Premicon Hochseekreuzfahrt GbmH & Co. KG MS Astor, which owns the 1987 built cruise liner Astor that is operated by the London based Cruise & Maritime Voyages group, has filed for insolvency at the district court of Bremen in Germany, media reports say.
This is the second German owner of a single cruise liner that runs into financial problems in a short period of time. The company that owns Deutschland, which is operated by Peter Deilmann Reederei filed into voluntary administration a few weeks ago.
The owner of the 20,606 gross ton Astor is part of the Munich based Premicon group, which sold Trans Ocean Cruises and that operates Astor in Germany, together with three river cruise vessels and a ship management company, to Cruise & Maritime Voyages earlier this year.
It is expected that Astor will continue to operate normally despite the problems at its owner company, German media reports say.
It should be noted that Cruise & Maritime Voyages is in not connected to the Premicon group and that no concerns have been expressed over the British cruise operator's finances.
