Kristina Cruises, the Finnish cruise line that has owned the 12,000 gross ton Kristina Katariina, has sold the vessel as part of its debt restructuring programme, and it will continue in the future as a tour operator.
The ship has been bought by group of investors, and is managed FleetPro Ocean, the Miami based company previously known as International Shipping Partners. The vessel was handed over to the buyer on 8 January in the Canary Islands.
Kristina Cruises cancelled a programme of fly cruises in the Canary Islands at the end of November and said it would seek debt restructuring, a Finnish version of the Chapter XI procedure in the US. A court in Finland approved the company’s application after its biggest creditors had supported it.
Kristina also offers a programme of river cruises in Europe, which is using a chartered vessel and which has not been impacted by the debt restructuring process. It says it plans to continue trading as a tour operating company.
