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Wow!

From the press release (http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=rcl&script=410&layout=9&item_id=812774) that the company just issued today:

MIAMI, Feb. 6 /PRNewswire-FirstCall/ -- Royal Caribbean International fast-forwarded cruise-ship innovation today by ordering a new ship that will take the line's award-winning guest experience far into the future. The 5,400-guest, 220,000-gross-registered-ton ship, a prototype developed under the project name, Genesis, builds upon the trailblazing innovations of the brand's landmark Voyager and Freedom classes of ships. Finnish shipbuilder Aker Yards will build the ship for a Fall 2009 delivery, continuing a 35-year collaboration with Royal Caribbean.

At 1,180 feet long, 154 feet wide and 240 feet high, Project Genesis will give Royal Caribbean ample room to create memorable new icons and amenities to heighten guests' cruise experience. Energy efficiency also was prioritized in the new design with significant modifications made in the form of the hull and in the air conditioning and water production and treatment systems.


This class of ships is 42.5% larger and carries about 48.6% more passengers than MV Freedom of the Seas (160,000 gross registered tons, 3634 passengers), which will become the largest passenger vessel on the seas when she enters service in May 2006. Also, two more sisters to MV Freedom of the Seas will enter service "in the spring of 2007" (http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=rcl&script=410&layout=9&item_id=611058) and "early in 2008" (http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=rcl&script=410&layout=9&item_id=690870) for the compnay's Royal Caribbean International line.

Sister line Celebrity cruises also has a new ship under ocnstruction for delivery "in Fall 2008" (http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=rcl&script=410&layout=9&item_id=729049) that is substantially larger than that line's largest vessels, with an option for a sister vessel. Taken together, these vessels will bring a significant increase in the capacity of both lines and in corporate profits.

Norm.
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