Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together, these six brands operate a combined 41 ships in the cruise vacation industry with an aggregate capacity of approximately 98,750 berths. The Company’s ships operate on a selection of itineraries that call on approximately 490 destinations on all seven continents. The Company’s brands include Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, Pullmantur and CDF Croisieres de France. These brands serve the cruise markets in Spain, Portugal and Latin America, its CDF Croisieres de France brand provides a tailored product at the French market, and its 50% joint venture TUI Cruises is tailored for the German market.