DALLAS, July 31, 2025 /PRNewswire-HISPANIC PR WIRE/ – Safe Harbor announces expansion into the Mediterranean with the acquisition of Monaco Marine, adding to its unmatched global boating and service network.

“The Monaco Marine team cares deeply about providing exceptional service in some of the world’s most iconic yachting destinations,” said Baxter Underwood, CEO of Safe Harbor Marinas. “We are thrilled to be able to serve captains, crews, and owners in places like Saint Tropez, Antibes, and Monaco.”

Monaco Marine includes nine locations in the South of France and Monaco that provide slips, storage, and service for vessels and superyachts up to 90 meters.

Driven by a culture of excellence and sustainability, Monaco Marine has earned the confidence of yacht owners, captains, and shipbuilders worldwide.

With the addition of Monaco Marine, Safe Harbor now owns and operates 149 marinas and shipyards in the world’s most desirable waterfront destinations.

About Monaco Marine

Founded in 1995 in Monaco by Michel Ducros, Monaco Marine is a leading network in the Mediterranean, offering services ranging from maintenance to complete refits for pleasure boats from 10 to 90 meters.

For more, please visit https://www.monacomarine.com

About Safe Harbor Marinas

Safe Harbor is the largest owner and operator of marinas in the world. The company provides exceptional service and memorable experiences for the global boating community.

For more, please visit https://shmarinas.com

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]]> https://caribpr.com/now-serving-the-mediterranean-safe-harbor-welcomes-monaco-marine/feed/ 0 https://caribpr.com/royal-caribbeans-next-edition-of-its-artist-discovery-program-to-shine-on-star-of-the-seas/ https://caribpr.com/royal-caribbeans-next-edition-of-its-artist-discovery-program-to-shine-on-star-of-the-seas/#comments Thu, 16 Jan 2025 16:18:46 +0000 caribpr https://caribpr.com/?p=15940

The vacation brand’s art program will spotlight up-and-coming Caribbean artists on Star of the Seas

MIAMI, Jan. 16, 2025 /PRNewswire-HISPANIC PR WIRE/ — More ways to bring to life the heart of the Caribbean, its people, beauty and culture are on deck. Royal Caribbean announced that its “Artist Discovery Program” returns to the Caribbean, calling on brilliant artists across the region to showcase their work on the next combination of the best of every vacation, Star of the Seas. Set to debut in Port Canaveral (Orlando), Florida, in August 2025, Star will provide a dynamic canvas for up-and-coming artists to capture and share the rich Caribbean spirit onboard with vacationers from all over the world for generations to come. Local artists across the Caribbean can send their submissions starting today through February 15^thhere.

Introduced on Icon of the Seas, the program will highlight rising stars among local Caribbean artists featured in Star’s curated art collection, giving budding artists the opportunity to share their talent. The program aims to celebrate the destinations and people that make vacations with Royal Caribbean the vacation of a lifetime.

“We are excited for this next edition of The Artist Discovery Program and can’t wait to be awestruck by visionary artists across the Caribbean. Last year, our first-ever call to artists received an overwhelming response with more than 140 artists across 25 Caribbean countries submitting pieces that told a unique story and captured the allure of the region,” said Jay Schneider, chief product innovation officer, Royal Caribbean International. “Our goal is to connect our guests to the enduring beauty and creativity of the Caribbean, and this immersive program is a pathway to celebrating and exploring local culture while onboard the next Icon of vacations – Star of the Seas.”

The Artist Discovery Program’s next group of budding artists will be commissioned to paint large-scale murals in four highly visible locations including the Royal Promenade neighborhood representing the heartbeat of the new vacation, Star’s embarkation area which will be among the first sights guests see, and in the Suite Sundeck Lobby, and Suite Sundeck. Joining a collection onboard that includes an array of pieces created by local artists and inspired by the region, each creation will invoke the vibrancy of the Caribbean.

Every artist will receive a grant from the vacation company, ranging from $20,000 to more than $100,000, to see their vision through. As artists in residence, the winners will work closely with the Royal Caribbean’s team later this year to bring their concepts to life in Turku, Finland, where Star is currently under construction.

Artists interested in joining the Artist Discovery Program must submit:

• Five samples of previous works: The work must be original.
• A brief artist statement that helps explain their work, inspiration and other details regarding the pieces submitted.
• A copy of their CV / resume.

This year’s selected artists will join the 2023 inaugural cohort that created iconic murals that are featured throughout Icon of the Seas. The distinguished artists in-residence include Angelika Wallace-Whitfield in The Bahamas; Phillipe Dodard in Haiti, and Jason Hospedales in Trinidad & Tobago. To date, millions of guests embarking on Icon have had the privilege of experiencing these captivating works of art firsthand, celebrating the essence of The Bahamas.

Building on a new era of vacations introduced by Icon of the Seas, Star is the next bold combination of the best of every vacation. From the beach retreat to the resort escape and the theme park adventure, there are experiences for every type of family and adventure across eight neighborhoods that are destinations in themselves. Between the new Lincoln Park Supper Club, six record breaking slides at Category 6, the largest water park at sea, and unrivaled ways to chill at neighborhoods like Chill Island and the luxurious four-level Suite Neighborhood, Starof the Seas sets the stage for everyone to make memories.

Star will sail year-round, 7-night Eastern and Western Caribbean vacations from Port Canaveral (Orlando). Every vacation will visit Royal Caribbean’s top-rated private island destination, Perfect Day at CocoCay in The Bahamas and a lineup of idyllic spots like Cozumel, Mexico; Philipsburg, St. Maarten; and Basseterre, St. Kitts and Nevis. More details about Star are available on Royal Caribbean’s website.

Future editions of the Artist Discovery program will be announced at a later date. Additional information can be found here.

About Royal Caribbean International
Royal Caribbean International, part of Royal Caribbean Group (NYSE: RCL), has delivered memorable vacations for more than 50 years. The cruise line’s game-changing ships and private destinations revolutionize vacations with innovations and an all-encompassing combination of experiences, from thrills to dining and entertainment, for every type of family and vacationer. Voted “Best Cruise Line Overall” for 22 consecutive years in the Travel Weekly Readers Choice Awards, Royal Caribbean makes memories with adventurers across more than 300 destinations in 80 countries on all seven continents, including the line’s top-rated private destination, Perfect Day at CocoCay in The Bahamas.

Media can stay up to date by following @RoyalCaribPR on X and visit www.RoyalCaribbeanPressCenter.com. For additional information or to book, vacationers can visit www.RoyalCaribbean.com, call (800) ROYAL-CARIBBEAN or contact their travel advisor.

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“Lisa has been instrumental in transforming the Celebrity Cruises brand to what it is today,” said Jason Liberty, president and CEO, Royal Caribbean Group. “From helping us introduce the revolutionary Edge Series of ships to advancing the role of women in maritime careers, Lisa has had an incredible career during her time leading Celebrity Cruises, and multiple parts of our Royal Caribbean International brand. I have had the pleasure of working with Lisa for almost 18 years, and I know her expertise will be invaluable as she transitions to serve as my Vice Chair, External Affairs.”

“It has always been difficult for me to imagine leaving the incredible Celebrity brand, but the time is right for me to start an exciting new chapter and turn the helm over to a new leader,” said Lisa Lutoff-Perlo. “It has been my great honor to lead this brand and work alongside the phenomenal Celebrity shoreside team and crew. Together, our accomplishments have been extraordinary. I’m excited to now work closely with Jason on broader initiatives as we sail toward an even brighter future.”

Lutoff-Perlo’s remarkable career with Royal Caribbean Group began in 1985 with her first role as a district sales manager and she went on to trailblaze a legacy of firsts. Along the way, she also led Celebrity Cruises to record growth, revenue, and profit, and she championed the brand’s evolution into the incredible cruise line it is today. Under her leadership, Celebrity Cruises welcomed four new award-winning ships, and underwent the Celebrity Revolution, one of the largest fleet revitalization projects in the industry.

In 2005, Lutoff-Perlo became Celebrity’s first female senior vice president of hotel operations. In 2012, she was named executive vice president of operations for Royal Caribbean International, the first woman in the industry to oversee both hotel and marine operations. Two short years later, she was the first woman appointed to president and CEO of one of Royal Caribbean Group’s brands.

“I would also like to congratulate Laura for her appointment as the next brand president of Celebrity Cruises,” Liberty added. “With her operational experience, business acumen and deep understanding of our company and the cruise industry, I know Laura is the right person to lead Celebrity Cruises to its next phases of growth.”

Most recently serving as executive vice president, shared services operations, Laura Hodges Bethge has been with the company more than 23 years and has held senior positions in many different areas including product development, hotel and marine operations, sales, marketing, product innovation, market development and investor relations.

Hodges Bethge is an exemplary leader with a long history of success at the company. Previously, she was senior vice president of product development for Royal Caribbean International, and led the teams conceptualizing their groundbreaking ships, private island destinations, and new experiences introduced throughout the award-winning fleet, including the first island in Royal Caribbean’s Perfect Day Island Collection – Perfect Day at CocoCay.

“Now 15 ships strong, this is an exciting time for Celebrity Cruises,” said Laura Hodges Bethge. “This year alone, we’ll be welcoming Celebrity Ascent, and reaching key construction milestones in the yet-to-be-named fifth ship in the revolutionary Edge Series. I look forward to building on the incredible achievements of Lisa and this world class team, as we continue to break boundaries and chart new courses in the industry.”

For more information on Royal Caribbean Group’s executive leadership, please visit https://www.royalcaribbeangroup.com/about/.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of December 31, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

About Celebrity Cruises
Celebrity Cruises’ iconic “X” is the mark of a fleet of 15 relaxed luxury resorts at sea taking guests to the world’s best places on the world’s best places. Celebrity revolutionized the industry with its cool, contemporary design and accommodation; dining, spa, and entertainment experiences for modern tastes; and culturally rich and diverse destination experiences, all complemented by warm, personalized service. Driven by wanderlust and a passion for opening the world, Celebrity journeys to all seven continents, visiting nearly 300 destinations in more than 70 countries. Celebrity Cruises is one of five cruise brands owned by global cruise company Royal Caribbean Group (NYSE: RCL). For more information about Celebrity Cruises, please visit www.celebrity.com.

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First Up in the “Artist Discovery Program” Will be a Spotlight on Local Caribbean Artists

MIAMI, March 10, 2023 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean International has launched a search for iconic artistry to bring the Caribbean spirit to life on the iconic canvas that is the world’s best family vacation, Icon of the Seas. In the new “Artist Discovery Program,“ up-and-coming artists from destinations the cruise line visits can vie to put their work on display for millions of vacationers who will set sail for years to come. The program’s purpose is to infuse every region’s spirit and culture into the curated art collections on board ships, in order to highlight and celebrate the very destinations and their people at the heart of Royal Caribbean’s memorable vacations. Beginning in the Caribbean, local artists can send their submissions starting today and through April 4 here.

“The Artist Discovery Program is a project close to our hearts at Royal Caribbean International because the destinations we visit are family. And it’s only fitting that we begin our search for up-and-coming artists who are in the Caribbean; it’s where we got our start more than 50 years ago,” said Michael Bayley, president and CEO, Royal Caribbean International. “Vacationers want to immerse themselves in the places they visit. This is a way to spotlight the beauty of the local cultures and people in the places they see and enjoy every day on their cruise, beginning with large-scale canvases on a first-of-its-kind adventure – Icon of the Seas.”

The first group of budding artists, making up the Artist Discovery Program: Caribbean Edition, will be commissioned to paint nine large-scale murals in three highly visible locations: the Royal Promenade neighborhood, the heartbeat of the new ship; among the first sights guests see at Icon’s main entrance; and within the Suite Neighborhood. Each piece will invoke the vibrancy of the Caribbean, joining the collection on board that will include an array of pieces created by Caribbean artists or inspired by the region.

Every artist will receive a grant from the cruise line, ranging from $20,000 to more than $100,000, to see their vision through. Later this year, as artists in residence, the winners will work closely with the Newbuilding team behind Royal Caribbean’s renowned ships to bring their concepts to life in Turku, Finland, where Icon is under construction.

To vie for a spot in the first edition of Artist Discovery Program, artists must submit the following:

• Five samples of conceptual work: The work must be original and may not currently be published or on display.
• A brief artist statement that helps explain their work, inspiration and other details regarding the pieces submitted.
• A copy of their resume.

Icon is the first-of-its-kind combination of the best of every vacation. From the beach retreat to the resort escape and the theme park adventure, the brand-new getaway delivers every kind of family and vacationers their version of the ultimate family adventure. In store is an all-encompassing lineup of firsts and next-level favorites across eight neighborhoods. Between the adrenaline-pumping thrills at the new Thrill Island neighborhood and unrivaled ways to chill at neighborhoods like the new Chill Island and the luxurious four-level Suite Neighborhood, adventurers bonding with their families or getting away with friends will have all the ways to stay and play their way.

The first Icon Class ship will sail year-round, 7-night Eastern and Western Caribbean vacations from Miami. Every cruise will visit Royal Caribbean’s top-rated private island destination, Perfect Day at CocoCay in The Bahamas, and a mix of destinations like Cozumel, Mexico; Philipsburg, St. Maarten; and Basseterre, St. Kitts. More details about Icon are available at www.RoyalCaribbean.com/Icon.

Future editions of the Artist Discovery Program will be announced at a future date. Additional information on the program can be found here.

About Royal Caribbean International
Royal Caribbean International, owned by Royal Caribbean Group (NYSE: RCL), has been delivering innovation at sea for more than 50 years. Each successive class of ships is an architectural marvel that features the latest technology and guest experiences for today’s adventurous traveler. The cruise line continues to revolutionize vacations with itineraries to 240 destinations in 61 countries on six continents, including Royal Caribbean’s private island destination in The Bahamas, Perfect Day at CocoCay, the first in the Perfect Day Island Collection. Royal Caribbean has also been voted “Best Cruise Line Overall” for 20 consecutive years in the Travel Weekly Readers Choice Awards.

Media can stay up to date by following @RoyalCaribPR on Twitter and visiting RoyalCaribbeanPressCenter.com. For additional information or to make reservations, vacationers can call their travel advisor; visit RoyalCaribbean.com; or call (800) ROYAL-CARIBBEAN.

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Photo - https://mma.prnewswire.com/media/2030685/Royal_Caribbean_deck.jpg ]]> https://caribpr.com/calling-up-and-coming-artists-royal-caribbean-launches-art-program-to-debut-on-icon-of-the-seas/feed/ 0 https://caribpr.com/costa-group-and-proman-join-forces-towards-decarbonisation-of-the-cruise-industry/ https://caribpr.com/costa-group-and-proman-join-forces-towards-decarbonisation-of-the-cruise-industry/#comments Thu, 16 Feb 2023 11:56:30 +0000 caribpr http://caribpr.com/?p=15123 GENOA, Italy and WOLLERAU, Switzerland, Feb. 16, 2023 /PRNewswire/ – Costa Group, part of Carnival Corporation and Europe’s leading cruise operator with its two brands Costa Cruises and AIDA Cruises, and the leading methanol producer, Proman, have signed an MOU to drive further the implementation of methanol as a marine fuel for the cruise industry.

The partnership aims to accelerate the energy transition and decarbonisation of the existing fleet by enhancing the supply of sustainable methanol, paving the way for the retrofitting of existing vessels to operate on clean fuel, as well as investment in further methanol-fueled new builds.

Today’s MOU reaffirms methanol’s potential to play a key role in the ongoing reduction of GHG emissions of the cruise sector and other shipping segments. It is a cleaner-burning fuel which virtually eliminates airborne pollutants such as particulate matter and sulphur oxides and is widely available and increasingly produced via lower-carbon, biogenic or hydrogen-based pathways. When used in fuel cells, methanol has the potential to allow for lifecycle zero emissions in the near future.

Methanol is emerging as a leading alternative fuel to meet GHG reduction goals due to its easy-to-handle properties, making it attractive for both new builds and for refitting existing ships. As one of the most widely traded chemical commodities, the infrastructure for ship supply could be adapted from existing infrastructure. All forms of methanol, whether natural-gas based, low-carbon or renewable, can be blended regardless of production pathways. It therefore enables a reliable transition pathway from today to fully GHG neutral cruise ships in near future.

“The technology to retrofit a vessel to accept methanol as a fuel is available today.  Our methanol products can facilitate the transition to low carbon intensity fuels. Methanol-powered vessels have a proven track record of reducing and eliminating major greenhouse gas emissions, delivering immediate air quality improvements around major ports and shipping lanes. We are excited to bring our expertise along the full methanol value chain to help deliver on Costa Group’s bold ambitions” – said Tim Cornelius, Proman’s Managing Director of Corporate Development.

Over the years, Costa Group has been leading sustainable innovation in the global cruise industry by steadily pioneering advanced technologies on board its new and existing ships. The company was the first to introduce liquefied natural gas (LNG) propulsion for emission reduction with four ships already in service in the Costa Group fleet. The majority of Costa Group ships are equipped with shore power capabilities to be zero emissions in ports where the technology is available, and the Company has also performed the first tests on biofuels. By this and the likes of today’s partnership with Proman, Costa Group has proven that fuel transition in the marine industry is possible by strong industry collaboration and shared visions for a sustainable future.

“We are reducing the carbon footprint of our fleet while at port and at sea, investing in advanced environmental technologies and partnering with companies such as Proman who share a passion for sustainable energy transition. By enabling cruise ships to use methanol as a propulsion fuel, Costa follows the ambition to take the next big step towards GHG neutral operations of our fleet by 2050″ – said Dr. Christoph Schladoer, VP Decarbonisation Costa Group.

www.costapresscenter.com

About Proman:

Proman is an integrated energy company and the world’s second largest methanol producer.

Headquartered in Switzerland, with assets in the United States, Trinidad and Oman, and ongoing expansion into Mexico, Canada and the UAE, Proman is a global leader in methanol, fertilizer and other products such as melamine. We have extensive experience in project management, petrochemical plant construction and operations, marketing and logistics, and shipping.

Proman is committed to developing lower-carbon and sustainable methanol and ammonia as cleaner alternatives to fossil fuels, offering a pathway to drastically cutting emissions in a range of sectors including transport and heavy industry. www.proman.org

About Costa Group:

The Costa Group is the leading cruise company in Europe, headquartered in Genoa (Italy). Part of the Carnival Corporation & plc Group, listed on the London and New York stock exchanges and world leader in the sector, the Costa Group includes the Costa Cruises and the AIDA Cruises brands. Its fleet can count on a total of 23 ships, all flying the Italian flag. The company has a global workforce about 29,000 employees working onboard and in its offices.

www.aida.de

www.costacruise.com

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With this newly created position, the company will centralize its global and brand marine operations functions under Laursen. He will oversee all marine operations for the company’s entire fleet, as well as strategic oversight of marine operations of its TUI Cruises and Hapag-Lloyd Cruises, of which it’s a 50% joint-venture owner.

“It is with great pleasure that we welcome Palle Laursen to the Royal Caribbean Group,” said Jason Liberty, president and CEO, Royal Caribbean Group. “Palle has had a long and distinguished career with Maersk and is a recognized leader in the maritime industry. With more than 25 years of experience, his direct technical and operational knowledge will serve our company well, especially as we continually work to decarbonize our business.”

Most recently, Laursen served as chief fleet and technical officer at A.P. Moller – Maersk and was responsible for its entire fleet of more than 750 container vessels, 400 chartered vessels and 350 owned vessels as well as chartering, technical management, crew management, safety and compliance, newbuilding activities and engineering services. He also led Maersk’s effort to have the entire fleet operating fully carbon neutral by 2040.

Having joined the Maersk Group in early 1998, Laursen has spent his entire professional career at the Danish shipping company. Previously, he was vice president and head of Ship Management and also held several other roles with increasing responsibilities, including head of technical services, ship engineering and technical vessel operations.

“This is an exciting time for the Royal Caribbean Group, and I very much look forward to helping the company deliver the best vacations in the world, responsibly,” said Palle Laursen. “I look forward to joining the most innovative team in the industry at Royal Caribbean Group and lead the marine team alongside a team committed to operational excellence, and environmental stewardship.”

Laursen graduated from the Svendborg International Maritime Academy in Denmark as a marine engineer and has since completed several executive and leadership development programs.

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of December 31, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

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]]> https://caribpr.com/royal-caribbean-group-names-palle-laursen-executive-vice-president-head-of-marine/feed/ 0 https://caribpr.com/royal-caribbean-group-forms-a-strategic-partnership-with-icon-infrastructure-to-launch-new-chapter-of-destination-development/ https://caribpr.com/royal-caribbean-group-forms-a-strategic-partnership-with-icon-infrastructure-to-launch-new-chapter-of-destination-development/#comments Mon, 19 Dec 2022 15:13:04 +0000 caribpr http://caribpr.com/?p=15095 MIAMI, Dec. 19, 2022 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) announced today that it has entered into a new partnership with iCON Infrastructure Partners VI, L.P. (”iCON VI”)¹, a fund advised by iCON Infrastructure LLP (”iCON Infrastructure” or “iCON”) to develop strategic cruise port infrastructure in support of Royal Caribbean Group’s robust growth plans.

Access to destinations continues to be of strategic importance to Royal Caribbean Group’s core business. The proposed partnership will own, develop, and manage cruise terminal facilities and infrastructure in home ports and key ports of call. The partnership, which will be owned 90% by iCON VI and 10% by Royal Caribbean Group, will be managed by an independent management team with strategic support from Royal Caribbean Group. Both parties have committed to provide funding for future expansion in accordance with their percentage interest.

“Our partnership with iCON is a unique opportunity to catapult us into the coming decades of port investments, build further financial strength, and provide exceptional cruising experiences, responsibly, to our guests at the best destinations in the world,” said Jason Liberty, president and CEO, Royal Caribbean Group. “Over the last few years, we have developed more destinations than any other cruise company and this new partnership will allow us to implement a capital-light investment framework to accelerate the development of strategic destinations around the world. We selected iCON because of our shared strategic priorities – delivering the best experiences in the world, responsibly – and our shared commitment to sustainability, being a committed partner in each of the destinations we visit and exploring the very best locations around the world.”

iCON is a leading independent investment group with a focus on investing in high-quality infrastructure assets located predominantly in North America and Europe, with extensive experience investing in ports and port-related infrastructure.

The new partnership will initially include PortMiami Terminal A, and several development projects in Italy, Spain, and the U.S. Virgin Islands. The partnership will also pursue additional port infrastructure developments based on the robust pipeline of projects as part of Royal Caribbean Group’s destination development strategy. At closing (anticipated for the first quarter of 2023), Royal Caribbean Group expects to receive net cash proceeds of approximately $210 million. The partnership is expected to be accretive to earnings, ROIC, and leverage metrics and will allow Royal Caribbean Group to continue investing in the development of strategic infrastructure while supporting the goals of its Trifecta program.

“We are thrilled to be partnering with Royal Caribbean Group to develop, own and manage a portfolio of cruise terminals in key strategic markets,” said Iain Macleod, Managing Partner at iCON. “Through this partnership, we will provide world class cruise terminal infrastructure, offering cruise guests more opportunities to see and experience the world in partnership with the Royal Caribbean Group, a world class operator. In the years to come, we look forward to delivering new high-quality terminals, working closely with key destination communities and with a strong focus on sustainability.”

BofA Securities is serving as exclusive financial advisor to Royal Caribbean Group.

About Royal Caribbean Group:

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of September 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

About iCON:

iCON is the exclusive advisor to funds with cumulative commitments in excess of $8bn. iCON VI, iCON’s latest flagship fund, closed fundraising in June 2022 with $3.6bn of capital committed from over 50  investors. Investors in iCON’s funds comprise globally recognized corporate and public pension funds, asset managers, insurance companies and sovereign wealth funds.

iCON is a long-term investor with an extensive track record of partnering alongside strategic counterparties that share a similar focus on growth, operational excellence and sustainability. iCON advised funds invest across a range of infrastructure sectors including ports, transport, telecommunications, healthcare, water, energy generation, distribution and storage. Learn more at www.iconinfrastructure.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited, to: statements regarding the impact of the Partnership on our financial performance, projections and balance sheet. Words such as “anticipate,” “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” “would,” “considering,” and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and may continue to have a material adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: governmental and self-imposed travel restrictions and guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business including the conflict between Ukraine and Russia, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than we expect in reducing the risk of infection and spread of such disease on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign currency exchange rates, the impact of higher interest rate and fuel prices; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations (including environmental regulations) or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States.

More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent current report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Selected Definitions

Trifecta refers to the multi-year Adjusted EBITDA per APCD, Adjusted EPS and ROIC goals we publicly announced in November 2022 and are seeking to achieve by the end of 2025. We designed this program to help us better execute and achieve our business goals by clearly articulating longer-term financial objectives. Under the Trifecta Program, we are targeting Adjusted EBITDA per APCD of at least $100, Adjusted EPS of at least $10, and ROIC of 13% or higher by the end of 2025.

Adjusted EBITDA is a non-GAAP measure that represents EBITDA (as defined below) excluding certain items that we believe adjusting for is meaningful when assessing our profitability on a comparative basis. Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations within Item 2 of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 for a discussion of items adjusted to arrive at Adjusted EBITDA.

Adjusted Earnings (Loss) per Share (”Adjusted EPS”) is a non-GAAP measure that represents Adjusted Net Income (Loss) (as defined below) divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis.

Adjusted Net Income (Loss) is a non-GAAP measure that represents net income (loss) excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations within Item 2 of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and within Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2021 for a discussion of items adjusted to arrive at Adjusted Net Income (Loss).

Adjusted Operating Income (Loss) is a non-GAAP measure that represents operating income (loss) including income (loss) from equity investments and income taxes but excluding certain items that we believe adjusting for is meaningful when assessing our operating performance on a comparative basis. Refer to Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 for a discussion of items adjusted to arrive at Adjusted Operating Income (Loss). We use this non-GAAP measure to calculate ROIC (as defined below).

Available Passenger Cruise Days (”APCD”) is our measurement of capacity and represents double occupancy per cabin multiplied by the number of cruise days for the period, which excludes canceled cruise days and cabins not available for sale. We use this measure to perform capacity and rate analysis to identify our main non-capacity drivers that cause our cruise revenue and expenses to vary.

EBITDA is a non-GAAP measure that represents net income (loss) excluding (i) interest income; (ii) interest expense, net of interest capitalized; (iii) depreciation and amortization expenses; and (iv) income tax benefit or expense. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis.

Invested Capital represents the most recent five-quarter average of total debt (i.e., Current portion of long-term debt plus Long-term debt) plus Total shareholders’ equity. We use this measure to calculate ROIC (as defined below).

Return on Invested Capital (”ROIC”) represents Adjusted Operating Income (Loss) divided by Invested Capital. We believe ROIC is a meaningful measure because it quantifies how efficiently we generated operating income relative to the capital we have invested in the business. ROIC is also used as a key metric in our long-term incentive compensation program for our executive officers.

¹ iCON Infrastructure Partners VI (”iCON VI”) comprises two parallel limited partnerships, iCON Infrastructure Partners VI, L.P. and iCON Infrastructure Partners VI-B, L.P. iCON Infrastructure Management VI Limited, the managing general partner of each of iCON Infrastructure Partners VI, L.P. and iCON Infrastructure Partners VI-B, L.P., is licensed by the Guernsey Financial Services Commission. iCON Infrastructure LLP (”iCON”), the investment advisor to the managing general partner, is regulated by the Financial Conduct Authority.

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]]> https://caribpr.com/royal-caribbean-group-forms-a-strategic-partnership-with-icon-infrastructure-to-launch-new-chapter-of-destination-development/feed/ 0 https://caribpr.com/silversea-cruises-president-and-ceo-roberto-martinoli-transitions-to-senior-advisor-role-barbara-muckermann-named-to-succeed-him/ https://caribpr.com/silversea-cruises-president-and-ceo-roberto-martinoli-transitions-to-senior-advisor-role-barbara-muckermann-named-to-succeed-him/#comments Thu, 15 Dec 2022 15:53:09 +0000 caribpr http://caribpr.com/?p=15093 Martinoli to assume senior advisor role to Royal Caribbean Group President and CEO Jason Liberty, after building Silversea Cruises into the world’s leading ultra-luxury cruise line

MIAMI, Dec. 15, 2022 /PRNewswire-HISPANIC PR WIRE/ — Silversea Cruises President and CEO Roberto Martinoli has elevated the brand into the industry’s leading ultra-luxury cruise line. On January 1, 2023, Martinoli will assume the role of senior advisor to Royal Caribbean Group (NYSE: RCL) President and CEO Jason Liberty. Barbara Muckermann, currently Chief Commercial Officer, will become Silversea’s next president and CEO, and will join Royal Caribbean Group’s Executive Committee.

“Roberto has built Silversea Cruises into the category leader that it is today, 11 ships strong with more on the way,” said Jason Liberty, president and CEO of Royal Caribbean Group. “He is one of the most innovative and knowledgeable leaders in the maritime industry. As senior advisor, Roberto will continue to provide strategic guidance that further cements Royal Caribbean Group’s status as a leader in the travel and hospitality industry. Barbara is the ideal executive to succeed Roberto. Her global perspective and team-first leadership style are a recipe for success for both the Silversea Cruises brand and Royal Caribbean Group.”

Under Martinoli’s leadership since 2016, Silversea’s fleet has grown to include 11 ships. In summer 2023, it will welcome Silver Nova, the first hybrid luxury cruise ship utilizing fuel cells and emitting zero harmful emissions while in port, an industry first. In 2024, Silversea welcomes Silver Ray, the second ship in the Nova Class. Martinoli also led the acquisition in 2022 of Silver Endeavour to help enable the company to access both polar regions. The ultra-luxury cruise line now sails to over 900 destinations across all seven continents each year, more than any other cruise line.

Muckermann brings more than 25 years of experience in the travel and hospitality industry, with an emphasis on creating truly exclusive high-end vacations. She first joined Silversea Cruises in 2001, and held several roles at other luxury and cruise brands from 2005 to 2016 before returning. In her current post as Silversea’s Chief Commercial Officer, she oversees all aspects of sales, marketing, revenue management and guest relations, as well as strategic communications and brand and product strategy. Muckermann is a Doctor in Political Sciences and Economics, and holds a joint MBA from London Business School and Columbia University.

“This is an exciting moment for Silversea as we continue to add new ships and return to the Asia market,” Muckermann said. “I am thrilled to build on our achievements under Roberto and focus on growth in the years ahead.”

Muckermann becomes the second woman to lead one of Royal Caribbean Group’s three wholly-owned brands, and joins Celebrity Cruises President and CEO Lisa Lutoff-Perlo, and Royal Caribbean International President and CEO Michael Bayley. She will oversee all of Silversea’s employees and crew, and will report to Jason Liberty.

For more information on Royal Caribbean Group’s executive leadership, please visit https://www.royalcaribbeangroup.com/about/

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of September 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Silversea Cruises is recognized as an innovator in the ultra-luxury cruise industry, offering guests large-ship amenities aboard its intimate, all-suite vessels: Silver Dawn℠, Silver Shadow℠, Silver Whisper®, Silver Spirit®, Silver Muse®, and Silver Moon℠ – all designed to offer an atmosphere of conviviality and casual elegance. With the inclusion of the expedition ships Silver Endeavour℠, Silver Origin®, Silver Wind®, Silver Explorer®, and Silver Cloud®, Silversea’s itineraries encompass all seven continents and feature worldwide luxury cruises to the Mediterranean, the Caribbean, the Galápagos, both Polar Regions, and hundreds of fascinating destinations in between. Silversea is also looking forward to the launch of two new ultra-luxury Nova-class ships—Silver Nova℠ and Silver Ray℠. Silversea Cruises is one of five cruise brands owned by global cruise company Royal Caribbean Group (NYSE: RCL).

]]> https://caribpr.com/silversea-cruises-president-and-ceo-roberto-martinoli-transitions-to-senior-advisor-role-barbara-muckermann-named-to-succeed-him/feed/ 0 https://caribpr.com/royal-caribbean-group-announces-strategic-agreement-with-meyer-turku-oy-finnish-government/ https://caribpr.com/royal-caribbean-group-announces-strategic-agreement-with-meyer-turku-oy-finnish-government/#comments Wed, 14 Dec 2022 14:39:08 +0000 caribpr http://caribpr.com/?p=15086 TURKU, Finland, Dec. 14, 2022 /PRNewswire-HISPANIC PR WIRE/ — Today, Royal Caribbean Group (NYSE: RCL) announced it has signed a maritime declaration with the Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and Meyer Turku Oy, to chart the way forward for innovative and sustainable shipbuilding in Finland. The commitment is set to advance innovation, strengthen competitiveness and bolster the maritime industry’s ecosystem.

“Our partners in Finland have helped us deliver some of the world’s most impressive and sustainable ships of their time, including our newest ship debuting in January 2024, Icon of the Seas,” said Jason Liberty, president and CEO of Royal Caribbean Group. “This new partnership sets the stage for future innovations and allows us and the maritime industry to continue pursuing sustainability at the highest level.”

The declaration announces the following actions:

• Preparing a roadmap for the production of climate-neutral ships in Finland. The roadmap is part of the maritime industry’s green transition.
• Strengthening the innovation of Meyer Turku, Royal Caribbean Group and the maritime industry.
• Supporting networking to curb economic challenges, develop new solutions and secure the long-term viability of the maritime industry.
• Assembling a digital demonstration of a climate-neutral ship as part of the sustainable maritime industry development program of the Ministry of Labor and Economy.
• Strengthening the innovation of Meyer Turku, Royal Caribbean Group and the maritime industry.
• Piloting and testing new innovations and technologies on Royal Caribbean Group ships.

This partnership also advances Royal Caribbean Group’s Destination Net Zero strategy to decarbonize its operations by 2050 and its near- and medium-term targets, including reducing carbon intensity by double digits by 2025 compared to 2019 and the introduction of a net-zero cruise ship by 2035.

The declaration comes on the heels of another major milestone for Royal Caribbean. On Friday, Dec. 9, the revolutionary, new vacation, Icon of the Seas, reached its next phase of construction ahead of its iconic January 2024 debut. The new ship floated on water for the first time since the assembly began nine months ago at Meyer Turku shipyard in Turku, Finland. Icon will join the company’s Royal Caribbean International cruise line and its lineup of industry-leading ships, becoming the brand’s most sustainable ship to date and the crown jewel of shipbuilding in the Finnish maritime industry.

“The Finnish maritime ecosystem is built on the innovativeness, expertise and skills of the thousands of leading shipbuilders at Meyer Turku, and Icon of the Seas is the latest example of what can be built here in Finland,” said Mika Lintilä, Finland’s Ministry of Economic Affairs. ”This new declaration will secure a future in which the maritime industry continues to make strides in our decarbonization goals and economic growth priorities for years to come.”

The company also has agreements with the shipyard to build the unnamed second and third ships in the Icon Class for its Royal Caribbean International brand, and Mein Schiff 7, which is currently under construction for the company’s TUI Cruises brand.

“While expertise and interdisciplinary collaboration will always be key to the success of shipbuilding, we recognize the need to continuously evolve and create strategies to reduce carbon emissions toward net zero,” said Tim Meyer, CEO, Meyer Turku Oy. “This commitment will set us up, as an industry, to innovate and adapt in how we design, build and operate ships. This challenge presents significant opportunities for the Finnish maritime industry to take the lead globally and bring to market new technologies and products.”

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

The Meyer Turku Oy shipyard is specialized in the construction of very demanding, innovative, and environmentally efficient cruise ships, car ferries, and special vessels. Our share of the global cruise construction market is approximately 15%, and our shipyard’s order books extend to 2026. Our largest customers are Royal Caribbean International, Carnival Cruise Lines, TUI Cruises and the Finnish Border Guard.

Meyer Turku employs 2.000 top professionals and operates the Turku shipyard where vessels are built since 1373. Meyer Turku’s subsidiaries are Piikkiö Works Oy, a cabin factory located in Piikkiö, Shipbuilding Completion Oy, which offers complete deliveries to public spaces, and ENG’nD Oy, a shipbuilding and offshore design company based in Rauma.

Together with the German shipyards, Meyer Werft in Papenburg, and Neptun Werft in Rostock, Meyer Turku forms the Meyer Group, one of world’s leading cruise ship builders.

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Group partners with World Fuel Services for first bunkering of lower carbon fuel, a vital step in its Destination Net Zero decarbonization strategy

LOS ANGELES, Oct. 28, 2022 /PRNewswire-HISPANIC PR WIRE/ — Today, Royal Caribbean Group (NYSE: RCL) became the first major cruise line operator to sail a cruise ship from a U.S. port while using renewable diesel fuel to meet part of the ship’s fuel needs when Navigator of the Seas set sail from the Port of Los Angeles. Part of the Group’s award-winning cruise line, Royal Caribbean International, the use of renewable fuel will reduce the ship’s carbon emissions.

This key step in the Group’s pursuit of alternative fuels comes less than a year after the unveiling of Destination Net Zero, Royal Caribbean Group’s comprehensive decarbonization strategy.

“We are committed to investing in technologies and innovations that will help us reduce emissions and fulfill our purpose to deliver great vacations responsibly,” said Laura Hodges Bethge, Royal Caribbean Group’s Executive Vice President, Shared Services Operations. “As we celebrate this milestone, we continue to set our sights on other leading alternative solutions to meet our net zero goals.”

The renewable fuel being used by Navigator of the Seas contains less carbon than traditional marine fuels. While this fuel is produced from renewable raw materials, the production process for this fuel makes it molecularly identical to traditional marine gas oil — creating a “drop in” fuel that can be safely used with the ship’s existing engines.

The cruise company plans to continue using lower carbon fuel to meet part of the Los Angeles-based ship’s fuel needs as it evaluates the feasibility for long-term use, with ambitions to expand its usage to other ships across the fleet. This follows a similar trial by the Group’s joint venture partner, Hapag-Lloyd Cruises, which is exploring a different process for developing a sustainable biofuel.

For the trial, Royal Caribbean Group has partnered with World Fuel Services to supply the renewable fuel to Navigator of the Seas. The Jankovich Company will deliver the fuel on behalf of World Fuel Services to the ship while at the Port of Los Angeles. Once fueled, Navigator of the Seas will set sail to Mexico.

“We are extremely proud to be a part of Royal Caribbean Group’s journey toward making the cruise industry more sustainable by leveraging our renewable fuel distribution capabilities and technical expertise to facilitate the use of renewable fuel in a marine application,” said Michael J. Kasbar, Chairman and Chief Executive Officer, World Fuel Services Corporation.

In addition to testing the use of biofuel aboard Navigator of the Seas, Royal Caribbean Group is set to debut the cruise industry’s first hybrid-powered ship in summer 2023, as part of Silversea Cruises newest class of ships, the Nova class. The Group is also working to reduce emissions while at port by investing in shore power on its ships and collaborating with key cruise ports for its use. For example, in 2021, Royal Caribbean Group signed an agreement to bring shore power to PortMiami, which will enable ships to use electricity at port instead of burning fuel. The company also is introducing a new zero-energy cruise terminal in the Port of Galveston, Texas, that builds on its sustainable design efforts and will be a LEED-Gold certified facility.

To learn more about Royal Caribbean Group’s sustainability efforts, visit https://sustainability.rclcorporate.com/.

About Royal Caribbean Group:

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

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