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Cruise News for the Corporate Travel Professional

Wednesday July 15, 2009

Peter Deilman River Cruises declared insolvent - 2009 season will continue.

 
Peter Deilmann Cruises will withdraw from the river division of the German-based company declared insolvent.  The decision will impact “hundreds” of group and charter bookings.

A statement from Peter Deilmann said that its “river ship division has been moved into insolvency which is the German for corporate reorganization”.

“The 2010 river cruise program has been cancelled and charter and group operators involved have been advised of this situation,” the company said. The 2009 season will go ahead as planned.

The move does not affect voyages of its cruise ship ms Deutschland, which is separately owned and operated.

The river cruising vessels have independent owners and it remained to be seen what decision they will make over future bookings.

The operation has been losing money in a tough market which the cruise company could no longer sustain.

 

 

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