Tagged: Royal Caribbean Cruises Ltd.

Royal Caribbean Sets 2025 Target

Royal Caribbean Cruises Ltd (logo)Royal Caribbean Cruises Chairman and CEO Richard Fain outlined the new company’s new 20 by 25 program on today’s 2019 year-end and Q4 earnings call, targeting $20 earnings per share by 2025. 2019 was the company’s 11th consecutive year of yield growth, which was attributed partially to new hardware, onboard revenue and cost control. (cruiseindustrynews.com)

Galveston and Royal Caribbean Sign Long-Term Agreement for New Terminal

Galveston and Royal Caribbean Sign Long-Term Agreement for New TerminalThe Port of Galveston, the fourth most active cruise port in North America, has signed a long-term contract with Royal Caribbean Cruises Ltd. (RCL) for a new $100 million cruise terminal. Through the public-private partnership, RCL will build the terminal, then lease it from the port for an initial term of 20 years, with four 10-year extension options. (more…)

Cruise ships in French waters agree to pollute less

The main cruise ship operators in French waters have agreed on measures to limit pollution caused by their vessels, including hooking up to the power grid instead of keeping their engines running during stopovers. The “Blue Charter” agreement signed in Marseille by Costa Cruises, MSC Cruises, Royal Carribean Cruises and Ponant also pledged to use less-polluting fuel when maneuvering in harbors as well as other measures to reduce emissions. (reuters.com)

Asia Pacific overtook Europe in 2018 as second most important passenger source

Royal Caribbean Cruises Ltd (logo)Asia Pacific has overtaken Europe as the second most important source region for cruise passengers, Royal Caribbean Cruises Ltd (RCCL) said in its 2018 annual report. The number of Europeans that took a cruise increased by 3.0% to 6.99 million last year, while the Asia-Pacific region experienced a 29.4% increase, to 7.00 million, RCCL said. (cruisebusiness.com)

Royal Caribbean unveils new $300M office plan for PortMiami that will look like a ship

Royal Caribbean plans a $300 million office expansion for PortMiami (Miami Herald)

On Monday the Miami-Dade Tourism and Ports Committee approved a deal that would allow Royal Caribbean Cruises Ltd. to build a new office and parking garage on the land at the southwest corner of Dodge Island next to where its older offices sit now. (www.miamiherald.com)

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