Thu 19 Jun 2008 12:09

Cruise operator raises fuel surcharge


Leading US cruise line is the latest to hike its fuel supplement due to rising bunker prices.



Royal Caribbean Cruises Ltd., the world's second-biggest cruise line has announced that it is set to raise its fuel surcharge even further at the end of this month.

As a result of ongoing record high fuel prices, bookings made on or after June 30, 2008, will be subject to a revised fuel supplement of $10 per person, per day, for the first and second passengers in a cabin - $2 higher than before. The revised fees will apply to bookings made throughout the world on Royal Caribbean International.

The latest price increase comes less than two months after the company hiked its fuel surcharge from $5 to $8 per person, per day.

The new surcharges also apply to Royal Caribbean's sister line, Celebrity Cruises. The fees at another Royal Caribbean-owned line, Azamara Cruises, will increase even further according to the SEC filing. Passengers booking Azamara voyages on or after June 30 will pay a $15 per day surcharge, $7 more than before.

Speaking about the price increase, Royal Caribbean said "The fuel supplement will assist our company in offsetting the widespread increases in fuel prices that have more than doubled in recent years. The fuel supplement will be periodically reviewed, with the intent of being temporary, and may be adjusted as fuel prices fluctuate."

In a statement the company said "We have gone to great lengths to minimize the impact of rising fuel costs. Unfortunately, as fuel prices have reached record highs, we are forced to take this extraordinary step to offset our record costs and to remain competitive within our industry."

Royal Caribbean Cruises Ltd. operates Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Cruises and CDF Croisieres de France. The company has a combined total of 38 ships in service and six under construction. It offers cruisetour vacations in Alaska, Asia, Australia, Canada, Europe, Latin and South America and New Zealand.


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