The latest entrant, Crescent Seas, is converting two ships – Regent Seven Seas’ Navigator in 2026 and Oceania’s Insignia in 2027 – into residential ships. The aim is to build a fleet of five, including new-build The Ocean, by 2032.
Founder and chief executive Russell Galbut, a former chair of Norwegian Cruise Line Holdings, hopes the trade will help market these residences, which can cost up to $10 million each.
He added the line’s commission model offered “immediate and long-term revenue potential” for agents keen to deepen their relationships with high-end clients and willing to put their faith in product backed by “experienced industry leaders”.
