Royal Caribbean Group (NYSE: RCL), shares gained sharply Tuesday. The company, a global vacation leader that claims to be redefining the future of vacations, today announced a long-term framework agreement with Meyer Turku that secures Royal Caribbean Group's rights to build at the yard through the next decade.
As part of this agreement, Royal Caribbean Group also confirms an order for Icon 5 to be delivered in 2028, subject to financing, and adds an option to build Icon 7 (in addition to the previously announced option to build Icon 6).
This multi-year agreement strengthens Royal Caribbean Group's relationship with Meyer Turku, one of the world's largest and most modern shipyards specializing in cruise ships, and readies Royal Caribbean Group for a new, game-changing class of ship beyond Icon.
"As we continue to reimagine the future of vacations, we are excited to continue collaborating with Meyer Turku to grow the Icon Class - a first-of-its-kind series that delivers exceptional vacation experiences - and position us to usher in a new era of innovation that will disrupt the vacation sector through 2036," said Royal Caribbean CEO Jason Liberty. "This is an exciting time for our company, and we are proud to launch this new stage in our history with our esteemed partners, Meyer Turku, the Finnish government, and the Finnish maritime cluster."
RCL shares jumped $6.70, or 2%, to $336.00
Related Stories
