Royal Caribbean extends Port Everglades user agreement
Royal Caribbean Group's terminal and berth user agreement at Port Everglades was extended into 2030 at the same terms while discussions continue about any changes.
October 11, 2024
This extension, through Sept. 30, 2030, also provides the cruise operator with a second option term for an additional five years. Port Everglades and Royal Caribbean Group are also exploring facility upgrades for Cruise Terminal 29.
Early extension
While the company is only required to provide six months' advance notice to extend the term, it's already been opening 2026/27 cruises for sale and wanted to ensure it has full-season berthing. Royal Caribbean also wished to hold off negotiating new minimum passenger guarantees since plans for Terminal 29's redevelopment will play into that.
Upgrades to serve more modern ships
The southernmost cruise berth at Port Everglades has challenges as the 'first in, last out' terminal. Facility upgrades would address its ability to serve more modern ships from Royal Caribbean International, Celebrity Cruises and Silversea Cruises, and the port's channel deepening and widening project is key to that.
Royal Caribbean Group has been homeporting ships at Everglades for 25 years.
CEO/Port Director Joseph Morris thanked the Broward County Board of Commissioners for 'helping us move forward on our commitment to attract and retain customers like Royal Caribbean Group that provide a substantial lift to our local economy.'
Economic impact
According to an analysis by national maritime economic consultancy Martin Associates, the extended agreement will boost the local economy to the tune of $581.9m in business revenue annually through increased cruise activity from 2027 to 2030. The port will welcome at least 1.3m passengers annually and 355 ship calls each year.
This would support 4,095 jobs in the region annually, including 1,829 direct local jobs, 1,221 indirect jobs and 1,046 induced jobs.
Read more about:
Royal Caribbean Groupcruise terminalsPort EvergladesRoyal Caribbean InternationalCelebrity CruisesSilverseaAbout the Author
You May Also Like