Income decline for Royal Caribbean

Royal Caribbean Cruises has
announced that its net income declined in 2009.

Taken on a year-on-year basis,
2009’s income was US$162.4 million compared to 2008’s $573.7 million.

Calendar year income for 2009 was
$5.9 billion in comparison to 2008’s $6.5 billion. Fuel consumption was
1,235,000 metric tons and the cost of fuel actually went down by 18 per cent
during the calendar year to $486 per metric ton.

Mega

The cruise provider recently launched
its first mega-ship, Oasis of the Seas, which can carry 5,400 passengers. It is
the first of a new fleet of ships in which Royal Caribbean has invested heavily
but it does not currently visit the Cayman Islands
due to its size.

In a recent speech, Premier McKeeva
Bush indicated that Cayman would be investing in the port’s infrastructure to
ensure that facilities would be enhanced appropriately.