Edwin Stephan, the founder of Royal Caribbean Cruises, died Friday at 87 years old, the Miami-based cruise major announced Saturday.

He founded the New York-listed cruise major in 1969 as Royal Caribbean Cruise Line, which the following year launched the 724-berth Song of Norway (built 1970) as "the first ship built for warm-water cruising," the company said. The ship was sold for scrap in 2013.