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RCCL shares in sharp fall after result statement

Shares in Royal Caribbean Cruises Limited (RCCL) suffered deep losses on generally bearish stock markets on Thursdaty after the company had reported weaker than forecast final quarter and full year 2008 results plus warned on continuing challenges in its business.

In Oslo, the RCCL stock traded 8.5% lower at NOK56.50 in late afternoon local time, while on the New York Stock Exchange they had lost 5.6% to $8.55 since the market's opening in the morning. The Dow Jones Industrial average of leading US shares was down 1.2% at the same point.