Royal Caribbean orders fourth Oasis-class cruise ship

In:
09May2014

Royal Caribbean announced today it has ordered a fourth Oasis-class cruise ship to be built at STX France that will be ready in 2018.

Royal Caribbean chairman Richard Fain made the announcement today at the keel-laying ceremony for the third Oasis-class ship in STX shipyard in Saint-Nazaire, France.

The order of a fourth ship in the Oasis class 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.

“The Oasis Class was a revolution in maritime design when it was launched in 2009. Oasis of the Seas and Allure of the Seas continue 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 third Oasis-class ship is also being built in Saint-Nazaire, France. It is scheduled for delivery in mid-2016.