French shipyard in $1.5 bn deal for new cruise liners

Royal Caribbean Cruises subsidiary Celebrity Cruises has signed a preliminary deal with the French arm of Korean shipbuilding giant STX for two new vessels valued at 1.2 billion euros . The 1,450-cabin ships are due for delivery in 2018 and 2020, the president of STX France, Laurent Castaing, said, announcing the signing of the letter of intent on Thursday.

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