Oasis of the Seas Sunk into Doubt

February 27, 2009 by admin ·

Oasis of the Seas is set to cost Royal Caribbean a cool $1.2 billion, however in Royal Caribbean’s annual 10-K filing with the U.S. Securities and Exchange Commission they stated “Although we believe that we will be able to, there can be no assurance that we will be able to do so (finance the ship) or that we will be able to do so on acceptable terms.”

Even though Royal Caribbean says Oasis is three quarters built, there are doubts if she will ever set sail, so does this mean that Oasis of the Seas is sunk? If so what effect will that have on Royal Caribbean?

Well recently Royal Caribbean’s credit rating was lowered as they struggle with cash flow due mainly to people spending less on board. Added to this the current financial markets will make it difficult for Royal Caribbean to gain monies from elsewhere. They do have however government financing guarantees from Finnvera, the export credit agency of Finland. This is for 80% of the financed amount for both Oasis of the Seas and Allure of the Seas which is also currently being constructed. Though the guarantees are in place Royal Caribbean has yet to line up actual financing for the vessels.

So is Oasis of the Seas sunk before she even sets sail, probably not, this ship will create so much expectancy that she will fill her cruises for a couple of years at least and after all Royal Caribbean will need to get some of their money back.

That all said I think very few cruise lines will be announcing new builds in the next couple of years, after all the order books are already full, yet the ships are not!

Let’s hope Royal Caribbean get to bottom of this, let’s hope Oasis of the Seas is not sunk before she even sets sail.

Bargain Royal Caribbean Cruises

February 24, 2009 by admin ·

As you are aware this is an independent website about Royal Caribbean, with that we are pleased to announce that great Royal Caribbean Bargain Cruises are available from Cruisegle our sister website.

Cruisegle is a Cruise website that is dedicated to making your Royal Caribbean cruise extra special with their Royal Caribbean Bargain Cruises section.

Mariner of the Seas

February 20, 2009 by admin ·

Royal Caribbeans‘ Mariner of the Seas has now started to cruise from Los Angeles on the west coast of America. Mariner of the Seas is the largest cruise ship to home port on the west coast and will operate a series of seven night cruises to Mexico.

More Royal Caribbean Ships Added

February 10, 2009 by admin ·

Just a quick one to say that More Royal Caribbean Ships Added to the site, these include the Oasis Class ship Allure of the Seas, the Voyager class ships Navigator of the Seas and Voyager of the Seas and the Vision class ship Legend of the Seas.

Royal Caribbean Cruise Ships

February 8, 2009 by admin ·

With a Royal Caribbean Cruise, your cruise experience not only depends on your itinerary or destination, it also has as much to do with the choice of ship you are on. 

Royal Caribbean has five ship classes of cruise ship, this will expand to 6 when the first of the Oasis class ships, Oasis of the Seas appears later in 2009.

  • Oasis Class
  • Freedom Class
  • Voyager Class
  • Radiance Class
  • Vision Class
  • Sovereign Class

Oasis Class

The Oasis class ships will be the largest cruise ships afloat and are part of what Royal Caribbean once named the Genesis Project.

Freedom Class

Freedom class ships are currently the largest ships Royal Caribbean has. Being innovative Royal Caribbean introduced Freedom of the Seas and it’s unique surf rider on board the Freedom ships. Also you will find a water park, whirlpools, an Everlast boxing ring, and the now usual Royal Caribbean rock-climbing wall. Independence of the Seas, the third and final Freedom class ship cruises from Southampton each summer.

Voyager Class

The Voyager class ships appear to be a smaller version of the Freedom class ships and are perfect for the sports enthusiasts with mini-golf courses, rock-climbing walls, and ice skating rinks.

Radiance Class

Many peoples favorite, the Radiance class ships are known for their unique design with open space balconies and glass walls making you feel closer to the sea than virtually any other cruise ship.

Vision Class

There are two versions of the Vision class ships, the difference being the internal layout of some of the decks, however with a monumental amount of glass canopy these ships are for those who want a great time on the sea.

Sovereign Class

The oldest and smallest class is the Sovereign class ships, they also offer great family fun with programs for the kids and the usual casinos and bars for the adults.

Whatever class of ship you choose and wherever you go, the Royal Caribbean Cruise Ships will give you more than just a cruise!