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WORLD'S LARGEST CRUISE SHIP ORDERED FROM AKER YARDS
8.9.2004

(Miami - Helsinki - Oslo) Royal Caribbean International and Aker Yards, have today confirmed the order of a second Ultra Voyager - the world's largest cruise ship. The contract is valued at some EUR 570-580 million, making it the world's largest cruise ship order in year 2004.

Kvaerner Masa-Yards Inc., which is a part of Aker Yards, will build two of these record breaking cruise ships. The first Ultra Voyager cruise ship will be delivered in May 2006 and the second ship will be ready for delivery in spring 2007. The work on the first Ultra Voyager has already commenced. These new ships are some 15 per cent larger in space and passenger capacity than the earlier Voyager-class vessels.
 
"We are satisfied that we together with Royal Caribbean International and the subcontractors have been able to make this an attractive project considering the challenging euro-dollar conditions. Additionally, we are extremely proud of building these two giants for the cruise market," says Yrjö Julin, President at Masa-Yards. "Once again, we get to prove our expertise in shipbuilding by constructing not only one, but two of the largest ships of our time."
 
"We are delighted to continue to make cruise-ship history with Kvaerner Masa-Yards," said Royal Caribbean International Chairman and CEO Richard D. Fain.  "They are truly masters at their craft and are worthy partners."
 
The new Ultra Voyager's will be 126 feet by 1,112 feet (38.6 meters by 339 meters), and will stand 18 decks high. Their gross tonnage is around 160.000, which make them 6 % larger than today's largest cruise ship. The ships will carry 3,600 guests, 500 more than its predecessors in the Voyager-series, and 1,400 crewmembers.
 
Being the world's largest ships, the Ultra Voyager's will offer even more room for passenger facilities and amenities and will provide even greater economies of scale than their predecessors.
 
 
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For more information, please contact:
 
Aker Yards
Tore Langballe, SVP Communications and Investor Relations, +47 90 777 841
 
Kvaerner Masa-Yards
Mr Yrjö Julin, President, tel. +358 10 670 2201
Mr Bo-Erik Blomqvist, EVP, Marketing and Sales, tel. +358 10 670 2231
Ms Minna Staffans, Manager Corp. Communications, tel. +358 10 670 2409
 
Royal Caribbean International
Ms Lynn Martenstein, VP Corporate Communications, tel. +1 305 539 6573
 
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Royal Caribbean International Ltd.  is a global cruise vacation company with a combined total of 29 ships in service and two under construction. The company also offers unique cruise-tour vacations in Alaska, Canada and Europe. Additional information can be found on www.royalcaribbean.com, www.celebrity.com or www.rclinvestor.com.
 
Aker Yards is an international shipbuilding group focusing on complex and sophisticated vessels and is Europe's largest and one of the world's five largest shipbuilders.Aker Yards has a strong position in terms of capacity, product range, technology and experience. The Company's product range includes offshore vessels, cruise and ferry vessels, other complex vessels and merchant vessels. The Group has 13 yards in four countries in Europe and in Brazil. Aker Yards had a turnover of NOK 16 bn. in 2003, and has approximately 14.500 employees. www.akeryards.com
 
Kvaerner Masa-Yards Inc. is specialised in designing, building and refurbishing cruise vessels, ferries and technically demanding vessels. Over 25% of the world's cruise ships have come from the company's two shipyards during the last ten years. In 2003 Kvaerner Masa-Yards Inc. had annual revenues of about EUR770 million, and an own staff of about 3,600. Kvaerner Masa-Yards Inc. is owned by Aker Yards ASA, which is listed on the Oslo Stock Exchange. www.masa-yards.com

 
   
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