Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd.

Type	Publicly traded limited company
Traded as	NYSE: RCL, OSE: RCL
Industry	Travel, tourism
Founded	1997
Headquarters	Miami, Florida, U.S.
Key people	Richard D. Fain (Chairman and CEO)
Services	Cruises
Revenue	US $6.753 billion (2010)
Operating income	US $802.6 million (2010)
Net income	US $547.5 million (2010)
Total assets	US $19.69 billion (end 2010)
Total equity	US $7.943 billion (end 2010)
Employees	58,050 (end 2010)
Website	rclinvestor.com

Royal Caribbean headquarters

Royal Caribbean Cruises Ltd. is a Norwegian / American company based in Miami, Florida. It is the world's second-largest cruise line operator, after Carnival Corporation & PLC. As of March 2009, Royal Caribbean Cruises Ltd. fully owns five cruise lines: Royal Caribbean International, Celebrity Cruises, Pullmantur Cruises, Azamara Club Cruises and CDF Croisières de France, plus has a 50% stake in TUI Cruises. Previously Royal Caribbean Cruises also owned 50% of Island Cruises, but this was sold to TUI Travel PLC in October 2008.

History

Royal Caribbean Cruises Ltd. was formed in 1997 when Royal Caribbean Cruise Line, founded in 1968, and Celebrity Cruises, founded in 1988, was then purchased. The decision was made to keep the two cruise line brands separate following the merger; as a result Royal Caribbean Cruise Line was re-branded Royal Caribbean International and Royal Caribbean Cruises Ltd. was established as the new parent company of both Royal Caribbean International and Celebrity Cruises.

A third brand under Royal Caribbean Cruises ownership was formed in 2000 when Island Cruises was created as a joint venture with British First Choice Holidays. Island Cruises became an informal cruise line on the British and Brazilian markets.

In November 2006, Royal Caribbean Cruises purchased Pullmantur Cruises based in Madrid, Spain. From there, the company expanded radically with the creation of new cruise lines: Azamara Club Cruises was created in May 2007 as a subsidiary of Celebrity Cruises and CDF Croisières de France, aimed at French-language customers, in May 2008. Another new cruise line, TUI Cruises began operations in 2009. The brand is aimed at a German-speaking audience and is a joint venture with TUI Travel PLC.

TUI AG had previously become the owner of 50% of Island Cruises following their acquisition of First Choice Holidays in 2007. In October 2008 Royal Caribbean Cruises sold their share of Island Cruises to TUI.

Cruise lines owned by RCCL

Brands & ships

(completion dates below are the dates when ships entered service)

• Royal Caribbean International -
  • Sovereign Class ships: all built by Chantiers de l'Atlantique, France.
    • Monarch of the Seas (completed November 1991) - 73,937 tons / 2,774 passenger berths + 858 crew
    • Majesty of the Seas (completed April 1992) - 73,941 tons / 2,774 passenger berths + 827 crew
    • Sovereign of the Seas has been transferred to the subsidiary company Pullmantur Cruises as Sovereign (see below).
  • Vision Class ships:
    • Legend of the Seas (completed May 1995 by Chantiers de l'Atlantique) - 69,130 tons / 2,076 passenger berths + 720 crew
    • Splendour of the Seas (completed March 1996 by Chantiers de l'Atlantique) - 69,130 tons / 2,064 passenger berths + 720 crew
    • Grandeur of the Seas (completed December 1996 by Kvaerner Masa-Yards, Finland) - 74,137 tons / 2,446 passenger berths + 760 crew
    • Rhapsody of the Seas (completed May 1997 by Chantiers de l'Atlantique) - 78,491 tons / 2,435 passenger berths + 765 crew
    • Enchantment of the Seas (completed July 1997 by Kvaerner Masa-Yards, Finland) - 81,500 tons / 2,730 passenger berths + 840 crew
    • Vision of the Seas (completed May 1998 by by Chantiers de l'Atlantique) - 78,491 tons / 2,436 passenger berths + 765 crew
  • Voyager Class ships: all built by Kvaerner Masa-Yards, Finland.
    • Voyager of the Seas (completed November 1999) - 137,280 tons / 3,838 passenger berths + 1,176 crew
    • Explorer of the Seas (completed October 2000) - 137,308 tons / 3,840 passenger berths + 1,181 crew
    • Adventure of the Seas (completed November 2001) - 137,276 tons / 3,838 passenger berths + 1,185 crew
    • Navigator of the Seas (completed December 2002) - 137,276 tons / 3,835 passenger berths + 1,185 crew
    • Mariner of the Seas (completed November 2004) - 137,276 tons / 3,840 passenger berths + 1,185 crew
  • Radiance Class ships: all built by Meyer Werft, Germany.
    • Radiance of the Seas (completed April 2001) - 90,090 tons / 2,542 passenger berths + 858 crew
    • Brilliance of the Seas (completed July 2002) - 90,090 tons / 2,500 passenger berths + 869 crew
    • Serenade of the Seas (completed August 2003) - 90,090 tons / 2,500 passenger berths + 858 crew
    • Jewel of the Seas (completed June 2004) - 90,090 tons / 2,500 passenger berths + 858 crew
  • Freedom Class ships: all built by Kvaerner Masa-Yards, Finland.
    • Freedom of the Seas (completed June 2006) - 154,407 tons / 4,375 passenger berths + 1,397 crew
    • Liberty of the Seas (completed May 2007) - 154,407 tons / 4,375 passenger berths + 1,397 crew
    • Independence of the Seas (completed May 2008) - 154,407 tons / 4,376 passenger berths + 1,397 crew
  • Oasis Class ships: both built by Aker Yards, Finland.
    • Oasis of the Seas (completed December 2009) - 222,900 tons / 6,360 passenger berths + 2,164 crew
    • Allure of the Seas (completed December 2010) - 225,062 tons / 6,360 passenger berths + 2,164 crew

• Celebrity Cruises -
  • Century Class ships:
    • Celebrity Century (completed December 1995 by Meyer Werft) - 71,545 tons / 2,150 passenger berths + 858 crew
  • Millennium Class ships: all built by Chantiers de l'Atlantique.
    • Celebrity Millennium (completed June 2000) - 90,228 tons / 2,450 passenger berths + 999 crew
    • Celebrity Infinity (completed March 2001) - 90,228 tons / 2,570 passenger berths + 999 crew
    • Celebrity Summit (completed November 2001) - 90,228 tons / 2,450 passenger berths + 999 crew
    • Celebrity Constellation (completed May 2002) - 90,228 tons / 2,450 passenger berths + 999 crew
  • Solstice Class ships: all built by Meyer Werft.
    • Celebrity Solstice (completed November 2008) - 121,878 tons / 3,145 passenger berths + 1,253 crew
    • Celebrity Equinox (completed August 2009) - 121,878 tons / 3,145 passenger berths + 1,253 crew
    • Celebrity Eclipse (completed June 2010) - 121,878 tons / 3,145 passenger berths + 1,253 crew
    • Celebrity Silhouette (completed June 2010) - 121,878 tons / 3,145 passenger berths + 1,253 crew
    • Celebrity Reflection (to be completed June 2012) - 126,000 tons / 3,323 passenger berths + 1,253 crew
  • Ecotourism ships:
    • Celebrity Xpedition (completed June 2001 by Cassens Werft) - 2,842 tons / 95 passenger berths + 64 crew

• Pullmantur Cruises
  • • Empress (completed June 1990 by Chantiers de l'Atlantique as RCI's Empress of the Seas, and transferred to Pullmantur Cruises in 2008) - 48,563 tons / 2,020 passenger berths + 685 crew
    • Ocean Dream (completed June 1982 by Aalborg Vaerft, Denmark for Carnival Cruise Lines as Tropicale, and purchased by Pullmantur Cruises in 2008) - 35,190 tons / 1,350 passenger barths + 550 crew
    • Pacific Dream
    • Sovereign (completed January 1988 by Chantiers de l'Atlantique as RCI's Sovereign of the Seas, and transferred to Pullmantur Cruises in 2008) - 73,192 tons / 2,882 passenger berths + 825 crew
    • Zenith (completed April 1992 by Meyer Werft for Celebrity Cruises, and transferred to Pullmantur Cruises in 2007) - 47,255 tons / 1,800 passenger berths + 670 crew
    • Horizon

• Azamara Club Cruises
  • • Azamara Journey
    • Azamara Quest

• CDF Croisières de France
  • • Bleu de France (completed January 1982 by Bremer Vulkan, Germany for Hapag Lloyd) 37,301 tons / 1,158 passenger berths + 406 crew

Joint Venture with TUI AG

• TUI Cruises - Mein Schiff 1, Mein Schiff 2

Former brands

• Island Cruises (50% share, owned 2000-2008)

Other companies owned by RCCL

• Air Pullmantur

External links

• Official website