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Change of ownership

Shipping companies do not always own their vessels outright. An example is Royal Caribbean’s Radiance class cruise ship Brilliance of the Seas, which the company has had on long-term charter from her owner, the HBOS UK banking group. Royal Caribbean has recently raised the finance to terminate the charter and buy the ship outright for $275 million. The lease on the ship was for a period of 25 years from delivery in 2002, and she was one of a number of Royal Caribbean ships operated in this way. The 90,090gt Brilliance of the Seas is one of a quartet of ships built by Meyer at Papenburg between 2001 and 2004, and can take 2,501 passengers. In 2014 she was sailing from Florida to the Western Caribbean.

Ships Montly - January 2024

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