Renaissance Allocates $300M for Two Vessels

By Cathy Carroll

FORT LAUDERDALE, Fla. -- Renaissance Cruises said it will spend $300 million to build two ships that will become the largest to sail French Polynesia, according to the line.

The 690-passenger ships, to be called R3 and R4, will enable the line to tap a broader market for the South Pacific because it will be competitively priced, Frank Del Rio, the line's executive vice president, said.

The ships will enter the market in 1999.

"Our 10-day cruise tour product will include air out of the West Coast and a price competitive to 10-day Carib-bean cruises. Given the choice, I think Americans will choose the South Pacific. It is undercruised and a heck of a destination." he said.

Tahiti, where the ships will have their home port, is not as far away as most Americans think, he added.

It is seven hours and 30 minutes from Los Angeles, which is about the same amount of time it takes to travel from the West Coast to the Caribbean, via Miami or San Juan, Puerto Rico, he noted.

The vessels will be built at Chantiers de L'Atlantique shipyard in St. Nazaire, France, for delivery in April and October 1999, Del Rio said.

They will be identical to R1 and R2, which are under construction at the same shipyard, according to the line.

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