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CONFORMED COPY
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULES 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JUNE, 1998
ROYAL CARIBBEAN CRUISES LTD.
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1050 CARIBBEAN WAY, MIAMI, FLORIDA 33132
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
[INDICATE BY CHECK MARK WHETHER THE REGISTRANT FILES OR WILL FILE
ANNUAL REPORTS UNDER COVER FORM 20-F OR FORM 40-F.]
FORM 20-F X FORM 40-F
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[INDICATE BY CHECK MARK WHETHER THE REGISTRANT BY FURNISHING THE
INFORMATION CONTAINED IN THIS FORM IS ALSO THEREBY FURNISHING THE INFORMATION TO
THE COMMISSION PURSUANT TO RULE 12g3-2(b) UNDER THE SECURITIES EXCHANGE ACT OF
1934.]
YES NO X
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[IF "YES" IS MARKED INDICATE BELOW THE FILE NUMBER ASSIGNED TO THE
REGISTRANT IN CONNECTION WITH RULE 12g-3-2(b): 82 _____].
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Contact: Lynn Martenstein
(305) 539-6573
FOR IMMEDIATE RELEASE
ROYAL CARIBBEAN AND GOVERNMENT TO SETTLE
ENVIRONMENT CASES
MIAMI - June 2, 1998 - Royal Caribbean Cruises Ltd. and the Department of
Justice agreed today to settle previously filed charges related to improper
disposal of oil-contaminated bilge water2 and to attempts to conceal such
activities from the U.S. Coast Guard. The settlement agreement stipulates that
Royal Caribbean will pay $9 million to the government, $1 million of which will
be devoted to conservation projects in Puerto Rico and southern Florida. The
latter funds will be administered by the National Fish and Wildlife Foundation.
The settlement is subject to the approval of the courts in Miami and San Juan.
As part of the settlement, Royal Caribbean has entered a guilty plea in
federal court in Miami and, subsequently, will enter a guilty plea in federal
court in San Juan, Puerto Rico. The company initially pleaded not guilty to the
charges, which involved incidents that occurred between 1990 and 1994. It
decided to change its pleas based on a review of the available evidence,
including evidence recently submitted by the Government, and the conclusion that
there had been wrongdoing.
Jack Williams, Royal Caribbean president, stated, "We deeply regret our
role in polluting the marine environment and we are particularly sorry for the
attempts to conceal that pollution. These acts were inexcusable, they were wrong
and we accept full responsibility for these violations. In retrospect, we did
not do a good enough job monitoring and enforcing our own environmental
standards."
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2Bilge water is water that accumulates in the bottom of a ship's engine room as
the result of a ship's normal operation, including condensation, cleaning, or
maintenance. It usually includes trace amounts of fuel or lubricating oil.
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ROYAL CARIBBEAN AND GOVERNMENT SETTLE ENVIRONMENT CASES 2-2-2-2
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The company is under a continuing investigation and may be subject to
additional charges for violations of U.S. law.
The company has developed a comprehensive environmental compliance
program, based on continuous improvement. In January 1996, the company assigned
an environmental officer to each ship; and has since voluntarily established for
itself in many areas higher-than-industry standards by which to govern its
environmental performance. In addition, to further strengthen its environmental
program, former EPA Administrator William K. Reilly has joined Royal Caribbean
as a Director, and Nancy Wheatley has joined the company as Senior Vice
President, Safety and Environment.
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Contact: Lynn Martenstein or Rich Steck
(305) 539-6573
FOR IMMEDIATE RELEASE
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ROYAL CARIBBEAN CRUISES LTD. ANNOUNCES STOCK SPLIT
MIAMI - June 23, 1998 - Royal Caribbean Cruises Ltd. (NYSE & OSE: RCL)
announced today that its Board of Directors approved a two-for-one stock split
of its common shares. The stock will split and be distributed to shareholders on
July 31, 1998, in the nature of a stock dividend for all shareholders of record
on July 10, 1998.
The price for converting shares of the Royal Caribbean Cruises Ltd.
Series A Convertible Preferred Stock into common shares will be adjusted as a
result of the split. Effective July 13, 1998, each share of the company's
convertible preferred stock will be convertible into 3.0864 common shares
(equivalent to a conversion price of $16.20 per common share).
Royal Caribbean Cruises Ltd., is a global cruise company operating two
cruise brands, Royal Caribbean International and Celebrity Cruises. The brands'
combined fleet consists of 17 vessels in service with a capacity of over 31,000
berths. Six ships are on order, for an additional capacity of 15,200 berths. The
ships currently visit Alaska, the Bahamas, Bermuda, Canada, the Caribbean,
Europe, Hawaii, Mexico, New England, the Panama Canal and Scandinavia.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ROYAL CARIBBEAN CRUISES LTD.
(Registrant)
Date: June 30, 1998 By: /s/ Richard J. Glasier
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Richard J. Glasier
Executive Vice President
and Chief Financial Officer
