A court in Eutin in Germany has started bankruptcy proceedings of MS „Deutschland“ Beteiligungsgesellschaft mbH, which owns the 22,496 gross ton cruise liner Deutschland and Peter Deilmann Reederei, the company that has operated the vessel, Deilmann said in a statement.
Meanwhile a world cruise of Deutschland that was due to operate from 18 December 2014 to 1 May 2015 had been cancelled in the absence of a buyer for the vessel that would have provided working capital for the cruise to take place, the company said in a separate statement on 27 November.
Liabilities of the ship owning company amount to about €60 million and those of the operator to about €2 million. The companies have about 1,500 creditors and the first meeting of them will take place on 20 February at the Eutin court house, Deilmann said.
