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Two newbuilds to join fleet of Royal Caribbean in 2021

Two newbuilds to join fleet of Royal Caribbean in 2021

By the end of the first quarter of this year, Odyssey of the Seas, Royal Caribbean's second Quantum Ultra Class cruise ship, is expected to join the company's fleet.

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In December 2020, Meyer Werft floated off the Odyssey of the Seas. To collect its masts and chimney, the ship then moored at the outfitting pier in the shipyard harbor.

Royal Caribbean said the ship is the first of a total of two newbuild deliveries planned for this year, announcing its company results for the fourth quarter of 2020 and the whole of the last year.

Silver Dawn, which is being designed by Italian shipbuilder Fincantieri, is the second ship set for completion and delivery in the fourth quarter of the year. The two vessels make up the bulk of the company's $2.1 billion in capital expenditures expected for this year.

“The COVID-19 pandemic is having a painful and profound impact on our world and our business; unquestionably, this crisis is the most difficult in the company’s history. We are encouraged to see the sharp decline in cases and the growing availability of vaccines. We can’t wait to get back to the business of showing people the world and making great memories,” commented Richard D. Fain, Chairman and CEO.

Primarily driven by the profound impact of the coronavirus pandemic, the company announced US GAAP Net Loss of $5.8 billion for the full year of 2020, compared to US GAAP Net Income of $1.9 billion in the previous year. Compared with adjusted net sales of $2.0 billion in 2019, the adjusted net loss stood at $3.9 billion.

For the fourth quarter alone, a significant decrease from a net income of $273.1 million for the same time in 2019, the US GAAP net loss was $1.4 billion.

Maritime Business World 

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