Royal Caribbean Exercises Option on Second Genesis Ship

Royal Caribbean will go forward with building another Genesis ship, as the company exercised its option on Monday. Like its sister ship, the 5,400-guest, 220,000-ton ship will be built at Aker Yards in Finland, with delivery expected by August 2010. The first Genesis-class ship, priced at over $1 billion, is due in fall 2009. RCL estimates that the second Genesis ship, and 24th in the company's fleet, will cost approximately $260,000 per berth, which is around the same price as the first Genesis ship.