Royal Caribbean Cruises Ltd. has entered into an agreement with Meyer Werft in Germany to order a fourth Quantum-class ship for delivery in 2019.
“Today’s announcement is a reflection of the success of the first two Quantum-class ships,” said Richard D. Fain, chairman and CEO, Royal Caribbean Cruises Ltd. “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 US$1.6 billion, US$2.3 billion, US$0.4 billion, US$2.4 billion and US$1.3 billion, respectively.
Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.5%, 6.3%, 3.1%, 3.9% and 6.5%, 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.