Subsequent Events	6 Months Ended
Jun. 30, 2011
Subsequent Events	Note 10. Subsequent Events In July 2011, we took delivery of Celebrity Silhouette. To finance the purchase, we borrowed $632.0 million under our previously committed unsecured term loan which is 95% guaranteed by Hermes. The loan amortizes semi-annually over 12 years and bears interest at LIBOR plus a margin of 0.40%, currently approximately 0.81%. Effective July 21, 2011, we amended and restated our $1.225 billion unsecured revolving credit facility which was due to expire in June 2012. We have extended the termination date through July 21, 2016 and reduced the facility amount to $875.0 million. This facility combined with our $525.0 million facility provides us with access to $1.4 billion in liquidity. Under the amended facility, advances currently bear interest at LIBOR plus a margin of 2.00% and we are required to pay a facility fee of 0.42% per annum. The contractual interest rate and facility fee vary with our debt rating. Commencing in the third quarter of 2011 our board of directors reinstated our quarterly dividend which was discontinued in the fourth quarter of 2008. On July 27, 2011, we declared a cash dividend on our common stock of $0.10 for holders of record at the close of business on August 12, 2011 payable August 30, 2011.

Subsequent Events

6 Months Ended

Jun. 30, 2011

Note 10. Subsequent Events

In July 2011, we took delivery of Celebrity Silhouette. To finance the purchase, we borrowed $632.0 million under our previously committed unsecured term loan which is 95% guaranteed by Hermes. The loan amortizes semi-annually over 12 years and bears interest at LIBOR plus a margin of 0.40%, currently approximately 0.81%.

Effective July 21, 2011, we amended and restated our $1.225 billion unsecured revolving credit facility which was due to expire in June 2012. We have extended the termination date through July 21, 2016 and reduced the facility amount to $875.0 million. This facility combined with our $525.0 million facility provides us with access to $1.4 billion in liquidity. Under the amended facility, advances currently bear interest at LIBOR plus a margin of 2.00% and we are required to pay a facility fee of 0.42% per annum. The contractual interest rate and facility fee vary with our debt rating.

Commencing in the third quarter of 2011 our board of directors reinstated our quarterly dividend which was discontinued in the fourth quarter of 2008. On July 27, 2011, we declared a cash dividend on our common stock of $0.10 for holders of record at the close of business on August 12, 2011 payable August 30, 2011.