PR99209

TURKU, Finland, Dec. 14, 2022 /PRNewswire=KYODO JBN/ --

Today, Royal Caribbean Group (NYSE: RCL) announced it has signed a maritime

declaration with the Finnish government, represented by the Ministry of

Economic Affairs and Employment (MEAE) and Meyer Turku Oy, to chart the way

forward for innovative and sustainable shipbuilding in Finland. The commitment

is set to advance innovation, strengthen competitiveness and bolster the

maritime industry's ecosystem.

Logo - https://mma.prnewswire.com/media/1213007/RCG_Logo.jpg

"Our partners in Finland have helped us deliver some of the world's most

impressive and sustainable ships of their time, including our newest ship

debuting in January 2024, Icon of the Seas," said Jason Liberty, president and

CEO of Royal Caribbean Group. "This new partnership sets the stage for future

innovations and allows us and the maritime industry to continue pursuing

sustainability at the highest level."

The declaration announces the following actions:

     -Preparing a roadmap for the production of climate-neutral ships in

      Finland. The roadmap is part of the maritime industry's green transition.

     -Strengthening the innovation of Meyer Turku, Royal Caribbean Group and

      the maritime industry.

     -Supporting networking to curb economic challenges, develop new solutions

      and secure the long-term viability of the maritime industry.

     -Assembling a digital demonstration of a climate-neutral ship as part of

      the sustainable maritime industry development program of the Ministry of

      Labor and Economy.

     -Piloting and testing new innovations and technologies on Royal Caribbean

      Group ships.

This partnership also advances Royal Caribbean Group's Destination Net Zero

strategy to decarbonize its operations by 2050 and its near- and medium-term

targets, including reducing carbon intensity by double digits by 2025 compared

to 2019 and the introduction of a net-zero cruise ship by 2035.

The declaration comes on the heels of another major milestone for Royal

Caribbean. On Friday, Dec. 9, the revolutionary, new vacation, Icon of the

Seas, reached its next phase of construction ahead of its iconic January 2024

debut. The new ship floated on water for the first time since the assembly

began nine months ago at Meyer Turku shipyard in Turku, Finland. Icon will join

the company's Royal Caribbean International cruise line and its lineup of

industry-leading ships, becoming the brand's most sustainable ship to date and

the crown jewel of shipbuilding in the Finnish maritime industry.

"The Finnish maritime ecosystem is built on the innovativeness, expertise and

skills of the thousands of leading shipbuilders at Meyer Turku, and Icon of the

Seas is the latest example of what can be built here in Finland," said Mika

Lintilä, Finland's Ministry of Economic Affairs. "This new declaration will

secure a future in which the maritime industry continues to make strides in our

decarbonization goals and economic growth priorities for years to come."

The company also has agreements with the shipyard to build the unnamed second

and third ships in the Icon Class for its Royal Caribbean International brand,

and Mein Schiff 7, which is currently under construction for the company's TUI

Cruises brand.

"While expertise and interdisciplinary collaboration will always be key to the

success of shipbuilding, we recognize the need to continuously evolve and

create strategies to reduce carbon emissions toward net zero," said Tim Meyer,

CEO, Meyer Turku Oy. "This commitment will set us up, as an industry, to

innovate and adapt in how we design, build and operate ships. This challenge

presents significant opportunities for the Finnish maritime industry to take

the lead globally and bring to market new technologies and products."

About Royal Caribbean Group:

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the

world with a global fleet of 64 ships traveling to approximately 1,000

destinations around the world. Royal Caribbean Group is the owner and operator

of three award-winning cruise brands: Royal Caribbean International, Celebrity

Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture

that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an

additional 10 ships on order as of June 30, 2022. Learn more at

www.royalcaribbeangroup.com or www.rclinvestor.com.

About Meyer Turku:

The Meyer Turku Oy shipyard is specialized in the construction of very

demanding, innovative, and environmentally efficient cruise ships, car ferries,

and special vessels. Our share of the global cruise construction market is

approximately 15%, and our shipyard's order books extend to 2026. Our largest

customers are Royal Caribbean International, Carnival Cruise Lines, TUI Cruises

and the Finnish Border Guard.

Meyer Turku employs 2.000 top professionals and operates the Turku shipyard

where vessels are built since 1373. Meyer Turku's subsidiaries are Piikkiö

Works Oy, a cabin factory located in Piikkiö, Shipbuilding Completion Oy, which

offers complete deliveries to public spaces, and ENG'nD Oy, a shipbuilding and

offshore design company based in Rauma.

Together with the German shipyards, Meyer Werft in Papenburg, and Neptun Werft

in Rostock, Meyer Turku forms the Meyer Group, one of world's leading cruise

ship builders.

Source - Royal Caribbean Group

CONTACT: Jonathon Fishman, corporatecommunications@rccl.com