(2:25 p.m. EDT) – The inaugural ship in the Ritz-Carlton Yacht Collection, which was originally set to launch from south Florida two nights before the Miami Super Bowl in February 2020, has delayed its debut by four months amidst cost issues in its construction at  the shipyard.

This delay affects not only the ship's first voyage from Fort Lauderdale – which is now scheduled for June 14, 2020 – but all subsequent voyages that were scheduled through June 13. Passengers who had booked staterooms on those voyages can rebook a different sailing in 2020 or 2021.

"While we are eager to welcome guests aboard, our focus remains on ensuring a seamless delivery of the standards of quality and service that The Ritz-Carlton is known for," a statement by the Ritz-Carlton Yacht Collection read. "Our team is deeply committed to delivering a highly customized, state-of-the-art build that will make our inaugural yacht the most distinctive of its kind."

The ship, which can hold 298 passengers in 149 all-balcony suites, is under construction at Astillero Hijos de J. Barreras shipyard in Vigo, Spain. The yet-to-be-named ship was floated out in October 2018.

Ritz-Carlton plans for this ship to be the first of three in the fleet, and ordered an identical sister ship on May 30 that is set to launch in 2021.