Princess Cruises and Royal Caribbean Cruises have said they will merge in an attempt to save costs amid a slump in travel following the September 11 attacks in the U.S.
cactuspete
Nov 20, 01, 4:56 pm
P&O Princess Cruises PLC of London plans to merge with Royal Caribbean Ltd. in a $3 billion, leapfrogging Carnival Cruise Lines as the world's largest cruise ship operator.
Princess said Tuesday the combined company, tentatively named RCP Cruise Lines, would have 41 ships and 75,000 berths, topping Miami-based Carnival Cruise Lines.
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