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Royal Caribbean orders a fifth Quantum ship

Meyer Werft wins a fifth Quantum-class order. Pictured is managing partner Bernard Meyer with Richard Fain at the Papenburg yard (File photo: Anne Kalosh)
Royal Caribbean Cruises Ltd. has ordered a fifth Quantum-class newbuild from Meyer Werft for delivery in autumn 2020.

'It is such a pleasure to announce the order of another Quantum-class ship as we are welcoming Anthem of the Seas to North America,' RCL chairman and ceo Richard Fain said. 'These ships have been received with excitement, and performed exceptionally well, across the globe.  We fully expect that momentum to continue as we add to this innovative class of ships.'

Royal Caribbean did not report a price but gave projected capital expenditures through 2019.

That makes it difficult to estimate the cost, since the amount in 2019 would reflect just progress payments for this ship, UBS said in a note.

If the cost is in line with the fourth Quantum-class ship, to be delivered in April 2019, the price would be about $230,000 per lower berth, or $950m to $970m, UBS estimated.

RCL said that, based on current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6bn, $2.4bn, $0.5bn, $2.5bn and $1.4bn, respectively.

Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.4%, 6.4%, 3.4%, 3.7% and 6.6%, respectively.