As talks continue between the UK cruise line Saga and the receivers/bondholders of bankrupt Club Cruise on the purchase of the Dutch company’s 18,600grt, 1981-built Astoria, at appears that Saga has lost the slot it had at Malta Shipyard’s for the conversion of the vessel.
Saga was in the early stages of buying Astoria from Club Cruise for €30m before the Dutch owner went bankrupt, and was then to spend a further €15m on converting the vessel as a replacement for the 1965-built Saga Rose.
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Wednesday, June 24, 2009
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