Australia's Classic International Cruises in Administration

Press Release
Monday, November 05, 2012
Cruise Ship Athena: Photo credit Wiki CCL

The Business Recovery & Insolvency team at Lawler Partners appointed voluntary administrators of the cruise line.

Brad Tonks and John Vouris of the Business Recovery & Insolvency team at Lawler Partners were appointed following a resolution by the company and made the following announcement.

The Administrators understand that CIC Australia’s management have been working with the owners of the cruise ship “Athena” to confirm its availability for the 2012 – 2013 voyages after recent reports that Athena was arrested at port and that it is currently unable to depart. The management of CIC Australia have been in negotiations to source an alternate vessel to backup Athena in the event that it remains unavailable.

A backup was found, however, CIC Australia was notified on 30 October 2012 that a final agreement may not be reached because of delays prior to the scheduled departure of the cruise from Marseille, France on 12 November 2012.

Upon receiving this news the management of CIC Australia sought immediate advice in relation to CIC Australia’s financial affairs and placed the company into Administration.

Whilst future bookings have now been placed on hold, the Administrators intend to continue the task of sourcing a suitable vessel for the 2012 – 2013 cruises. The Administrators will be providing travel agents with regular updates as further information becomes available and we encourage customers to contact their travel agents in relation to their future travel arrangements.

Upon receiving this news the management of CIC Australia sought immediate advice in relation to CIC Australia’s financial affairs and placed the company into Administration.

Whilst future bookings have now been placed on hold, the Administrators intend to continue the task of sourcing a suitable vessel for the 2012 – 2013 cruises. The Administrators will be providing travel agents with regular updates as further information becomes available and we encourage customers to contact their travel agents in relation to their future travel arrangements.

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Frontline Beats Q1 Forecasts, Inks Ship Finance Deal

Crude oil tanker firm Frontline posted first-quarter operating profit above expectations on Friday and said it had renegotiated its relationship with chartering

Thailand: 300 "boat people" Landed in Recent Weeks

Around 300 "boat people" have landed on Thailand's shores in recent weeks, Sek Wannamethee, director-general of the information department at Thailand's Foreign Ministry, said on Friday.

U.S.: China Placed Artillery on Reclaimed Island

The United States said on Friday that China had placed mobile artillery weapons systems on a reclaimed island in the disputed South China Sea, a development that Republican Sen.

Cruise Ship Trends

Overnight Cruise Ship Visits Suspended in White Bay

The New South Wales (NSW) Port Authority has suspended all overnight cruise ship visits to White Bay until the NSW Environment Protection Authority (EPA) has regulated

Star Clippers to Build Massive Square Rigger

Tall ship sailing specialist Star Clippers has announced that it has started building a fourth ship to add to its fleet of graceful square-riggers; its first new-build

Roxtec Sees Rise in Cruise Ship Repair Work

Manchester cable safety seal manufacturer Roxtec has reported increased demand for its cruise ship cable and pipe seals.   The firm has seen a 67 percent rise

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1638 sec (6 req/sec)