of the cruise line’s continuous improvement mantra, 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.
The third and fourth Oasis-class ships will join Oasis of the Seas and Allure of the Seas – which took the cruise industry by storm with their launch in 2009 and 2010, respectively – and share the title of the largest ships in the world. They feature a revolutionary design with a split superstructure and the cruise line’s neighborhood concept of seven distinct themed areas. At 225,282 gross registered tons and spanning 16 decks with 2,700 staterooms, the Oasis-class ships also introduced extraordinary “firsts” at sea such as an 82 foot-long zip line, a handcrafted carousel, the Rising Tide elevating bar, the AquaTheater high-diving performance venue, and the Central Park with more than 12,000 live trees and plants. The Oasis Class also offers amenities that can only be found on Royal Caribbean, such as twin FlowRider surf simulators, cantilevered whirlpools, an ice-skating rink, the H2O Zone kids aquapark, and the Royal Promenade, an interior boulevard that stretches nearly the length of the ship and flanked by restaurants, lounges and boutiques, among many others.
SOURCE Royal Caribbean Cruises Ltd.