Tag Archives: Quantum of the Seas

New Royal Caribbean Ship Gets Updated Livery with Huge Name

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Odyssey of the Seas
The Odyssey of the Seas will debut an updated hull livery for Royal Caribbean International when she debuts into service next April.
Odyssey of the Seas

The company has elected to debut a new look with a large name adorned on the hull of the Quantum-Ultra class vessel, with the O alone measuring 11.2 meters in height according to the shipbuilder, Meyer Werft.

The ship name will run 87.4 meters down each side of the ship.

It’s the second new look for Royal Caribbean in the last decade. The Quantum of the Seas, launched in 2014, debuted a new hull colour template for the company, with a light blue hull.

Quantum to Join Ovation in Australia for Royal Caribbean

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Quantum of the Seas

Royal Caribbean International is boosting its Australian presence in 2021-2022 according to local reports.

The Quantum of the Seas will move from Singapore to the Down Under market, joining the Ovation and giving the brand two Quantum-class ships in the market sailing from Sydney.

Those two ships are expected to be joined by the Radiance, sailing from Brisbane.

Originally debuting in North America and then moving to the Chinese market, the Quantum was based year-round in China before Royal Caribbean split her season between China and Singapore. Now, the ship will sail in Alaska for the 2021 summer and then move to Australia, moving tonnage out of the Chinese and Asian markets.

 

Royal Caribbean Works Financing Options on 5 Ships for $250 Million

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Quantum of the Seas

Royal Caribbean Cruises announced it had made changes to the export-credit backed loan facility incurred to finance Quantum of the Seas in order to incorporate the benefits of a 12-month debt holiday initiative being offered by Euler Hermes Aktiengesellschaft, the official export credit agency of Germany.

“As we have previously disclosed, the intention of this initiative is to provide interim debt service and financial covenant relief during the current global health crisis to cruise-line borrowers with respect to their Hermes-guaranteed financings,” Royal Caribbean said, in a regulatory filing.

Under the terms of the amendment, the lenders have made available to us a new tranche of the loan, the proceeds of which will be used to repay any principal amortization payments due on the facility between April 1, 2020 and March 31, 2021.

The lenders have also agreed that, during the Deferral Period, a breach of the financial covenants will not trigger a mandatory prepayment under the facility.

In addition, the company announced it had amended the export-credit backed loan facilities incurred to finance the Celebrity Eclipse, Celebrity Equinox, Celebrity Solstice and Celebrity Silhouette in order to incorporate the benefits of the Debt Holiday.

“Across the Quantum facility described above and these four facilities, the Debt Holiday amendments will generate approximately $250 million of incremental liquidity through April 2021. This is in addition to the $200 million of incremental liquidity previously disclosed realized in connection with the implementation of the Debt Holiday across certain other Hermes-backed facilities,” the company said.