FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Rice Brian J   2. Issuer Name and Ticker or Trading Symbol ROYAL CARIBBEAN CRUISES LTD [RCL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Finance & CFO (Last) (First) (Middle) ROYAL CARIBBEAN CRUISES LTD, 1050 CARIBBEAN WAY 3. Date of Earliest Transaction (Month/Day/Year) 02/10/2008 (Street) MIAMI, FL 33132 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/10/2008   F   206 (1) D $ 38.305 (2) 36,203 D   Common Stock (3) 02/11/2008   A   17,622 (4) A $ 0 (5) 53,825 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option to Purchase Common Stock (6)

$ 38.305 (2)

02/11/2008

A

22,593

(7)

02/11/2018

Common Stock

22,593

$ 0 (8)

22,593

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Rice Brian J ROYAL CARIBBEAN CRUISES LTD 1050 CARIBBEAN WAY MIAMI, FL 33132			EVP, Finance & CFO

Signatures

/s/ Richard Montes de Oca, Attorney in Fact for Brain J. Rice		02/12/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of 782 shares underlying certain restricted stock units on 2/10/08.
(2)	Represents the average of the high and low prices for the issuer's common stock on the NYSE on 2/11/2008.
(3)	The reporting person was granted restricted stock units under the Royal Caribbean Cruises Ltd. 2000 Stock Award Plan.
(4)	Represents the maximum number of shares of common stock underlying the restricted stock units, which vest as follows: 4,406 on each of 2/11/2009 and 2/11/2010 and 4,405 on each of 2/11/2011 and 2/11/2012.
(5)	The restricted stock units were granted to the reporting person without payment thereof as compensation for serving as an executive officer of the issuer.
(6)	The reporting person was granted the option under the Royal Caribbean Cruises Ltd. 2000 Stock Award Plan.
(7)	The option is exercisable as follows: 5,649 on 02/11/2009 and 5,648 on each of 2/11/2010, 2/11/2011 and 2/11/2012.
(8)	The option was granted without payment thereof as compensation for serving as an executive officer of the issuer.

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