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Marine Log

February 26, 2008

Meyer to build fifth Solstice for Celebrity

Meyer Werft, Papenburg, Germany says it has a "pre-contract" from Celebrity Cruises (Miami), a subsidiary of Royal Caribbean Cruises Ltd, for a fifth 122,000 gt Solstice Class.

Delivery of the fifth ship is scheduled for fall 2012. The first ship of this class, the Celebrity Solstice, will be delivered this fall. The other ships will follow at one-year intervals each.

The 122,000 gt Solstice ships will have a length overall of 315 m and a breadth of 36.8 m. They will accommodate 2,850 passengers in 1,425 cabins. More than 90% of all cabins are outside cabins, 90% of which have their own balconies.

Meyer Werft did not disclose a price, However in its latest 10-K filed with the SEC on February 19, Royal Caribbean says:

"Recently we reached an agreement with Meyer Werft to build a fifth Solstice-class ship for Celebrity Cruises, subject to certain conditions, for an additional capacity of approximately 2,850 berths, expected to enter service in the fourth quarter of 2012. Based on current exchange rates, we estimate the all-in cost of this ship will be approximately $320,000 per berth."

That would equate to a price tag of around $912 million.

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