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The New Ship Shape

Fortune Europe

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June/July 2023

The Ritz-Carlton's Evrima bills itself as a yacht. Another way to look at it: as a cruise ship for people who hate cruises

- ADAM ERACE

The New Ship Shape

A GREAT SEAWORTHY lasagna dislodged from the San Juan cruise terminal and heaved into the inky Caribbean, drifting toward the horizon in a blaze of lights and music.

I watched the giant ship-Norwegian Cruise Line's Epic-from the serene starboard observation terrace of Evrima, still in port nearby. Constructed in Spain and christened in Lisbon last November, Evrima is the firstborn of the Ritz-Carlton Yacht Collection, a sleek blue barracuda at 623 feet long. She's tiny compared with Epic.

A crew member looked over at the Norwegian megaship. "I used to work on that," she told me. When I asked her whether she preferred that or Evrima, she gave me a look that said, "Really?"

Evrima is a cruise ship for people who hate cruises. She also represents a new trend: luxury hotel brands fishing for a piece of the global cruise industry, which is expected to grow 11% a year and cross $15 billion by 2028, according to a 2022 report. It's a sector that has proved preternaturally resilient, weathering nasty norovirus outbreaks, criticism of its horrendous environmental record, and labor abuse exposés-all before the global COVID pandemic wrought headlines like "Stranded at Sea" and "Hell of a Cruise." For the legions of cruise devotees, it's all water under the captain's bridge.

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