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The company was established by Torstein Hagen in St. Petersburg, Russia as Viking River Cruises in 1997. Hagen had become involved in cruising as a McKinsey and Company consultant who helped the Holland America Line survive the 1973 oil crisis, then was CEO of the Royal Viking Line from 1980 to 1984, made money in the Russian private equity markets, then bought a controlling stake in a Dutch ...
Sun Viking at Vancouver in 1990. Along with her sister ships, Song of Norway and Nordic Prince, the class comprised the first purpose-built ships intended for Caribbean-based cruise travel. Sun Viking cruised the Mexican Riviera on a 7-day itinerary out of Los Angeles and the Caribbean out of San Juan, Puerto Rico in the early 1990s. The ship ...
Royal Caribbean Cruise Line: 1977 85 feet Wärtsilä Marine, Finland Nordic Prince: Royal Caribbean Cruise Line: 1980 85 feet Wärtsilä Marine, Finland Royal Viking Star: Royal Viking Line: 1981 27.77 metres (91 ft 1 in) A.G. Weser shipyard in Bremerhaven, West Germany: Royal Viking Sky: Royal Viking Line: 1982 27.77 metres (91 ft 1 in)
Royal Caribbean International (RCI), formerly Royal Caribbean Cruise Line (RCCL), is a cruise line founded in 1968 in Norway and organized as a wholly owned subsidiary of Royal Caribbean Group since 1997. Based in Miami, Florida, it is the largest cruise line by revenue and second largest by passenger counts. In 2018, Royal Caribbean ...
Royal Viking Star was stretched in 1981, followed by Royal Viking Sky in 1982 and Royal Viking Sea in 1983. The lengthening of the ships improved both their profiles and their economics. In 1984, Torstein Hagen arranged a $240 million management buyout of the company, with the assistance of venture capital firm JH Whitney [citation needed].
Royal Caribbean Group was formed as Royal Caribbean Cruises Ltd. in 1997 when Royal Caribbean Cruise Line purchased Celebrity Cruises.The decision was made to keep the two cruise line brands separate following the merger; as a result Royal Caribbean Cruise Line was re-branded Royal Caribbean International and Royal Caribbean Cruises Ltd. was established as the new parent company of both Royal ...
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