Port of Galveston, Royal Caribbean will officially ink deal for 3rd cruise terminal

The Port of Galveston and Miami-based Royal Caribbean Cruises Ltd. (NYSE: RCL) are officially moving forward with their deal to build a third cruise terminal in Galveston.

The Board of Trustees of the Galveston Wharves approved the long-term agreement with Royal Caribbean at a Dec. 11 meeting, and a signing ceremony will be held the evening of Dec. 12, according to a media alert. The board and Royal Caribbean entered into a memorandum of understanding regarding a new cruise terminal in December…