Royal Caribbean’s 2,744-passenger, 73,941-ton Monarch of the Seas may be headed to Spanish brand Pullmantur to join sister-ship Sovereign of the Seas, sources said.

Pullmantur has shed some capacity this year, with the Ocean Dream being chartered out and the Horizon being transferred to the CDF brand.

The Monarch may start sailing for the Spanish brand, which has been hit along with the Spanish economy, as soon as March, 2013.

Last year, rumors that the Majesty of the Seas, a sister to the Monarch, had been sold to a Korean start-up, ended up being false.