Richard Fain, Chairman and CEO of Royal Caribbean, gave the following statement:
“Today’s announcement is a reflection of the success of the first two Quantum-class ships. We have received a remarkable response from travel agent partners and travelers, and are thrilled that we’ll be able to deliver another revolutionary ship with our partners at Meyer Werft.”
Quantum class ships have been extremely popular since the launch of Quantum of the Seas in November 2014 and Anthem of the Seas last month. The 3rd Quantum class ship, Ovation of the Seas, is currently under construction and is scheduled to be completed in 2016. Quantum of the Seas and Ovation of the Seas will both homeport in China in 2016.
Michael Bayley said that this 4th Quantum class ship will be a “trailblazer in smart-ship design and vacation innovation”. The order is contingent upon the completion of customary conditions, including financing. No other details have yet to be announced about this 4th Quantum class ship.
Royal Caribbean currently has the following cruise ships under construction/ordered: Ovation of the Seas (2016), Harmony of the Seas (2016), 4th Oasis class ship (2018), and now a 4th Quantum class ship (2019).
Based upon current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6 billion, $2.3 billion, $0.4 billion, $2.4 billion and $1.3 billion, respectively.
Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.5%, 6.3%, 3.1%, 3.9% and 6.5%, respectively. These figures do not include potential ship sales or additions that the company may elect to make in the future.