German cruise line Transocean Tours has filed for bankruptcy protection, but says that it will still continue to operate its two cruise ships, Astor and Marco Polo, and its five river cruise vessels.
Transocean blames its problems on the cancellation of the world cruise of Astoria in November 2008, due to engine problems, along with further losses incurred on Marco Polo’s operation in the UK market, through its UK partner.
Transocean Tours is currently being restructured and Munich-based Premicon has indicated that it is interested in acquiring Marco Polo and the five river cruise vessels.
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Tuesday, September 8, 2009
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