During the Royal Caribbean second quarter 2012 financial results conference call, Royal Caribbean chairman hinted at the possibility that Royal Caribbean could order a new ship for either Royal Caribbean or its sister company, Celebrity Cruises.
Royal Caribbean's two largest shareholders, A Wilhelmsen AS and Cruise Associates, have informed Royal Caribbean that they have terminated the Shareholders’ Agreement between themselves. The deal between the two shareholders meant they agreed to vote their shares for the election as directors of four nominees of each shareholder.
North America has been the perennial leader in cruising for so many years now but Royal Caribbean's Chairman Richard Fain thinks that will change. During the launch of Celebrity Cruise's newest ship (Royal Caribbean owns Celebrity Cruises), Fain made this profound prediction, "Next year, the rest of the world will book more cruises than North America".
Royal Caribbean held its conference call today to announce the company's second quarter financial results, Royal Caribbean chairman Richard Fain characterized an accounting error from the previous quarter as being "embarrassed".
Royal Caribbean Chairman Richard Fain spoke with CruiseMates about the company's decision to move more of its ships to Australia and the reasons for the change.
Royal Caribbean's Radiance of the Seas is almost ready after undergoing a "revitalization" before she is deployed to Australia later this year. In the meantime, Royal Caribbean has released a number of quick video updates that detail the changes that she has undergone.
Royal Caribbean's Chairman and Chief Executive Richard Fain received a 59% increase in his salary in 2010, which brought his annual paycheck to $8.6 million.
The reason for the increase in pay was mostly due to a cash incentive payment of nearly $4.1 million, about $2.9 million more than the previous year's amount.
Royal Caribbean chairman Richard Fain sat down with Smart Money for a question and answer session to talk about the state of Royal Caribbean today. Here are a few of the questions of particular interest.
SmartMoney: Historically, cruises have been cheaper than vacations on land. Has the gap narrowed?
A cruise is still a better value. It frustrates me that [so many people] haven't cruised. Eighty percent of Americans haven't taken a cruise!
Royal Caribbean Blog is an unofficial fan blog written for other fans of the Royal Caribbean Cruise Line. The Royal Caribbean Blog is not affiliated with Royal Caribbean Cruise Line
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The reason for the increase in pay was mostly due to a cash incentive payment of nearly $4.1 million, about $2.9 million more than the previous year's amount.
