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Sunday, September 22, 2019

Richard D Fain News

Ocean Cay (Artist's rendering of the MSC custom built island, the Ocean Cay MSC Marine Reserve.)

Cruise Building: Growing, Cleaner and Not Always Bigger

2019 will be the biggest year ever for new ship introductions.The ships are coming. Cruise Lines International Association (CLIA) suggests that in the coming year 18 new ships are on order for CLIA cruise lines. The next few years will see the arrival of new cruise giants at PortMiami and Port Canaveral. But first they will need giant terminals.The Global Impact of Cruise LinesCLIA estimates 30 million travelers will cruise next year, up six percent from 28.2 million in 2018;…

Image: Chantiers de l’Atlantique

RCL Confirms Sixth Vessel Order

Royal Caribbean Cruises Ltd (RCL) just gave confirmation of an order for Chantiers de l’Atlantique, according to a previous option agreement, to build a new Oasis-class cruise ship, due for delivery in the fall of 2023.“At her delivery, she will be the twenty third cruise ship built by our yard for Royal Caribbean Cruises Ltd, and we are especially proud of it”, said Laurent Castaing, General Manager, Chantiers de l’Atlantique."With her outstanding dimensions, the new 2857-cabin ship (hull A35) will belong…

“The Retreat” is an ultra-exclusive private utopia reserved exclusively for Suite Class guests featuring a luxurious pool and sun chairs for ultimate relaxation. Photo: Celebrity Cruises

Celebrity Cruises Reveals Celebrity Edge

Richard Fain, the chief executive officer of Royal Caribbean Cruises Ltd.and Lisa Lutoff-Perlo, CEO of Celebrity Cruises—one of three brands in the Royal Caribbean family—announced a new category of ship that, among other transformational design moves, brings stateroom balconies indoors. Designed completely in 3-D, and featuring the work of A-list global architects and designers, the 2,918-guest Celebrity Edge aims to make discerning global travelers redefine how they experience the world and how intimate a vacation can be.

Legend of the Seas. Photo: Royal Caribbean Cruises Ltd

Thomson Cruises Acquires Second Royal Caribbean Ship

Royal Caribbean Cruises Ltd. has entered into an agreement to sell Legend of the Seas to Thomson Cruises in the UK. Legend will depart Royal Caribbean’s 25-ship fleet in March 2017 and immediately transition to its new owner. The 1,832-passenger ship will join the Thomson fleet in May 2017, and will sail under the name of TUI Discovery 2. The news comes nine days before the launch of the line's latest ship TUI Discovery - another former Royal Caribbean ship and a sister to Legend, Splendour of the Seas.

Photo: Royal Caribbean Cruises Ltd

Royal Caribbean Posts 4Q Profit

Royal Caribbean Cruises Ltd reported 2015 results and provided guidance for 2016. Continuing on its Double-Double trajectory, the company’s adjusted earnings for 2015 were $4.83 per share – up 42% over 2014, and are expected to further increase to $5.90 – $6.10 in 2016. The world's second-largest cruise operator posted net income in the period of $206.8 million or 94 cents a share. That compared with $109.7 million, or 49 cents, the year before, the company announced. Revenue in the quarter rose 4.6 percent to $1.9 billion from a year ago.

Harmony of the Seas. Pic: Royal Caribbean International

World's Largest Cruise Ship Takes to the Water

The hulking shell of Royal Caribbean’s “Harmony of the Seas” — the world’s largest cruise ship — entered the water in France on Friday. It’s expected to take its maiden voyage in 2016. The huge vessel has been under construction since September 2013 in the shipyards in Saint-Nazaire. The 16-deck ship will carry 6,360 passengers along with 2,100 staff. It weighs 227,000 tons and measures 1,187 feet — that’s 50 meters longer than the height of the Eiffel Tower. Harmony is also a metre wider than the current twin ocean-going monsters of the pleasure cruise world, which are also 362 metres long.

Anthem of the Seas passes newly enhanced Explorer of the Seas as she departs on her maiden voyage from Southampton, UK. Photo: Royal Caribbean Cruises Ltd

Another Megaship to Join Royal Caribbean Cruise Fleet

Royal Caribbean has ordered a fourth ship for its Quantum Class family of ships from Meyer Werft. The ship will be delivered in 2019. With two Quantum-class vessels already delivered and a third under construction, Royal Caribbean Cruises on Thursday announced plans to order a fourth. The Miami-based cruise ship company said it had entered into an agreement with the Meyer Werft shipyard in Germany to build the 4,180-passenger vessel. The sister ship to Quantum and Anthem of the Seas will be delivered in 2019…

Michael Bayley

RCCL: Bayley, Lutoff-Perlo take CEO Posts

Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean International. Lisa Lutoff-Perlo, whose career at the company began in the New England sales office, will serve as President and CEO of Celebrity Cruises. “This is a happy day for Michael and Lisa, and a proud day for all of us at the company,” said Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises Ltd.

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Celebrity Cruises Orders 2 New Ships

Celebrity Cruises has taken a bold step in ship design with the signing of a letter of intent for a new class of vessels, Royal Caribbean Cruises Ltd. and French shipbuilder STX France announced today. The two 2,900-guest, 117,000-gross-registered-ton ships, developed under the project name EDGE will build upon the modern luxury experience of the brand’s Millennium and Solstice Class vessels. At 984 feet long, 123 feet wide and 190 feet high, Project EDGE will deliver small ship itineraries with large ship amenities, a perfect vacation experience in step with today’s premium vacationer.

Cruise liner Quantum lll: Design image courtesy of Meyer Werft

Cruise Ship 'Quantum Leap' for Meyer Werft

Royal Caribbean Cruises contracts for a third Quantum-class cruise ship to be constructed in the Meyer Werft shipyard. The delivery is for mid-2016 and the price and terms of the new ship are similar to the price and terms of the first two Quantum-class ships, subject to financing conditions. "We are excited to construct these tremendous ships to meet guests' demand for an exceptional cruise experience," said Bernard Meyer, managing partner Meyer Werft. Including this contract and existing ship orders…

Oasis of the Seas: Photo credit Wiki CCL

STX France Wins 'Oasis-class' Cruise Ship Contract

Royal Caribbean International chooses STX France to build its third 'Oasis- class' ship. This, the third ship of the Oasis- class, is due for delivery in mid-2016, and an option for a second ship due in mid-2018 is also provided for in the contract. "The Oasis of the Seas and Allure of the Seas have fundamentally transformed the cruise experience for our guests," said Richard D. Fain, chairman and chief executive officer of Royal Caribbean Cruises Ltd. "These ships have consistently generated outstanding guest satisfaction ratings and continue to produce superior financial results.

Serenade of the Seas: Photo credit RCL

Royal Caribbean Cruises Added to NASDAQ Sustainability Index

Royal Caribbean Cruises Ltd (RCL) recognized as one of the top 100 companies in the world for its sustainability practices. The NASDAQ OMX CRD Global Sustainability Index is designed to track the performance of companies that are taking a leadership role in sustainability performance reporting. These companies have voluntarily disclosed their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, management composition and community investing.

Royal Caribbean Promotes Executives

Royal Caribbean Cruises's Brian Rice has been promoted to Vice Chairman and CFO of Royal Caribbean Cruises Ltd. In this expanded role, Rice will continue to oversee the finance function, but also take on responsibility for the company's supply chain department, as well as focusing more on strategic issues. Rice will continue to report directly to Richard D. Fain, Chairman and CEO. Rice has been with Royal Caribbean for over 20 years, most recently as Executive Vice President and CFO.

Bayley Tapped as President, CEO Celebrity Cruises

Royal Caribbean Cruises, Ltd. said that Michael Bayley has been promoted to President and CEO of Celebrity Cruises, replacing Dan Hanrahan, whose departure was recently announced. Bayley will report directly to Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises, Ltd. Bayley has been with Royal Caribbean for over 30 years, most recently as Executive Vice President of Operations. Prior to this role, Bayley served as Executive Vice President — International, where he oversaw the international expansion for the company.

Cruise LIne Sees European Financial Woes Impact

Since the company's April guidance, the strengthening of the U.S. Dollar and decreases in fuel pricing have essentially offset one another. Business demand remains solid in the Caribbean and Asia, but larger than anticipated discounting has been required in Europe which has resulted in a one percentage point decline to the midpoint of the company's Constant-Currency Net Yield expectations for the year. ◦    Net loss was ($3.6 million), or ($0.02) per share, versus net income of $93.5 million, or $0.43 per share, in 2011.

Royal Caribbean Q3 Results

Royal Caribbean Cruises Ltd. (NYSE:RCL) announced earnings for the third quarter of 2009 and provided guidance for the fourth quarter and full year. •    Third quarter 2009 net income was $230.4 million, or $1.07 per share, compared to net income of $411.9 million, or $1.92 per share in 2008. •    The results were better than the company's most recent guidance of $0.95 to $1.00 per share, driven primarily by the strength of close-in bookings. •    Net Yields for the third quarter decreased 16.5% versus 2008, somewhat better than the company's previous guidance of down approximately 18%.

RCCL Names Pimentel President & CEO

Royal Caribbean Cruises Ltd. (RCCL) has announced the appointment of Larry Pimentel to the newly created position of president and chief executive officer of Azamara Cruises. Pimentel will have responsibility for the strategic direction and leadership of the deluxe brand to ensure its continuous growth and success. He will report directly to Richard D. Fain, chairman and chief executive officer of RCCL. Pimentel has more than 25 years of travel industry experience catering to the high-end consumer.