Page 86: of Maritime Reporter Magazine (June 1994)

Source: Maritime Reporter/Engineering News (June, 1994). Publisher not responsible for errors or omissions. 0wner-0per. Length #of Year Yard

Vessel Name (feet) GT Pass. Built Built Cruise Area(s)

Royal Caribbean Cruise Line — - Miami , Fla.

Monarch of the Seas 880 73,941 2,354 1991 Chantiers de I'Atl. Caribbean

Majesty of the Seas 880 73,941 2,354 1992 Chantiers de I'Atl. Caribbean

Sovereign of the Seas 880 73,192 2,276 1987 Chantiers de I'Atl. Caribbean

Nordic Empress 692 48,546 1,600 1990 Chantiers de I'Atl. Bahamas

Viking Serenade 620 40,132 1,512 1982 Dobigeon- Mexico

Normandie

Song of America 705 37,584 1,402 1982 Wartsila Caribbean/Bermuda

Song of Norway 637 23,005 1,004 1970 Wartsila Europe/Pan. Canal

Nordic Prince 637 23,300 1,012 1971 Wartsila Alaska/Mexico

Sun Viking 563 18,556 714 1972 Wartsila Alaska/Caribbean

Royal Cruise Line — San Francisco, Calif.

Crown Odyssey 614 34,250 1,052 1988 Meyer Werft Worldwide

Royal Odyssey 676 28,000 750 73/91 Wartsila/Weser Worldwide

Star Odyssey 674 28,000 750 72/94 Wartsila/Weser Worldwide

Royal Viking Line — Coral Gables, Fla.

Royal Viking Sun 673 36,000 756 1988 ""Queen 438 10,000 212 1992

Wartsila Worldwide

Schichau Seebeck. Worldwide

Sea Cloud Cruises — Hamburg, Germany

Sea Cloud 360 2,492 67 31/79 GermaniaYard Worldwide charter

Seaboum Cruise Line — San Francisco, Calif.

Seabourn Pride 439 10,000 204 1988 Seebeckwerft Americas, Eur., Asia,

Scandin., Medit.

CRUISE SHIP NEWBUILDING

NAME Length GT # of Del.

Pass. Date

Yard

Building

Cruise Area

American Canadian Caribbean

Niagara Prince 173 80

Carnival Cruise Line

Fascination 855 70,367 2,040 1994

Imagination 855 70,367 2,040 1995

Inspiration 855 70,367 2,040 1995

Unnamed — 95,000 2,600 1996

Celebrity Cruise Lines

Century — 70,000 1,740 1995

Unnamed — 70,000 1,740 1996

Costa Cruise Line

Unnamed — 70,000 1,900 1996

Holland America Line

Ryndam 720 55,431 1,266 1994

Veendam 720 ft. 55,431 1,266 1996

NYK Line/Crystal Cruises

Crystal Symphony 778 49,500 960 1995

P&O Cruises

Oriana 850 67,000 1,975 1995

Princess Cruises

Sun Princess 856

Unnamed —

Royal Caribbean Cruise Line

Legend of the Seas 867

Splendor"" Seas 867

Unnamed 913

Silversea Cruises

Silver Wind 514

Windjammer Barefoot Cruises (Reconstructions)

France II 294 1,121 134 (to be renamed)

Rogue 240 1,327 104 77,000 100,000 70,000 70,000 74,000 84 1994 Blount Ind.

Kvaerner Mas a

Kvaerner Masa

Kvaerner Masa

Fincantieri

Meyer Werft

Meyer Werft

Fincantieri

Fincantieri

Kvaerner Masa

Meyer Werft 1996 Fincantieri 1,950 2,600 1,808 1,808 1,950

Can, Carib., C. & S.

Amer.

Can., S. Carib.-San

Juan

Unannounced

Unannounced

Unannounced

Unannounced

Unannounced

Unannounced

Alaska/Caribbean

Worldwide

Worldwide

Medit., Carib.,

Norway, World

Carib., Alaska 1995 Chantiers de I'Atl. Unannounced 1996 Chantiers de I'Atl. Unannounced 1996 Kvaerner Masa Unannounced 16,500 296 1995 T. Mariotti Worldwide 1963 1960

Forges et Chantiers Bahamas de la Mediterranee

Caledon Shipyard n/a

Source: Maritime Reporter/Engineering News (June, 1994). Publisher not responsible for errors or omissions. 0wner-0per. length

Vessel Name (feet) GT # of Year Yard

Pass. Built Built Cruise Area(s)

Seabourn Spirit 439 10,000 204 1989 Seebeckwerft Same

Seven Seas Cruise Line — San Francisco, Calif.

Song of Flower 409 8,282 172 1986 Lloyd Werft Various

Silversea Cruises — Fort Lauderdale, Fla.

Silver Cloud 514 16,500 296 1994 T. Mariotti Worldwide * Two more similar vessels are currently under option for Silversea.

Sun Line Cruises — New York, N.Y.

Stella Solaris 540 10,595 700 1953 Chantiers Ateliers Aegean- de France Medit., Carib.

Stella Oceanis 344 3,963 350 1965 Navale Riunite Aegean-Medit.

Stella Maris 289 2,682 200 1960 — Aegean-Medit.

Windjammer Barefoot Cruises — Miami Beach, Fla.

Mandalay 236 420 72 1923 Burmeister & Wain Antigua - Grenada

Fantome 282 676 128 1927 na/ltaly Grenada, N. Venez.

Yankee Clipper 197 327 64 1927 na/Germany Grenadine Islands

Flying Cloud 208 400 78 1935 na/France British Virgin Islands

Polynesia 248 248 126 1938 na/Holland Leeward Islands

Amazing Grace 242 1,526 96 1955 Caledon Shipyards Freeport - Grenada

Wind Star Cruises -— Seattle, Wash.

Wind Star 440 5,350 148 1986 — —

Wind Song 440 5,350 148 1987 — —

Wind Spirit 440 5,350 148 1988 — —

CRUISE INDUSTRY GROWTH

YEAR Passengers (millions)

Percentage

Growth

YEAR Passengers (millions)

Percentage

Growth 1980 1.4 + 13.5 1987 2.9 + 11.0 1981 1.5 + 1.7 1988 3.2 + 9.5 1982 1.5 + 1.2 1989 3.3 + 2.4 1983 1.8 + 15.2 1990 3.6 + 13.5 1984 1.9 + 9.9 1991 4.0 + 9.5 1985 2.2 + 13.4 1992 4.1 + 4.6 1986 2.6 + 13.8 1993 4.5 + 8.8

AVERGAGE GROWTH RATE 1980 - 1993: + 10.0%

Source: "The Cruise Industry: An Overview" Jan. 1994 report published by Cruise Line International Association (CUA).

CRUISE MARKET POTENTIAL

Based on likelihood to cruise, CUA estimates over $50 billion in market potential over the next five year;

SAMPLED

Profile Study Sample (HH Income $20K +,

Aged 25 +)

Total % Likely Likely

Population To Cruise Prospects (000's) (Millions)

Revenue Opportunity (Billions of dollars)

Aged 25 - 39

Aged 40 - 59

Aged 60 +

TOTAL

NOT SAMPLED

Children Under 18 18 -24 Years

Retirees

BEST ESTIMATE 45,080 37,867 29,753 112,700 22.9 20.5 19.6 21.4 10.3 7.7 5.8 23.8 8.1 3.9 3.0 38.8 14.1 10.6 8.0 32.7 11.1 5.4 4.1 53.3

Source: "The Cruise Industry: An Overview" Jan. 1994 report published by Cruise Line International Association (CUA). 96 Maritime Reporter/Engineering News