Royal Caribbean Cruises Ltd. said it is selling the assets of its profitable Admiral Cruises unit in order to concentrate on its main operation, Royal Caribbean Cruise Line.
Miami-based Dolphin Cruise Line has agreed to purchase one of the two Admiral ships, the 756-passenger Azure Seas, and will take delivery in mid- May. The other ship, the 776-passenger Emerald Seas, "is also in advanced negotiations for sale to an undisclosed buyer," Royal Caribbean said in a prepared statement Monday."Although these two vessels have always been popular and have consistently contributed to our profits, they no longer fit into Royal Caribbean's long-range plans," said Richard Fain, chairman and chief executive officer. "As Royal Caribbean Cruise Line takes delivery of its new mega-ships Monarch of the Seas and Majesty of the Seas, our focus is on the expansion of the Royal Caribbean Cruise Line brand."
Currently, the Emerald Seas offers three- and four-night cruises from Port Everglades, Fla., to the Bahamas. It will cease operations effective Feb. 20.
The Azure Seas, which operates a weekly eastern Caribbean itinerary from Port Everglades, will cease operations in May.