Details on Royal Caribbean's new cruise terminal for Quantum of the Seas
In:As we reported earlier this week, Royal Caribbean got the official go-ahead to build a new cruise terminal at Cape Liberty in Bayonne, New Jersey and today we've got more details as to what the facility will entail.
The $70 million terminal will be paid for by Royal Caribbean and includes a 36,000-square-foot check-in terminal, a 60,000-square-foot luggage area, a parking deck, additional parking and berth improvements. Construction will begin this summer and should be completed by October 2014. Quantum of the Seas is scheduled to have its first cruise out of Cape Liberty in November 2014.
As part of the agreement allowing construction of the cruise terminal, the Port Authority of New York and New Jersey, which owns the marine terminal facility in Bayonne, agreed to extend Royal Caribbean’s operating agreement for the terminal for an additional five years through 2043.
Passenger volume at the Cape Liberty port have been increasing steadily over the past three years, from 393,000 in 2010 to 476,000 in 2012. Once the new cruise terminal is complete, officials expect the passenger volume to increase to about 600,000.

According to Fain, cruise ships built since 2006 are generating 25% more revenue per berth than their older sister ships. Moreover, operating costs for older ships are more than 20% higher per berth.
In his testimony, US Coast Guard Rear Admiral Joseph Servidio spoke to why the fire became as large as it was. Admiral Servidio said a deluge system vale, which is a piece of firefighting equipment, was inaccesible because of the fire's location. In addition, an open deck hatch allowed the fire to spread.
In a statement from the ministry, the meeting was focused on access to the resort area, increased integration of the villagers of
Royal Caribbean noted that its earnings during the quarter include an impact of $0.05 per share related to the Grandeur fire and a non-cash charge of $0.07 per share accounting correction related to the company's affinity credit card program.
The Board of Commissioners approved the plan earlier tonight at a meeting. The purpose of the proposal is to allow the port to handle Royal Caribbean's newest cruise ship, Quantum of the Seas, which will arrive in November 2014.
Royal Caribbean is one of three of the largest cruise ship operators appearing before the committee today after U.S. Senator Jay Rockefeller introduced legislation yesterday that would require disclosure of the crime data and make the Department of Transportation responsible for consumer protection on cruises.
The new rules are part of the North American Emissions Control Area (