World's Largest Cruise Ship to Set Sail as Industry Rebounds

Royal Caribbean's luxurious new vessel Icon of the Seas will be the world's largest cruise ship. Jonathan NACKSTRAND / AFP
Royal Caribbean's luxurious new vessel Icon of the Seas will be the world's largest cruise ship. Jonathan NACKSTRAND / AFP
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World's Largest Cruise Ship to Set Sail as Industry Rebounds

Royal Caribbean's luxurious new vessel Icon of the Seas will be the world's largest cruise ship. Jonathan NACKSTRAND / AFP
Royal Caribbean's luxurious new vessel Icon of the Seas will be the world's largest cruise ship. Jonathan NACKSTRAND / AFP

With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship.

Royal Caribbean's luxurious new vessel Icon of the Seas is nearing completion in the Turku shipyard on Finland's southwestern coast, its maiden voyage scheduled for January 2024, AFP said.

"This ship is, as of today, as far as we are aware of, the biggest cruise ship in the world," said Tim Meyer, CEO of shipbuilder Meyer Turku, tasked with the construction.

While some have labeled the colossal structure a "monstrosity", citing its vast climate footprint, others are in awe of the sophisticated engineering integrated into this floating holiday destination and flocking to buy tickets.

Resembling a village more than a ship, the mammoth vessel boasts colorful waterparks, more than 20 decks and can carry nearly 10,000 people.

A distinct feature of the new ship, which went into construction in 2021 and entered sea trials in June, is a gigantic glass dome that covers part of its front section.

The pandemic dealt a heavy blow to the industry, raising questions about whether it would ever recover.

Cruise companies are now seeing customers return.

The Cruise Lines International Association has predicted that passenger volume will surpass pre-pandemic levels with 31.5 million passengers in 2023.

"After the restrictions are gone and the situation has eased up, we are seeing that the market is coming back very strong," Meyer said.

Bigger is better?
With a gross tonnage of 250,800 -- five times the size of the Titanic -- Icon of the Seas will snatch the title of the world's largest cruise ship from Royal Caribbean's current flagship, Wonder of the Seas.

Meyer Turku also has two more similar sized Icon-class vessels in their order books.

"We have seen over the last decade that cruise ships have become bigger," said Alexis Papathanassis, professor of Cruise Management at Bremerhaven University of Applied Sciences.

Papathanassis noted that "there are obvious economic benefits" to mega-sized ships, reducing the cost of individual passengers.

With its seven pools, a park, waterslides, shopping promenades, ice skating rink and "more venues than any other ship", larger vessels like the Icon of the Seas also offer more options for spending money on board.

This "in turn enables cruise companies to be more profitable," he added.

The extra income is welcomed by the cruise lines -- in order to survive Covid lockdowns the cruise lines "had to take a lot of credit" they now have to pay back.

"It's going to be a challenging time with financial austerity for cruise companies," Papathanassis said, adding that he expected ticket prices to rise.

What is too big?
While "the tendency towards increasing the size of the ship is not going to stop", Papathanassis believes "it will certainly be slowed down".

The reason behind this is not engineering but rather the financial equation.

"The bigger the ships are, the higher the investment cost and the required technology know-how. And technological know-how does not come cheap," Papathanassis explained.

Similarly, larger vessels come with their own unique challenges, such as port overcrowding, he noted.

This "in turn enables cruise companies to be more profitable," he added.

The extra income is welcomed by the cruise lines -- in order to survive Covid lockdowns the cruise lines "had to take a lot of credit" they now have to pay back.

"It's going to be a challenging time with financial austerity for cruise companies," Papathanassis said, adding that he expected ticket prices to rise.

What is too big?
While "the tendency towards increasing the size of the ship is not going to stop", Papathanassis believes "it will certainly be slowed down".

The reason behind this is not engineering but rather the financial equation.

"The bigger the ships are, the higher the investment cost and the required technology know-how. And technological know-how does not come cheap," Papathanassis explained.

Similarly, larger vessels come with their own unique challenges, such as port overcrowding, he noted.

Often hailed as a bridge towards more climate-neutral options, LNG has lower emissions than traditional marine fuels, but T&E has voiced concern over potential methane leaks.

"LNG does have dramatic consequences for the climate because it leaks methane," Dijkstra said.

A typical component of LNG, methane is a powerful greenhouse gas that can have a much worse impact on the climate than carbon dioxide.

"The problem is when you use LNG as a marine fuel, you are encouraging the development of the gas industry."



Buyer Splashes Out $1.3 Million for Tokyo New Year Tuna

 The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
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Buyer Splashes Out $1.3 Million for Tokyo New Year Tuna

 The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)

The top bidder at a Tokyo fish market said they paid $1.3 million for a tuna on Sunday, the second highest price ever paid at an annual prestigious new year auction.

Michelin-starred sushi restauranteurs the Onodera Group said they paid 207 million yen for the 276-kilogram (608 pound) bluefin tuna, roughly the size and weight of a motorbike.

It is the second highest price paid at the opening auction of the year in Tokyo's main fish market since comparable data started being collected in 1999.

The powerful buyers have now paid the top price for five years straight -- winning bragging rights and a lucrative frenzy of media attention in Japan.

"The first tuna is something meant to bring in good fortune," Onodera official Shinji Nagao told reporters after the auction. "Our wish is that people will eat this and have a wonderful year."

The Onodera Group paid 114 million yen for the top tuna last year.

But the highest ever auction price was 333.6 million yen for a 278-kilogram bluefin in 2019, as the fish market was moved from its traditional Tsukiji area to a modern facility in nearby Toyosu.

The record bid was made by self-proclaimed "Tuna King" Kiyoshi Kimura, who operates the Sushi Zanmai national restaurant chain.

During the Covid-19 pandemic the new year tunas commanded only a fraction of their usual top prices, as the public were discouraged from dining out and restaurants had limited operations.