Financing Sought For Massive New Cruise Ships

The world’s biggest cruise ship is almost finished at a cost of $1.24 billion. Now who’s going to pay for it? Royal Caribbean has raised the possibility that it will not be able to raise the money due on delivery Dec. 1.

Bloomberg, USA Today’s Cruise Log and CruiseCritic have more on this.

The current state of the economy calls into question the wisdom of commissioning two massive, expensive ships. (A sister ship is under construction.) Will passengers be willing and able to pay the high fares required to make these ships pay off?

Still, it would benefit nobody to let the ships languish without earning income. Somebody is going to have to think of something, and I’m pretty sure they will.


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