Royal Caribbean skips option to build fourth Quantum class cruise ship

In:
27Jan2014

During Royal Caribbean's fourth quarter financial results conference call, Royal Caribbean Chairman Richard Fain announced the company would not invest in the option to build a fourth Quantum class cruise ship in 2017.

"We remain committed to improving our shareholder returns, returning to an investment grade credit and maintaining moderate growth," said Fain.  "We think that the ships we have on order for our wholly-owned brands will serve us well and we do not anticipate an additional newbuild for delivery in 2017." 

The option Royal Caribbean had in 2017 was for either a fourth Quantum class cruise ship or a Celebrity Reflection cruise ship.

Currently, Royal Caribbean has plans for its first Quantum class ship, Quantum of the Seas, to debut this fall with sister ship Anthem of the Seas following in spring 2015 and a third unnamed Quantum class ship in 2016.