Cruise & Maritime Voyages, the UK based destination focused cruise line, said it has entered administration after failing to secure funding to carry it over the Covid-19 crisis.
“We are sorry to inform you that South Quay Travel Limited (“SQTL”) – which traded under the name Cruise & Maritime Voyages – was placed into administration on 20 July 2020. Paul Williams, Phil Dakin and Edward Bines of Duff & Phelps Ltd. were appointed Joint Administrators of SQTL. At present the Administrators are evaluating SQTL’s financial position,” the company said I a statement posted on its website.
The company started business in 2009 and it has operated its fleet of ships on charter from a Greek company.
At the time of its collapse, its fleet comprised of the following vessels:
Columbus, built in 1989, 63,786 gross tons
Vasco da Gama, 1992, 55,819 gross tons
Magellan, 1985, 46,052 gross tons
Marco Polo, 1965, 22,080 gross tons
Astor, 1987, 20,606 gross tons
Astoria1948, 16,844 gross tons
It was due to introduce next year two additional ships:
Amy Johnson, currently Pacific Dawn, 1991, 70,285 gross tons
Ida Pfeiffer, currently Pacific Aria, 1994, 55,819 gross tons
In addition to the UK market, the company operated in Germany, where it used the Transocean Kreuzfahrten brand, plus in Australia, Mexico and the US.
