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ROYAL CARIBBEAN SETTLES DISPUTE WITH SOUTHWEST MARINE

 MIAMI, July 7 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) announced today that it has entered into an agreement with Southwest Marine, Inc., settling the disputes that arose between the parties in connection with the 1991 conversion of the Viking Serenade.
 The agreement, which ends the arbitration proceedings that commenced in July 1991, calls for a payment by RCCL of $14.95 million. Such payment will not have a material impact on the company's financial condition or results of operations and will be capitalized as part of the asset value of the vessel.
 Royal Caribbean Cruises Ltd. operates Royal Caribbean Cruise Line, the world's largest cruise brand by passenger capacity. The Line has nine modern ships and has signed contracts to build up to three 1,800- passenger ships for delivery in 1995, 1996 and 1997. The award-winning vessels of the Royal Caribbean fleet offer more than 50 different itineraries and call at nearly 130 destinations in the Mediterranean, Bermuda, Scandinavia, Alaska, Bahamas, Mexico, Panama Canal, Russia and the Caribbean.
 -0- 7/7/93
 /CONTACT: Lloyd Axelrod or Rich Steck of Royal Caribbean Cruises Ltd., 305-539-6573/
 (RCL)


CO: Royal Caribbean Cruises Ltd.; Southwest Marine, Inc. ST: Florida IN: LEI SU:

RC-AW -- FL009 -- 9230 07/07/93 17:15 EDT
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Publication:PR Newswire
Date:Jul 7, 1993
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