Article: Royal Caribbean Announces Design For New 'Ultra-Voyager' Ship; Signs Agreement That Could Lead To Firm Order.

Royal Caribbean Cruises Ltd. announced today that, working with Finnish shipbuilder Kvaerner Masa-Yards, it has developed a design for a new and even more spectacular ship, the "Ultra- Voyager," and that both parties have signed an agreement that could lead to a firm order. The agreement anticipates that the cruise line and the yard could enter into construction contracts for Ultra-Voyager, provided that certain conditions, such as the euro-dollar exchange rate, move to a more favorable position. Today's conditional agreement anticipates one newbuilding, deliverable in 2006, and one option, for delivery in 2007 or 2008.

The Ultra-Voyager would be a larger and ...

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