Royal Caribbean Cruises, Ltd (RCCL), the world’s second largest cruise shipping group, expects to spend a total of $9.0 billion in capital expenditure in the years 2017-21, the company said.
“Based upon current ship orders, projected capital expenditures for full year 2017, 2018, 2019, 2020 and 2021 are $0.6 billion, $2.6 billion, $1.5 billion, $2.0 billion and $2.3 billion, respectively,” RCCL said in a statement.
“Capacity changes for 2017, 2018, 2019, 2020 and 2021 are expected to be -1.9%, 3.1%, 6.8%, 3.9% and 7.9%, respectively. These figures do not include potential ship sales or additions that we may elect to make in the future,” RCCL said.
Scheduled debt maturities for the remainder of 2017 plus 2018, 2019, 2020 and 2021 are $1.2 billion, $2.0 billion, $0.8 billion, $1.2 billion and $0.6 billion, respectively.