Royal Caribbean secures shipbuilding slots through 2036 at Meyer Turku

Royal Caribbean (RCL) announced a long-term framework agreement with Meyer Turku that secures Royal Caribbean Group’s rights to build at the yard through the next decade. As part of this agreement, Royal Caribbean Group also confirms an order for Icon 5 to be delivered in 2028, subject to financing, and adds an option to build Icon 7. To date, Meyer Turku has built, and Royal Caribbean Group has launched two Icon Class ships with Icon of the Seas and Star of the Seas, with the third Icon ship – Legend of the Seas – scheduled to sail summer 2026. Icon 4 is scheduled to be delivered in 2027. Orders beyond Icon 5 are subject to Royal Caribbean Group’s exercise of the options and execution of firm construction agreements, which are expected to be subject to customary conditions including financing. The Turku shipyard has built 25 ships for Royal Caribbean Group since mid-1990s. The buildout of each cruise ship of this scale is the largest single industrial project in the country, employing approximately 13,000 people at Meyer Turku and in the shipyard’s network which brings Finland more than EUR1B in added value per year.