Spectrum of the Seas

Royal Caribbean amends loans on Anthem and Spectrum of the Seas due to coronavirus pandemic

In:
10Apr2020

In light of the global health crisis, Royal Caribbean Cruises Ltd. has altered the loans it took out to finance Anthem of the Seas and Spectrum of the Seas in order to take advantage of a 12-month debt holiday.

The deal was made between Royal Caribbean Cruises Ltd and Euler Hermes Aktiengesellschaft on April 8, and it essentially means Royal Caribbean to skip a few payments without accruing additional interest. Moreover, it provides the cruise line with $200 million of incremental liquidity through April 2021.

The deferral period is between April 1, 2020 and March 31, 2021. The deferred money will be repayable in eight equal semi-annual installments between April 2021 and October 2024.

In addition, Royal Caribbean amended the export-credit backed loan facility incurred to finance Celebrity Reflection in order to incorporate the benefits of the Debt Holiday. Across these three facilities, the Debt Holiday initiative will generate $200 million of incremental liquidity through April 2021.

Royal Caribbean is also looking into taking advantage of the debt holiday initiative across the remainder of their Hermes-backed facilities.

The loan amendment has a few stipulations, including Royal Caribbean Cruises Ltd. may not take certain actions including:

  • Payment of dividends
  • Repurchase of stock
  • Issuance of debt or equity other than for liquidity

Video: Spectrum of the Seas Humanitarian Cruise for Australian Bushfire First Responders

In:
11Mar2020

When Royal Caribbean decided to move Spectrum of the Seas out of Asia due to the Coronavirus outbreak, the cruise line took this opportunity to give back to the first responders of Australia.

A number of complimentary humanitarian sailings were offered in support of Australia's volunteer first responder community, who worked tirelessly during the recent bushfire crisis. 

Volunteers and their families were invited from all over Australia to sail on Spectrum of the Seas.

Royal Caribbean worked with state-based volunteer agencies directly to notify and encourage eligible volunteers to register for their complimentary cruise. The company partnered with Lifeline to provide individual support sessions for any guests who have been impacted by the bushfires and need to talk through calling the Bushfire Recovery line 13HELP on 13 43 57.

Photos: Spectrum of the Seas arrives in Sydney, Australia

In:
27Feb2020

Royal Caribbean's Spectrum of the Seas arrived in Sydney, Australia this week after the impact of Coronavirus in Asia forced Royal Caribbean to redeploy her away from the region.

Royal Caribbean announced two weeks ago it would reposition Spectrum of the Seas to Australia as a gesture to thank the humanitarian efforts put forth to combat the wildfires.

Aaron Armitage took photos of Spectrum of the Seas in Sydney Harbour, marking her arrival.

When circumstances improve in China, Royal Caribbean International president and CEO Michael Bayley said, Royal Caribbean International will dedicate a ship in China to a series of complimentary sailings to thank first responders and medical personnel for their heroic efforts to defeat the virus.

Royal Caribbean opens up bookings for complimentary sailings to first responders on Spectrum of the Seas

In:
24Feb2020

Royal Caribbean recently announced it would reposition Spectrum of the Seas to Australia as a gesture to thank the humanitarian efforts put forth to combat the wildfires. The cruise line has now opened bookings for two complimentary sailings.

Royal Caribbean announced the two sailings will take place on Spectrum of the Seas:

  • Saturday February 29th to Wednesday 4th March
  • Saturday March 7th to Wednesday 11th March

If you have been a Volunteer First Responder, head to www.ARoyalThankYou.com for your chance to get a free sailing.

To be eligible to enter for the chance to win a prize, Volunteer First Responders must visit www.aroyalthankyou.com, follow the prompts to the promotion entry page, input the requested details (including full name, date of birth, address, email, contact number and proof of government emergency service ID), answer the following promotional question “What do you believe is the most important characteristics of a Volunteer First Responder?” (150 words or less) and submit the fully completed entry form during the Promotional Period.

The complimentary cruises include:

  • Cruise fare
  • All taxes and fees
  • All meals in the main dining rooms, excluding specialty restaurants
    • Including Beer and Wine service at Dinner meals (Guests 18+ only)
  • All tea, coffee, soft drink and bottled water
  • Voom WIFI – discounted price of $5 per day per device (surf & stream)
  • Shows and entertainment
  • Activities including:
    • iFly
    • Flowrider
    • SeaPlex, including games arcade and bumper cars
    • North Star
    • Sky Pad
    • Adventure Ocean Youth Program
    • Fitness Centre, excluding specialty classes

Entries close AEDT Tuesday 25 February 10am. Winners will be notified by end of the business day on Tuesday 25 th February 2020.

Royal Caribbean will move Spectrum of the Seas to offer complimentary cruises to Australia's first responders

In:
14Feb2020

In light of the ongoing Coronavirus issues in China, Royal Caribbean has announced it will move Spectrum of the Seas to Australia as a gesture to thank the humanitarian efforts put forth to combat the wildfires.

Spectrum of the Seas will travel to Australia and be deployed on complimentary cruises sailing from Sydney in support of Australia's first responder community, who worked tirelessly over many weeks of the bush fire crisis.

"We are in a fortunate position to offer these brave and selfless members of the Australian community the opportunity to join us for a few days and let them relax and unwind in the company of other volunteers and first responders," said Michael Bayley, president and CEO of Royal Caribbean International. "By welcoming and accommodating them aboard Spectrum of the Seas, we hope to recognize their contribution and offer them our hospitality."

Bayley made it clear Spectrum of the Seas has not been in China for more than two weeks, which makes the ship safe from possibly transporting Coronavirus.

Royal Caribbean intends to also thank those that are currently combating the spread of Coronavirus. When the situation in China improves, as it relates to Coronavirus, Royal Caribbean International will dedicate a ship in China to a series of complimentary sailings to thank first responders and medical personnel for their heroic efforts to defeat the virus.

Further details of the cruises will be shared as final itineraries are developed.

Royal Caribbean announces third China cruise cancellation due to coronavirus

In:
29Jan2020

Royal Caribbean released a new statement on the ongoing coronavirus outbreak and announced a third Spectrum of the Seas sailing cancellation.

In addition to the two cancelled sailings previously announced, the cruise line has cancelled an additional sailing of Spectrum of the Seas through February 8th.

"As has been widely reported, China has moved aggressively to contain the spread of the virus.  As a result of these measures, and after consultation with national and local health authorities, the company has cancelled three sailings through Feb 8th, on the high yielding Spectrum of the Seas, currently its only ship homeported in China."

Royal Caribbean only has Spectrum of the Seas based in China during the winter sailing season, with two additional ships are scheduled to join in May and July 2020, respectively.  For all of 2020, China represents about 6% of the company's capacity.

The company estimates that this (which included the Chinese new year's cruises) will impact 2020 financial results by approximately $0.10 per share.  If the travel restrictions in China continue until the end of February, the company estimates that this would further impact its results by an additional $0.10 per share.

The company also commented on the long-term impact of the virus on the cruise business:

"There are still too many variables and uncertainties regarding this outbreak to calculate the overall impact on the business.  For example, we expect an erosion of consumer confidence in China could have an additional impact on load factor and rate in the region until the market normalizes.  If these travel restrictions continue for an extended period of time, they could have a material impact on the overall financial performance of the company."

Coronavirus fears force Royal Caribbean to cancel cruises in China

In:
27Jan2020

Multiple media outlets are reporting Royal Caribbean has canceled at least the next two Spectrum of the Seas sailings out of concern over the spread of Coronavirus.

The Spectrum of the Seas sailings from Shanghai scheduled for January 27 and January 31 have been canceled.

A cruise line spokesperson said: "In light of the latest developments with the coronavirus outbreak in China, we are suspending the January 27 and January 31 sailings of Spectrum of the Seas, currently our only ship homeported in China. We are working with our guests to provide full refunds for the cancellation. The health and safety of our guests and crew is our primary concern, and we continue to work with the World Health Organization, the Centers for Disease Control, and government health authorities to monitor the situation."

Royal Caribbean is also assuring its guests it is taking other proactive steps to ensure guest safety, such as special sanitizing of high traffic areas, adding additional medical staff onboard, and providing consultations with medical experts.

As of January 27, 81 people have been killed from the virus, along with another 3,000 infected. Forty-four cases have been confirmed outside of China. 

Royal Caribbean announces 2021 Spectrum of the Seas sailings from China

In:
12Dec2019

Royal Caribbean revealed the 2021 sailings for Spectrum of the Seas from China and are available to book.

In 2021, Spectrum of the Seas will sail from Shanghai, China and offer a variety of sailings to destinations around the Far East.  Spectrum will also offer culturally-immersive sailings with stops at some of Japan’s most incredible destinations.

You can view all of Spectrum of the Seas 2021 sailings.

Royal Caribbean Crown & Anchor Society members can begin booking sailings on December 12, 2019, with the general public available to begin booking on December 13, 2019.

Spectrum of the Seas becomes largest cruise ship to visit Russia

In:
26Sep2019

Royal Caribbean's Spectrum of the Seas is now the biggest cruise ship to ever visit a Russian port. 

On September 9, 2019, Spectrum visited the port of Vladivostok, Russia after passing under the famous ‘Russky’ bridge.

During the ship’s visit to Vladivostok more than 200 Russian guests joined the ship as the first Russian’s to sail onboard Spectrum from a Russian port. The guests will visit cities in Japan and China during a 7-night cruise aboard the innovative ship.

“This is a very big achievement for us in the Russian market. Together with our partners, Inflot, we are excited to see our guests enjoying Spectrum of the Seas. These types of opportunities help us continue to grow our business in the Far East as we have more Russian guests explore our Asian itienraries,” said Natalia Bentas, Sales Manager Europe/ Middle East /Africa IRs, Royal Caribbean Cruises Ltd.

Julia Dmitrieva, product director at Inflot, the official representative of the cruise company in Russia, shared: “We have been preparing for this event for over year. The first visit to a Russian was a complete success due to the coordinated efforts of the team, our company’s specialists, port agents and customs services of the port of Vladivostok.”

Royal Caribbean to begin charging for select signature attractions on Singapore sailings

In:
15Jul2019

Guests sailing on Royal Caribbean roundtrip sailings from Singapore beginning November 16, 2019 will find fees for some signature attractions onboard. Nine-night or longer and repositioning sailings are excluded.

 

Royal Caribbean will begin charging for North Star and Ripcode by iFly features as a mean of improving, "the guest experience by minimizing wait times and no show reservations".

Guests will be able to purchase tickets for these activities on Cruise Planner. The costs for these features onboard Quantum of the Seas’ Singapore departures will be:

  • Ripcord by iFly: $29 pp USD
  • North Star: $12 adults pp USD / $8 child pp USD (up to 11 years)
  • Bumper Cars: Complimentary (with option to upgrade to Express Lane for $5 pp USD)
    • Please Note: Express Lane option is to be paid onboard at the Seaplex/Bumper Car area

Royal Caribbean has been charging for North Star and Ripcord by iFly on Quantum of the Seas in China since 2015.

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