Miami-based Royal Caribbean International, the world’s second-largest cruise line, announced on February 6, 2006 that it had ordered the largest and most expensive cruise ship in the world, a $1.24 billion vessel which can hold up to 6,400 passengers. It is to be named Project Genesis.
This ship, which is scheduled to be completed in the fall of 2009 by shipbuilder Aker Yards of Oslo, will be 220,000 gross register tons. A gross register ton, a standard measure of a ship’s size, is a unit of volume equal to about 100 cubic feet. It is to be built at a Finnish shipyard.
Aker is to be paid 900 million euros ($1 billion) to build the ship, making Project Genesis the most expensive ship ever ordered in the history of commercial shipbuilding. The $1.24 billion figure includes all expenses required for interior finishing of the ship. Royal Caribbean contract with Aker includes an option for a second ship.
Richard Fain, the chairman and chief executive of Royal Caribbean said of Project Genesis, “It is exhilarating to take such a giant step into the future. Project Genesis truly is a remarkable ship. Its bold design, daring innovation and...
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