MarAd Sells Two Cruise Ships

Friday, June 13, 2008

The U.S. Department of Transportation’s Maritime Administration has sold two small cruise vessels, the Cape May Light and the Cape Cod Light, to Voyager Owner, LLC, and Discover Owner, LLC, respectively.  The new owners are limited liability companies located in . The Maritime Administration took possession of the two ships after their original owners, subsidiaries of American Classic Voyages, defaulted on loans that the Maritime Administration had guaranteed.
The purchase price was $9 million apiece.  The ships will be registered in the , and the new owners plan to sail them under registry.  The ships were sold in “as-is, where is” condition, and will need refurbishing to sail in the cruise trade.
The ships are currently located in , , on the south of .

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

Life Rafts Not Functioning On Sunk Ferry's Sister Ship

South Korean investigators said on Friday that life rafts and escape chutes on a sister ship to a sunken ferry were not working properly. The Sewol ferry, weighing almost 7,

Historic Schooner Adventuress to Offer Tours at the Port of Everett

Historic Schooner AdventuressEverett, Wash. - National Historic  Landmark, the schooner Adventuress, will make its annual sail to visit the Port of Everett Marina April 26 - 29.

OSI to Integrate Software for UK Royal Navy

OSI Maritime Systems (OSI) announced the signing of a contract to integrate its flagship software, ECPINS-W Sub, into the U.K. Royal Navy’s T45 Destroyer Integrated Bridge System (IBS).

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.1202 sec (8 req/sec)