Royal Caribbean Cruises Ltd. (RCL) said Monday that it has reached a suitable and amicable resolution to the lawsuit with Rolls-Royce 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.
Royal Caribbean said the settlement will generate a net increase of about $65 million in Other Income/(expense) in its 2010 first quarter results.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.