First Choice Sells Ships, Completes INTRAV Buy

Thursday, January 19, 2006
First Choice Holidays PLC has sold two coastal cruising ships to Cruise West, a US family owned small-ship cruise line for $16.7 million. The two ships were amongst the four cruise ships acquired as part of First Choice's purchase of US-based leisure travel group INTRAV, the acquisition of which the company has completed. The net consideration for the purchase of INTRAV, including the sale of the two ships, is $46.8 million. The two ships that First Choice is retaining have a market value of almost $30 million and generated revenues of $24.3 million in the 12 months to December 31. (Source: www.forbes.com)
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Container Manufacturer Reports Profit Plunge

World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has  announced its unaudited interim results for the six months ended 30 June 2014.

CACI Named MSC Logistics Prime Contractor

CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide

Iconic Star Ferry in Move to New Wan Chai Pier

With effect from the first departure on Saturday 30 August 2014, Hong Kong's “Wan Chai – Tsim Sha Tsui” ferry service will operate from the new Wan Chai Ferry Pier.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1256 sec (8 req/sec)