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Suitable resolution for law suit

Suitable resolution for law suit
Royal Caribbean Cruises Ltd. and Rolls-Royce have reached a suitable and amicable resolution to the lawsuit regarding the Mermaid pod-propulsion system on Celebrity Cruises? Millennium-class ships.

Royal Caribbean Cruises Ltd. and Rolls-Royce have reached a suitable and amicable resolution to the lawsuit regarding the Mermaid pod-propulsion system on Celebrity Cruises" Millennium-class ships.

Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) and Rolls-Royce announced that they have reached a suitable and amicable resolution to the lawsuit regarding the Mermaid pod-propulsion system on Celebrity Cruises" Millennium-class ships.

When they were first designed and implemented, podded propulsion was a significant technological advance over traditional shaft propulsion, but it experienced a number of technical issues in the early years of use. However, working together, Royal Caribbean and Rolls-Royce have been successful in improving the reliability of the design. Mermaid pods are installed on four Celebrity ships ? Millennium, Summit, Infinity and Constellation.

The settlement will generate a net increase of approximately $65m in Other Income/(expense) in Royal Caribbean"s 2010 first quarter results.

www.TurkishMaritime.com.tr

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