Royal Caribbean's Earnings Call - Royal Caribbean May Sell Off Older Ships.


Royal Caribbean possibly selling ships to raise cash and streamline operations
Empress of the Seas is One of the Royal Caribbean Ships At Risk Of Being Sold

In a recent earnings call Royal Caribbean Group announced that they are indeed looking at possibly shedding older ships in addition to the Sovereign and Monarch (ex Monarch of the Seas and Sovereign of the Seas) which were recently beached in Alaiga, Turkey.

Royal Caribbean has announced that the 3rd ship in the Pullmantur fleet - the Zenith - which sailed for many years from New York to Bermuda for Celebrity Cruises - will most likely be scrapped. The Zenith is laid up in Lavrio Greece. 

Just as a side note the Zenith was supposed to be chartered/purchased by Peaceboat,org for world wide peace missions. She was supposed to sail along side the Ocean Dream (originally built as Carnival Cruises' Tropicale). Based on the announcement above it is unclear which ship(s) Peaceboat will operate in 2021.

The Zenith's identical sister ship - the Horizon is also at risk. The Horizon was also a popular ship for Celebrity Cruises on their weekly New York to Bermuda cruise operations. The Horizon is currently anchored off Piraeus, Greece.

In addition, the announcement does put the Empress of the Seas potentially at risk. Originally ordered by the Eastern Steamship/Admiral Cruises as the Future Seas. both the uncompleted ship and Admiral Cruises was purchased by Royal Caribbean. Renamed  the Nordic Empress  the ship began sailing  from New York weekly to Bermuda in 1999. In May 2004 the ship's name was changed to Empress of the Seas. In March 2008, the Empress of the Seas was transferred to the Royal Caribbean Spanish subsidiary Pullmantur and renamed the Empress. In a surprise move, in the spring of 2016, the Empress  was extensively refit and returned to the Royal Caribbean fleet. The Empress of the Seas was deemed the right size ship for Royal Caribbean's  new Miami to Cuba route. Royal struggled with a next deployment for the Empress once cruise travel to Cuba was later prohibited only 6 months after the ship's entry into the market.

The Empress of the Seas was expected to sail from New York during the summer of 2020 to New England and Canada or Bermuda but the coronavirus changed that. She was expected to return to New York in 2021. The Empress of the Seas is currently anchored in Souda, Greece.

Only time will tell what will happen to these middle age ships.


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