Majesty of the Seas, last Sovereign-class ship, listed for sale
The former Royal Caribbean cruise ship Majesty of the Seas is for sale at $40 million, a fraction of its original value.
Majesty of the Seas, the final Sovereign-class ship from Royal Caribbean, is currently listed for sale on YachtWorld at $40 million. The vessel, which was renamed Majesty when sold to Greek ferry company Seajets in December 2020, is being offered on the Miami-based boat sales platform.
Background
Built in 1992 by the Chantiers de l’Atlantique shipyard in St. Nazaire, France, Majesty of the Seas sailed with Royal Caribbean from April 1992 until March 2020. The ship spent 28 years in that fleet before being taken out during the cruise shutdown. Royal Caribbean sold the vessel to Seajets in late 2020.
Features and History
The ship retains signature Sovereign-class features like an aft-facing rock wall and a circular Viking Crown Lounge. It was most recently refurbished in 2016, a fact noted in the sales listing. Seajets later renamed the vessel Majesty of the Oceans in 2021.
The listing promotes numerous onboard amenities. These include two swimming pools, four hot tubs, a basketball court, and a casino. The ship also contains a show theater, a spa and salon, a disco, a kids center, and multiple dining venues. The listing said: "Thanks to a dazzling, top to bottom renovation, this popular 880’ cruise ship is more majestic than ever."
Context
Its two sister ships met their end in 2020. Both Sovereign of the Seas and Monarch of the Seas were scrapped at the Aliaga shipyard in Turkey that year. This leaves Majesty of the Seas as the only Sovereign-class vessel not yet broken up. If not sold, the ship is likely to be scrapped.
Market Comparison
The ship's current asking price represents a stark contrast to modern newbuild costs. With a gross tonnage of 73,941 and a maximum passenger capacity of 2,767, the $40 million price equates to roughly $541 per gross ton. By comparison, Royal Caribbean's new Icon of the Seas, with 248,663 gross tons and a reported $2 billion construction cost, works out to approximately $8,043 per ton.
The vessel measures 880 feet in length and can host 912 crew members. Seajets, the current owner, is a Greek ferry operator with a total fleet of 29 vessels. The listing described the opportunity, stating: "The ship is well priced making it an excellent value and unique opportunity." If not sold, the ship is likely to be scrapped.
